Katanga Mining Limited
TSX : KAT

Katanga Mining Limited

September 23, 2009 09:24 ET

Katanga Completes Acquisition of KOL

LONDON, UNITED KINGDOM--(Marketwire - Sept. 23, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Further to its press release of August 28, 2009, Katanga Mining Limited (TSX:KAT) ("Katanga" or the "Company") today announced that it has completed the acquisition of Kamoto Operating Limited ("KOL"). Katanga acquired the entire issued share capital of KOL from Wayland Management SA and Tain Holdings Limited by issuing an aggregate of 12,000,000 common shares and by making a cash payment in the aggregate amount of USD 1,600,000.

About Katanga Mining Limited

Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Katanga Mining Limited
    Steven Isaacs
    Interim CEO
    +44 (0) 207 440 5824
    or
    Katanga Mining Limited
    Nick Brodie
    CFO
    +44 (0) 7983 447 775
    or
    Katanga Mining Limited
    Varshan Gokool
    Director, Finance
    +44 (0) 20 7440 5848