Katanga Mining Limited

Katanga Mining Limited

July 18, 2007 09:32 ET

Katanga Announces Concentrator Commissioning

LONDON, UNITED KINGDOM--(Marketwire - July 18, 2007) - Katanga Mining Limited (TSX:KAT) ("Katanga" or the "Company") is pleased to announce that commissioning of the Kamoto Concentrator has begun on schedule this week at its major copper-cobalt mine complex in the Democratic Republic of Congo.

Commissioning of the sulphide circuit will be closely followed by commissioning of the oxide circuit. In total, two mills and 88 flotation cells will be operational in phase one. When fully operational in 2011, the total capacity of the concentrator will be 7.5 million tonnes of ore a year.

It is anticipated that the first concentrate will be produced by the end of this month, when it will travel down the completed seven kilometre concentrate delivery system to the Luilu Metallurgical Plant, where commissioning of the concentrate receiving area is also under way.

"This is another vital step on our path to shipping copper by the end of the year," stated Arthur Ditto, Chairman, President & CEO of Katanga. "We have so far hit all of our deadlines on schedule and on budget, and our team of experienced mine operators remains completely focused on the successful restart of this major copper-cobalt mine complex."

Since underground mining began, 32,000 tonnes of ore has been stockpiled ahead of the start up of the concentrator. All critical equipment is now onsite for phase one mining operations. Waste stripping to expose oxide ore in the Musonoie-T17 open pit mine is progressing to plan. Following successful commissioning of the concentrator, the focus will shift to the final stages of phase one rehabilitation of the metallurgical plant to ensure commissioning will begin as scheduled in September.

A 3D flythrough of Katanga's mine complex is now available on the Company's website, at www.katangamining.com/flythrough

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.

First copper is due to be shipped 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

  • Parkgreen Communications (London)
    Simon Robinson
    +44 (0)20 7851 7480
    Mobile: +44 (0)7887 985671
    Fleishman-Hillard (Toronto)
    Caroline Spivak
    (416) 645-8185
    Mobile: (416) 371-9740