Katanga Mining Limited

News and Blogs

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Katanga Mining "buy," target price reduce

www.newratings.com

NEW YORK, March 13 (newratings.com) - Analysts at UBS maintain their "buy" rating on Katanga Mining Ltd (ticker: 31K). The target price has been reduced from C$25 to C$21. [more]

http://www.newratings.com/main/company_headline.m?section=company&option=headline&id=1713755

Bloomberg.com: Investment Tools

RNS Number:5068M Nikanor Plc 24 January 2008 Changes to the Board Nikanor PLC (LSE: NKR, "Nikanor") announces changes to its board of directors, in connection with its merger with Katanga Mining Limited ("Katanga").

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=KAT:CN&sid=aKzWp5h2a2XE

Katanga Mining "sector outperform," target price reduced

www.newratings.com

NEW YORK, May 15 (newratings.com) - Analysts at Haywood Securities maintain their "sector outperform" rating on Katanga Mining Ltd (ticker: KAT-T). The target price has been reduced from C$22.50 to C$18.75. [more]

http://www.newratings.com/en/main/company_headline.m?id=1747033

Web Sites

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MiningWatch > Kinross Gold and Katanga Mining: Part of the Pillage of the Democratic Republic of

Home » Country » International » Africa » Congo - Democratic... » Kinross Gold and Katanga Mining: Part of the Pillage of the Democratic Republic of Congo?

http://www.miningwatch.ca/index.php?/Congo_DR/Kamoto_JV

www.miningmx.com | radio Katanga Mining protecting shareholders - Arthur Ditto, CEO, Katanga

[miningmx.com] -- KATANGA Mining was taking "necessary steps" to protect its shareholders, said CEO Arthur Ditto amid signs that it was under attack from Central African Mining & Exploration Company (Camec).

http://www.miningmx.com/radio/849787.htm

Katanga Mining Ltd. - Analyst News | newratings.com

Copyright © 2002 - 2008 newratings.com GmbH | Legal | Licensing Quote data provided by IS.eFinance Solutions (powered by IS.Teledata AG) using StandardPoor's ComStock Inc. and others. Delay times are 15 mins for European exchanges and NASDAQ, 20 mins for NYSE and AMEX.

http://www.newratings.com/headlines/Katanga-Mining-Ltd-_BMG5221G1096.html

Katanga Mining Limited - KAT Toronto ON CAN

Through an intelligent mapping environment, Intierra combines geotechnical and land tenure information with the Minmet Financial Markets service – a detailed, near real-time, company and project database, sourced from global stockmarket feeds.

http://www.intierra.com/html/companies/Katanga%20Mining%20Limited.htm

 

Katanga Mining Announces Intended Resignation of CEO - Zibb.com

Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") announces that Arthur Ditto has tendered his resignation as President and Chief Executive Officer of Katanga for personal reasons, effective July 10, 2008. Mr. Ditto has offered to continue in his role beyond this date in order to assist the Board with an orderly transition of responsibility to a new CEO.

Pursuant to the Merger Implementation Agreement, Glencore Finance (Bermuda) Limited ("Glencore"), a major shareholder in the Company, has the right to nominate a replacement CEO for the Katanga Board of Directors' consideration upon acceptance of Mr. Ditto's resignation.

The Board has been informed that Glencore has identified a prospective candidate to replace Mr. Ditto who will be considered by the Nomination Committee prior to the Board's final decision. A further announcement shall be made in due course.

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

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, with a targeted annual output of over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt by 2011. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Contacts:
Katanga Mining Limited
Hugh Stoyell
Non-Executive Chairman
+44 (0)20 7440 5800

Katanga Mining Limited
Gavin Wood
Analyst, Corporate Development
+44 (0)20 7440 5800

Katanga Mining Limited
Tiffany Carlsen
Communications Manager
+44 (0)20 7440 5800
Website: www.katangamining.com

Media:
Citigate Dewe Rogerson (UK)
Lindsay Noton
+44 (0)20 7638 9571

Fleishman-Hillard (North America)
Caroline Spivak
(416) 645-8185


SOURCE: Katanga Mining Limited

http://www.katangamining.com

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Tags: africa   bermuda   ceo   communications   congo   copper   corporate   executive   finance   media   mining   north america   president   resignation  

Companies: Katanga Mining Ltd (KAT), Katanga Mining Ltd (KATFF)

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Katanga Project Update & 2Q Financials Conference Call On August 12 - Zibb.com

Katanga Mining Limited (TSX: KAT) ("Katanga") announces that it will hold a conference call and webcast at 8.30am Eastern Time (Toronto) / 1.30pm BST (London) on August 12, 2008 to provide a project update and discuss its second quarter financials.

The call will be hosted by Arthur Ditto, President and Chief Executive Officer, and Stephen Jones, Senior Vice President and Chief Financial Officer. Senior site personnel will be available for questions.

Details of how to access the call and webcast are below. A news release, slide presentation and financial statements will be available on Katanga's website, www.katangamining.com, prior to the call.

Conference call/webcast details:
Date:       August 12, 2008
Time:       8.30am Eastern Time (Toronto) / 1.30pm BST (London)
Dial in:    1800 608 0547 (Canada Free Call)
            0808 109 0700 (UK Free Call)
            1866 966 5335 (USA Free Call)
            +44 203 003 2666  (Standard International)
ID:         Katanga Mining Limited (please quote this when dialing in)
Webcast:    An audio webcast with slide presentation will be available at
             the following link:
             http://services.choruscall.eu/links/katanga080812.html

Replay details:

The call will be available for replay until midnight on August 18, 2008 at the following number: +44 (0) 208 196 1998 (International Access Number), 6736718 Replay PIN Number. The webcast will be archived at the same location as above for six months.

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

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, with a targeted annual output of over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt by 2011. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Contacts:
Katanga Mining Limited
Arthur H. Ditto
President & Chief Executive Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Tiffany Carlsen
Communications Manager
+44 (0)20 7440 5800
Website: www.katangamining.com


SOURCE: Katanga Mining Limited

http://www.katangamining.com

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Tags: africa   canada   ceo   communications   conference   congo   copper   london   mining   president   toronto  

Companies: Katanga Mining Ltd (KAT), Katanga Mining Ltd (KATFF)

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Katanga Mining Limited: Interest Payment on Katanga Notes - Zibb.com

Katanga Mining Limited (TSX: KAT)("Katanga") announced today that the semi-annual interest payment on its outstanding 14% unsecured subordinated notes (the "Notes") due November 30, 2013 will be made on or about July 2, 2008 to noteholders of record on June 17, 2008 (the "Record Date"). Holders of Notes on the Record Date will receive a cash payment of CDN$69.81 for every CDN$1,000 principal amount of Notes held.

At the close of business on June 11, 2008, Katanga had an aggregate of CDN$124,835,950 principal amount of Notes issued and outstanding.

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

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, with a targeted annual output of over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt by 2011. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Contacts:
Katanga Mining Limited
Arthur H. Ditto
President & Chief Executive Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Steve Jones
Chief Financial Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Anu Dhir
Vice President, Corporate Development
+44 (0)20 7440 5800
Website: www.katangamining.com

Media:
Citigate Dewe Rogerson (UK)
Kate Delahunty/George Cazenove
+44 (0)20 7638 9571

Fleishman-Hillard (North America)
Caroline Spivak
(416) 645-8185


SOURCE: Katanga Mining Limited

http://www.katangamining.com

Read more...

Tags: africa   business   ceo   congo   copper   corporate   media   mining   north america   president  

Companies: Katanga Mining Ltd (KAT), Katanga Mining Ltd (KATFF)

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Katanga and Gecamines Sign Memorandum of Understanding - Zibb.com

Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") reports the signing of a Memorandum of Understanding (MoU) with its joint venture (JV) partner Gecamines that will be the basis for amending the Kamoto Copper Company (KCC) Joint Venture Agreement to incorporate provisions of the February 7, 2008 Agreement releasing the Dikuluwe and Mashamba West Deposits; merging the DRC Copper and Cobalt Project (DCP) and Kamoto Copper Company (KCC) joint ventures; and addressing requirements of the DRC Government resulting from the review of mining partnerships with Gecamines.

Key provisions are:

1. 75% of the share capital of the merged JV is allocated to Katanga's wholly owned subsidiaries KFL Limited and GEC and 25% to Gecamines; consistent with each of the existing joint venture agreements.

2. Share capital of the merged JV will be increased from US$1,000,000 to US$100,000,000.

3. Upon implementation of the merged JV, 5% of all additional joint venture funding until the project reaches 150,000 tonnes of copper output per year will be non-interest bearing and the remaining 95% will bear interest at a rate not greater than LIBOR plus 3%.

4. The royalty rate for equipment and facilities provided by Gecamines as well as for ore reserve depletion will increase from 1.5% to 2.5% of net revenues.

5. The first cash payment to Gecamines for transfer of mining rights under article 4.3 of the February 7, 2008 Agreement is US$5,000,000 and will be made on implementation of the merged JV.

6. The Board of KCC will be increased to eight members, three of whom will be appointed by Gecamines, and KCC will assume day-to-day management of the merged JV's operations within 12 months from the date of this MoU. This will result in the elimination of the current operating agreement with Kamoto Operating Limited.

These changes, together with provisions of the February 7, 2008 MoU, will be integrated into the merged JV document that will preserve existing relevant terms and provisions of the DCP and KCC joint ventures.

Arthur Ditto, President and CEO of Katanga stated: "I am very pleased that this MoU addresses outstanding matters affecting joint venture business, including Government requirements from the mining review, and that we can deal with everything in one merged joint venture agreement. We look forward to a closer working relationship with Gecamines and getting the full financial and operating synergy that merging the two joint ventures will bring for the benefit of everyone."

Mr. Paul Fortin, Director General of Gecamines also noted: "This joint venture is very important to Gecamines and to the economy of the DRC, and we believe the MoU provides a positive framework for its future success."

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

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, with a targeted annual output of over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt by 2011. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Contacts:
Katanga Mining Limited
Arthur H. Ditto
President & Chief Executive Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Stephen Jones
Senior Vice President & Chief Financial Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Tiffany Carlsen
Communications Manager
+44 (0)20 7440 5800
Website: www.katangamining.com

Media:
Citigate Dewe Rogerson (UK)
George Cazenove
+44 (0)20 7638 9571

Fleishman-Hillard (North America)
Caroline Spivak
(416) 645-8185


SOURCE: Katanga Mining Limited

http://www.katangamining.com

Read more...

Tags: africa   business   ceo   communications   congo   copper   government   joint venture   media   merger   mining   north america   president  

Companies: Katanga Mining Ltd (KAT), Katanga Mining Ltd (KATFF)

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