Katanga Announces Termination of Remaining Relationship Agreements
Katanga Mining Limited a company operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt announced that the remaining relationship agreements that certain of Katanga’s major shareholders, including Glencore Finance (Bermuda) Limited, RP Explorer Master Fund, Cosaf Limited and Ruwenzori Limited, separately entered into with Katanga on January 21, 2008 in connection with Katanga’s acquisition of Nikanor Plc., have been terminated by agreement with immediate effect in light of the significantly changed circumstances since that date. These agreements provided such shareholders with certain appointment and nomination rights in respect of the officers and directors of Katanga. The Board remains as currently constituted.
