Katanga Mining Limited (TSX:KAT) ("Katanga") announces that, with effect from
January 21, Katanga has assumed complete management and financial control of the
merged company.


Extensive planning has been under way since the merger was announced in
November. Integration teams from both Katanga and Nikanor have been working to
ensure the operations and management of the merged company are unified
successfully.


Katanga, through its Joint Ventures Kamoto Copper Company ("KCC") and DRC Copper
and Cobalt Project ("DCP"), now employs more than 3,000 people in the Democratic
Republic of Congo, with offices in Lubumbashi and Kolwezi. Katanga also has
offices in Johannesburg and London.


DCP is taking steps to make safety and performance-related improvements to the
Kolwezi Concentrator, which currently produces a copper-cobalt concentrate for
sale to the market. This work will necessitate a shutdown period, expected to be
less than a month. There are sufficient product stocks to continue shipments
during that period. In the meantime, production continues to increase in the
Kamoto complex.


At the same time, work will also be carried out to upgrade a section of road to
enable industrial traffic to bypass Kolwezi, thereby improving conditions in the
town.


Katanga Mining Limited operates a major mine complex in the Democratic Republic
of Congo. The company has the potential to become Africa's largest copper
producer and the world's largest cobalt producer, with a targeted annual output
approaching 400,000 tonnes of copper and 40,000 tonnes of cobalt by 2011.


Katanga is listed on the Toronto Stock Exchange under the symbol KAT.
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