Katanga Project Update and 2Q 2008 Financials

LONDON, UNITED KINGDOM--(Marketwire - Aug. 12, 2008) - Katanga Mining Limited (TSX:KAT) ("Katanga" or the "Company") today gives a project update and announces its financial results for the quarter ending June 30, 2008. Highlights - Copper cathode production during the quarter of 5,314 tonnes; cobalt metal production of 120 tonnes after production began on May 3; and production of 13,463 tonnes of concentrate. - For accounting purposes, commercial production at Kamoto Copper Company ("KCC") commenced June 1, 2008. - Total net sales for the quarter of US$48.9 million comprising $19.5 million from copper, $2.6 million from cobalt and $26.8 million from concentrate sales. - Net loss for the quarter of US$9.9 million (US$0.05 per share), compared with a net loss for the second quarter of 2007 of US$14.0 million (US$0.18 per... [read full story]