Katanga Mining Limited

Katanga Mining Limited

October 07, 2009 00:01 ET

Katanga Announces Termination of Remaining Relationship Agreements

LONDON, UNITED KINGDOM--(Marketwire - Oct. 7, 2009) - Katanga Mining Limited (TSX:KAT) ("Katanga" or the "Company") today announced that the remaining relationship agreements that certain of Katanga's major shareholders, including Glencore Finance (Bermuda) Limited, RP Explorer Master Fund, Cosaf Limited and Ruwenzori Limited, separately entered into with Katanga on January 21, 2008 in connection with Katanga's acquisition of Nikanor Plc., have been terminated by agreement with immediate effect in light of the significantly changed circumstances since that date. These agreements provided such shareholders with certain appointment and nomination rights in respect of the officers and directors of Katanga. The Board remains as currently constituted.

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.

Contact Information

  • Katanga Mining Limited
    Steven Isaacs
    Interim CEO
    +44 (0) 207 440 5824
    Katanga Mining Limited
    Nick Brodie
    +44 (0) 7983 447 775