Katanga Mining Limited

Katanga Mining Limited

July 17, 2007 10:01 ET

Katanga Halts Trading in Unsecured Subordinated Notes (KAT-NT.TO)

LONDON, UNITED KINGDOM--(Marketwire - July 17, 2007) - Katanga Mining Limited (TSX:KAT)("Katanga" or the "Company") has today halted trading in its 14% Unsecured Subordinated Notes (KAT-NT.TO). This is to allow the Company, the depository and the Toronto Stock Exchange to work out the procedures on how to reflect the capitalization of the interest payable from November 20, 2006 through to June 30, 2007.

Trading will resume as soon as possible once this administrative matter is concluded, and a further press release will be issued to announce this. Please note that trading in Katanga's common shares (KAT.TO) and warrants (KAT-WT.TO) are unaffected.

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 or Mobile: +44 (0)7887 985671
    Fleishman-Hillard (Toronto)
    Caroline Spivak
    (416) 645-8185 or Mobile: (416) 371-9740