Katanga Mining (TSX:KAT)
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2 Months : From Jun 2019 to Aug 2019
ZUG, Switzerland, June 27, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announced that its 75%-owned subsidiary, Kamoto Copper Company (KCC), has observed a growing presence of illegal artisanal miners throughout its industrial mining concessions in the Kolwezi area. This has led to daily intrusions onto its concession by on average 2,000 illegal artisanal miners per day. This has presented a significant risk to its employees, operating equipment and the illegal artisanal miners themselves.
Tragically there were 19 fatalities today, with possible further unconfirmed fatalities. The illegal artisanal miners were working two galleries in benches overlooking the extraction area. Two of these galleries caved in. These incidents were not linked to KCC operations or activities. KCC is currently engaged in assisting search and rescue operations with the local authorities.
KCC urges all illegal miners to cease from putting their lives at risk by trespassing on a major industrial site. KCC is doing what it can to inform the communities of the dangers associated with illegal trespassing on major industrial concessions.
The safety and security of its employees, contractors and host communities is of paramount importance to KCC. KCC will take all possible measures to ensure their safety and will continue to engage with all relevant stakeholders.
KCC is committed to acting responsibly in a manner that respects human rights and in line with its commitments to the Voluntary Principles on Security and Human Rights.
The incident has not had an impact on production.
About Katanga Mining Limited
Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The Company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.
Forward Looking Statements
This press release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Although Katanga has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward- looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.
SOURCE Katanga Mining Limited