Katanga Mining Limited

Katanga Mining Limited

November 02, 2007 17:14 ET

Katanga Receives Shareholder Approval for Increase in Authorized Share Capital

LONDON, UNITED KINGDOM--(Marketwire - Nov. 2, 2007) - Katanga Mining Limited (TSX:KAT) (the "Company") announces that, at a special meeting held earlier today in Toronto, Ontario, its shareholders approved an increase in the authorized share capital of the Company, which now consists of 1,000 Common Shares with a par value of $12.00 and 300,000,000 Common Shares with a par value of $0.10.

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
    Arthur H. Ditto
    Chairman, President & CEO
    +44 (0)20 7440 5824 or +44 (0)7983 447774
    Katanga Mining Limited
    Anu Dhir
    Vice President, Corporate Development
    +44 (0)20 7440 5822 or Mobile: +44 (0)7983 438942
    Website: www.katangamining.com
    Parkgreen Communications (London)
    Simon Robinson
    +44 (0)20 7851 7480 or Mobile: +44 (0)7887 985671
    Fleishman-Hillard (Toronto)
    Caroline Spivak
    (416) 645-8185 or Mobile: (416) 371-9740