Katanga Mining Limited: Luilu Plant Resumes Copper and Cobalt Metal Production
Katanga Mining Limited confirms that, following an isolated fire incident in mid-November, a replacement transformer has been successfully fitted at the Luilu metallurgical facility and production of copper and cobalt metal from Luilu has now resumed.
Steven Isaacs, Interim CEO, Katanga Mining Limited said, “I am pleased to report that a replacement transformer has been successfully fitted at the Luilu Plant. Installation, repair and testing work was completed in less than two weeks and copper and cobalt metal production at Luilu has now been restored. Company revenues have not been adversely impacted in 2008 due to the immediate availability of finished metal inventories at the time of the incident which meant that there was no disruption in copper sales and minimal disruption in cobalt sales.”
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.
To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.
