Katanga Mining Reports 2012 Production Results

Katanga Mining Limited (TSX:KAT) reported their 2012 year end production results.

As quoted in the press release:

On December 20, 2012, the Company announced the successful production of the first copper cathodes from the newly commissioned facilities as part of the Updated Phase 4 Expansion programme.  The new facilities include the first Solvent Extraction (“SX”) train with an annual capacity of 100,000 tonnes of copper and the first 144 Electro-Winning (“EW”) cells with an annual capacity of 40,000 tonnes of copper.  In addition, the Company announced that the new convertor, as part of the World Bank power project, and the new synchronous condenser, as part of the refurbishment of the DRC’s power systems, were commissioned and in use as of December 17, 2012.  This equipment helps to increase and stabilise power capacity in the region. With the installed convertor and synchronous condenser, the DRC electricity provider, La Société Nationale d’Electricité (“SNEL”) is in a position to increase electricity transmission from the Inga power plant, therefore improving the reliability of supply to the Company’s operations.

To view the whole press release, click here.