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Katanga Announces Appointment of New Director - Zibb.com

LONDON, UNITED KINGDOM, Nov 05, 2009 (MARKETWIRE via COMTEX) --

Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announced that its Board of Directors has appointed Cornelis Erasmus as a new director of the Company. Mr. Erasmus is the seventh member of Katanga's Board of Directors and was appointed for a term expiring at the next annual general meeting of shareholders of the Company in 2010.

Mr. Erasmus has been an executive with Glencore International AG, a leading privately held, diversified natural resources company since 1997. He also serves as a director of Mopani Copper Mines PLC and Philippine Associated Smelting and Refining Corporation.

"We are very pleased to have Cornelis Erasmus as a member of the Katanga Board," said Hugh Stoyell, Chairman of the Board. "His experience in mining in Africa and around the world will be of great benefit to the Board."

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.

Contacts:
Katanga Mining Limited
Steven Isaacs
Interim CEO
+44 (0) 207 440 5824

Katanga Mining Limited
Nick Brodie
CFO
+44 (0) 7983 447 775

SOURCE: Katanga Mining Limited

Katanga Mining acquires Kamoto Operating - Zibb.com

Sep 24, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Katanga Mining Limited, a UK-based company engaged in the acquisition, exploration, and development of mineral properties, has acquired the entire issued share capital of Kamoto Operating Limited (KOL), a Congo-based entity owned by Wayland Management SA and Tain Holdings Limited.

KOL is an operator of the assets of Kamoto Copper Company, a joint venture company formed to hold the Kamoto JV mineral reserves, mining, milling, hydrometallurgical facilities, and other assets.

Announcement (August 28, 2009):

Katanga has entered into a share purchase agreement to acquire KOL.

Under the terms of the agreement, Wayland and Tain have agreed to transfer the entire issued share capital of KOL to Katanga for consideration valued at $8.22 million, comprising of a cash payment of $1.6 million and the issue of 12 million common shares in Katanga.

Deal Value (US$ Million) 8.22
Deal Type                Acquisition
Sub-Category             100% Acquisition
Deal Status              Completed: 2009-09-23

Deal Participants

Target (Company)   Kamoto Operating Limited
Acquirer (Company) Katanga Mining Limited
Vendor 1 (Company) Tain Holdings Limited
Vendor 2 (Company) Wayland Management SA

Katanga Mining to acquire Kamoto Operating - Zibb.com

Aug 31, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Katanga Mining Limited, a UK-based company engaged in the acquisition, exploration, and development of mineral properties, has entered into a share purchase agreement to acquire Kamoto Operating Limited (KOL), a Congo-based entity owned by Wayland Management SA and Tain Holdings Limited.

KOL is an operator of the assets of Kamoto Copper Company, a joint venture company formed to hold the Kamoto JV mineral reserves, mining, milling, hydrometallurgical facilities, and other assets.

Deal Value (US$ Million) 8.22
Deal Type                Acquisition
Sub-Category             100% Acquisition
Deal Status              Announced: 2009-08-31

Deal Participants

Target (Company)   Kamoto Operating Limited
Acquirer (Company) Katanga Mining Limited
Vendor 1 (Company) Wayland Management SA
Vendor 2 (Company) Tain Holdings Limited

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

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