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Katanga Mining Ltd. (TSX:KAT) announced that as a result of an agreement with engineering contractors and the Democratic Republic of the Congo’s (DRC) national electricity company, it has secured enough power to meet the needs of its copper-cobalt mine in the DRC.
Katanga Mining Ltd. (TSX:KAT) announced that as a result of an agreement with engineering contractors and the Democratic Republic of the Congo’s (DRC) national electricity company, it has secured enough power to meet the needs of its copper-cobalt mine in the DRC.
As quoted in the press release:
The Company has concluded agreements with Société Nationale d’Électricité (“SNEL“), the DRC’s national electricity company, and engineering contractors to refurbish DRC power generating, transmission and distribution systems (the “Power Project“) that should progressively increase power available to Katanga’s mine complex and the nearby Mutanda and Kansuki projects owned by companies affiliated with Katanga’s parent company, Glencore International, to 450 MW by the end of 2015.
Click here to read the full Katanga Mining Ltd. (TSX:KAT) press release.
