Katanga Mining Limited

Katanga Mining Limited

December 10, 2007 08:41 ET

Interest Payment on Katanga Notes

LONDON, UNITED KINGDOM--(Marketwire - Dec. 10, 2007) - Katanga Mining Limited (TSX:KAT) ("Katanga") announced today that the semi-annual interest payment on its outstanding 14% unsecured subordinated notes (the "Notes") due November 30, 2013 will be made on or about January 2, 2008 to noteholders of record on December 14, 2007 (the "Record Date"). Holders of Notes on the Record Date will receive a cash payment of CDN$70.58 for every CDN$1,000 principal amount of Notes held.

At the close of business on December 6, 2007, Katanga had an aggregate of CDN$124,835,950 principal amount of Notes issued and outstanding.

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

Katanga Mining Limited operates a major copper-cobalt mine complex in the Democratic Republic of Congo.

Copper production is expected to begin in December 2007 and the site is expected to reach full production in 2011, when 150,000 tonnes of refined copper and 8,000 tonnes of refined cobalt will be produced a year. The Company will be among the world's lowest cost producers.

Katanga Mining Limited is listed on the Toronto Stock Exchange under the symbol KAT.

Contact Information

  • Katanga Mining Limited
    David Orford
    Manager, Communications
    +44 (0)20 7440 5828
    Katanga Mining Limited
    Gavin Wood
    Analyst, Corporate Development
    +44 (0)20 7440 5854
    Website: www.katangamining.com
    Fleishman-Hillard (Toronto)
    Caroline Spivak
    (416) 645-8185