London, England — MININGREVIEW.COM — 27 November 2008 – Katanga Mining Limited – which operates a large-scale copper-cobalt project with substantial high-grade mineral reserves and integrated metallurgical operations in the Democratic Republic of Congo (DRC) – has confirmed that production of copper and cobalt metal from its metallurgical facility in the DRC has been resumed.
Revealing this in a news release issued here, the company added that it would not be producing cobalt concentrate for the moment.
The release explained that, following an isolated fire incident in mid-November, a replacement transformer had been successfully fitted at the Luilu metallurgical facility, and production of copper and cobalt metal was underway again.
Interim Katanga CEO Steven Isaacs commented: “I am pleased to report that installation, repair and testing work was completed in less than two weeks, and copper and cobalt metal production have 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,” he added. “This meant that there was no disruption in copper sales and minimal disruption in cobalt sales.”