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Katanga Mining Announces First Copper Production Through New Solvent Extraction Plant and Converted Electro-Winning Facility
Published : December 20, 2012
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Keywords :   Canada | Cobalt |

Katanga Mining Announces First Copper Production Through New Solvent Extraction Plant and Converted Electro-Winning Facility

ZUG, Switzerland, Dec. 20, 2012 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces the successful production of the first copper cathodes from the newly commissioned facilities as part of the Updated Phase 4 Expansion programme.  The new facilities include the first Solvent Extraction ("SX") train with an annual capacity of 100,000 tonnes of copper and the first 144 Electro-Winning ("EW") cells with an annual capacity of 40,000 tonnes of copper.

The Updated Phase 4 project which commenced in Q3/2011 will enable Katanga to both increase total processing capacity as well as upgrade the quality of copper produced through the application of modern technologies and processes.  Mechanical completion of the Updated Phase 4 Expansion is expected in the third quarter of 2013.

Previously, Katanga's production has been significantly impacted by power disruptions in the region.  As mentioned in the publication of the Q3 / 2012 results, the new convertor, as part of the World Bank power project, and the new synchronous condenser, as part of the refurbishment of the DRC's power systems, were expected to be commissioned during the fourth quarter of 2012.  These new power facilities have been confirmed in operation as of 17 December 2012 and will help to increase and stabilise power capacity in the region. With the installed convertor and condenser, the DRC electricity provider, La Société Nationale d'Electricité ("SNEL") will be in a position to increase electricity transmission from the Inga power plant by 100MW (from 140MW to 240MW), therefore improving the reliability of supply to Katanga's operations.

Notes to Editors

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.

About the Phase 4 Expansion

These assets form part of the Updated Phase 4 Expansion which, as previously reported, include, among others:

  • A new 300,000 tonnes per annum SX plant;

  • A conversion of the older Electro-Refinery facility to a 200,000 tonnes per annum EW plant;

  • The erection of an in-pit crusher at KOV Open Pit;

  • New floatation circuits and other operational improvements at the KTC concentrator;

  • New Oxide Concentrate receiving Leach Tanks and Thickener, and Refurbishment of Sulfide Thickeners;

  • A new Sulfide Roaster;

  • The upgrade of the existing Luilu Plant including new Acid Offloading and Storage Area, new Lime Plant, Fe/Al/Zn removal plant and Cobalt precipitation.

Forward-looking Information

This press release contains "forward-looking information" within the meaning of Canadian securities legislation with respect to the Updated Phase 4 Expansion of Katanga's copper cobalt project.  Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled estimates", "forecasts", "outlook", "intends", "anticipates", "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur", or "be achieved". Statements containing forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Katanga to be materially different from those expressed or implied by such statements, including but not limited to: risks relating to the refurbishment of existing facilities; unexpected events during construction, start-up, expansion or production; variations in ore grade or tonnes mined; future prices of copper and cobalt; futures prices of oxide concentrate; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; political unrest and insurrection; acts of terrorism; accidents, labor disputes and other risks of the mining industry; delays in the completion of development or construction activities, as well as those factors discussed herein or referred to in the current annual information form of the Company filed with the securities regulatory authorities in Canada and available at www.sedar.com. Although management of Katanga has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward- looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Katanga does not undertake to update any forward-looking information or statement that is incorporated herein, except in accordance with applicable securities laws. 

SOURCE: Katanga Mining Limited

For further information:

Jeff Best
CEO
Tel: +41 (041) 766 71 10

Paul Inbona
CFO
Tel: +41 (041) 766 71 10

Data and Statistics for these countries : Canada | Switzerland | All
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Katanga Mining Limited

PRODUCER
CODE : KAT.TO
ISIN : CA4858471077
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In the News and Medias of Katanga Mining Limited
5/9/2011Katanga Mining reports Q1 profit
4/1/2010Katanga Mining targets big copper/cobalt expansion
2/8/2010Katanga reports Q4 profit as output ramps up
2/3/2010DRC's Katanga province bans exports from 16 miners
9/9/2009Katanga accelerates ramp-up in Congo, shares soar
9/8/2009Katanga to bring forward DRC-project ramp-up
8/28/2009Katanga to buy mine operator Kamoto
8/10/2009Katanga posts Q2 loss, refurbishment on track
6/2/2009Katanga Mining's rebirth? USD 270m of debt extinguished
2/11/2009Katanga at 70,000 T copper from mid-2009
Annual reports of Katanga Mining Limited
2007 Annual Report
Nominations of Katanga Mining Limited
9/25/2013appoints new Chief Operating Officer
11/20/2012appoints new CFO
9/28/2011Announces Resignation of Director
9/22/2011Announces Appointment of New CEO
5/9/2011(KAT.TO) Press release: Katanga Mining appoints new COO
4/7/2011APPOINTS NEW CFO
12/22/2009Appointment of CEO
11/5/2009(KAT.TO) Press Release: KAT Announces Appointment of New Dir...
10/2/2008 Appoints Interim CEO and COO
5/29/2007Appoints Agent for Copper and Cobalt Marketing
Financials of Katanga Mining Limited
3/3/2014announces 2013 year end results and commitment of Glencore t...
8/12/2011announces 2011 second quarter results
5/9/2011(KAT.TO) Press release: Katanga Mining announces First Quart...
2/11/2011 Katanga Mining announces 2010 Fourth Quarter and Year End R...
5/19/2009(KAT.TO) Press Release: KAT Announces First Quarter Results
Project news of Katanga Mining Limited
12/20/2012Announces First Copper Production Through New Solvent Extrac...
6/8/2011(KAT.TO) Press release: Interest Payment on Katanga Notes
12/9/2010(KAT.TO) Press Release: Interest Payment on Katanga Notes
8/12/2008(Kamoto Underground)Project Update & 2Q 2008 Financials
12/18/2007(Kamoto Underground) Successfully Produces First Copper Cathode
Corporate news of Katanga Mining Limited
5/15/2014announces 2014 first quarter results and election of directo...
5/5/2014announces first quarter 2014 production results and date for...
2/10/2014announces 2013 year end operational highlights, and outlook
11/14/2013announces 2013 third quarter financial results and appoints ...
10/30/2013announces Q3 2013 production results and date for release of...
8/12/2013announces Q2 2013 production results and date for release of...
5/10/2013announces 2013 first quarter results and election of directo...
2/11/2013announces 2012 year end operational highlights, outlook and ...
12/13/2012Announces Draw Down of US$515.5 Million Facility
11/14/2012Announces 2012 Third Quarter Results and Appoints New Direct...
10/30/2012Announces Q3 2012 Production Results and Date for Release of...
9/1/2011Completes Continuance to the Yukon Territory
8/22/2011Proceeds to Procure Long-Lead Items for the Phase 4 Expansio...
8/5/2011announces departure of CEO
3/31/2011ANNOUNCES FILING OF AIF AND INDEPENDENT TECHNICAL REPORT
6/8/2010Interest Payment on Katanga Notes
4/12/2010News release
10/7/2009(KAT.TO) Press Release: KAT Announces Termination of Remaini...
9/23/2009KAT Completes Acquisition of KOL
9/8/2009(KAT.TO) Press Release: KAT Announces Accelerated Developmen...
8/28/2009(KAT.TO) Press Release: KAT Announces Signing of Share Purch...
7/27/2009Signing of Finalised Joint Venture Agreement
6/17/2009(KAT.TO) Press Release: KAT Extends Deadline for Ineligible ...
6/11/2009(KAT.TO) Press Release: KAT Completes US$172.3 Million Early...
5/14/2009(KAT.TO) Press Release: KAT Comments on Trading of Common Sh...
2/11/2009(KAT.TO) Press Release: Convertible Loan Facility
1/12/2009(KAT.TO) Press Release: Loan Facility
1/12/2009(KAT.TO) Press Release: Authorized Share Capital
1/7/2009(KAT.TO) Press Release: Proxy Cut-off
12/24/2008(KAT.TO) Press Release: Convertible Loan Facility
11/26/2008Luilu plant resumes copper and cobalt metal production
11/21/2008(KAT:TO) Press Release: Kolwezi Concentrator Update 21 Nov 2...
11/12/2008(KAT.TO) Press Release: Damage to Luilu Transformer
11/4/2008KAT Project Update & 3Q Financials Call November 7
10/24/2008(KAT.TO) Press Release: KAT to Review Capital Expenditure
6/16/2008Announces Intended Resignation of CEO
6/12/2008Interest Payment on KAT Notes June 12
2/21/2008Receives Summary Findings of DRC Mining Contract Review
2/8/2008Announces Agreement on Transfer of Mashamba West and Dikuluw...
1/29/2008(KAT.TO) Press Release: KAT Progresses Consolidation of Join...
1/22/2008Operations Integrated
1/11/2008(KAT.TO) Press Release: KAT Completes Merger with Nikanor to...
12/10/2007Interest Payment on KAT Notes
11/27/2007 Starts Luilu Metallurgical Plant on Schedule
11/6/2007 Recommended Merger of Katanga and Nikanor to Create a Leadi...
11/5/2007 Announce Completion of US$150 Million Loan
11/2/2007Receives Shareholder Approval for Increase in Authorized Sha...
10/11/2007 Site Progress Update
10/4/2007Announces US$150 Million Loan Following Review of Strategic ...
9/6/2007Response to Withdrawal of Unsolicited Offer
8/29/2007Recommends No Action in Response to Unsolicited Offer
8/22/2007Sets Special Meeting Date
8/9/2007Continues to Protect Shareholders from Creeping Takeover Att...
8/2/2007Site Progress Update
7/18/2007Announces Concentrator Commissioning
7/17/2007Clarifies Interest Capitalization on Unsecured Subordinated ...
6/28/2007Change in Shareholdings
6/7/2007Board Change
5/22/2007Site Update from Katanga Mining Limited (KAT.TO)
5/18/2007Focused on Growth Strategy
5/15/2007Clarification Statement
5/10/2007Enacts Shareholder Rights Plan to Prevent Creeping Takeover
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TORONTO (KAT.TO)Other OTC (KATFF)
0.470-7.84%0.470+6.82%
TORONTO
CA$ 0.470
07/30 15:59 -0.040
-7.84%
Prev close Open
0.510 0.470
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0.460 0.500
Year l/h YTD var.
0.390 -  0.540 4.44%
52 week l/h 52 week var.
0.370 -  0.610 -22.95%
Volume 1 month var.
115,924 14.63%
24hGold TrendPower© : 28
Produces Cobalt - Copper
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