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UPDATE 1-Katanga Posts Profit on Improving Output

METALS-Copper Bounces, Bargain Hunters Enter the Fray

TORONTO, Feb 8 (Reuters) - Katanga Mining, which is focused on operations in the Democratic Republic of Congo, reported a fourth-quarter profit on Monday, helped by increasing copper and cobalt output.
The Canadian-listed company reported net income of $15.3 million and sales of $100 million. It did not provide a comparison with results from the year-ago quarter.
Katanga is forecasting production of 82,000 tonnes of copper cathode and 5,500 tonnes of cobalt metal in 2010.
Shares of the company were up 2 Canadian cents at 66 Canadian cents on the Toronto Stock Exchange. 
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