Kolwezi Concentrator Update

November 21, 2008

LONDON, UK November 21, 2008 – Katanga Mining Limited (TSX – KAT) (“Katanga” or the “Company”) confirms that, given the depressed price of cobalt, the Company has temporarily suspended mining operations at the Tilwezembe open pit and ore processing at the Kolwezi Concentrator. Thus, the Company will not be producing cobalt concentrate.

  • The Company has significant cobalt concentrate inventory which it expects to sell during the fourth quarter of 2008. Therefore, revenues from cobalt concentrate sales for 2008 will not be adversely impacted by the shutdown.
  • The Company will continue to focus on its mining operations at the Kamoto Underground Mine, the T-17 open pit and the Kamoto Concentrator.
  • Stocks of copper concentrate continue to be accumulated at the Luilu metallurgical plant for processing at Luilu at a later date.


Steven Isaacs, Interim CEO, Katanga Mining Limited said:

“Given the current market price of cobalt, we have temporarily suspended mining operations at the Tilwezembe open pit and ore processing at the Kolwezi Concentrator until it becomes economically viable.”

For further information contact:

Anu Dhir
VP, Corporate Development
Tel: +44 (0)20 7440 5800

Ben Lyons
Director, Investor Relations
Tel: +44 (0)7947 916 766

Nigel O'Connor
Manager Communications
Tel: +44 (0)20 7440 5800


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.

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