NKR Nikanor

RNS Number:8034M
Nikanor Plc
29 January 2008



               Katanga Progresses Consolidation of Joint Ventures


Katanga Mining has made the following statement with respect to the integration
of its operations with Nikanor.

LONDON, UK January 29, 2008 - Katanga Mining Limited (TSX - KAT) ("Katanga")
reports that representatives of Kamoto Copper Company ("KCC") and DRC Copper and
Cobalt Project ("DCP"), the joint venture companies in which it holds a 75 per
cent interest, are today meeting in Lubumbashi with representatives of
Gecamines, its joint venture partner, on matters relating to consolidating the
DCP joint venture into KCC. Gecamines is a Democratic Republic of Congo
state-owned mining company.

The two existing joint venture agreements are nearly identical and it is
intended to include where necessary provisions of the DCP agreement as
amendments to the KCC agreement. No major changes to the terms are anticipated.
These negotiations contemplate the consolidation of the respective mining
concessions/licences into a single concession to be held directly by KCC.

As part of these negotiations, a transaction is contemplated whereby the
Dikuluwe and Mashamba West deposits in the southwest portion of the KCC
concession, which were scheduled for mining approximately 12 and 15 years from
now respectively, will be transferred to Gecamines. It is contemplated that any
transaction will be on commercial terms reflecting full value of the assets
transferred.



For further information, please contact:

Nikanor PLC                                                  +44 (0)20 7529 5800
Jonathan Leslie, Executive Chairman
Peter Sydney-Smith, Finance Director
Richard Boorman, Head of Investor Relations

JPMorgan Cazenove                                            +44 (0)20 7588 2828
Ian Hannam
Adam Brett
Joe Seifert

Citigate Dewe Rogerson                                       +44 (0)20 7638 9571
Kate Delahunty
George Cazenove



Notes to Editors

Nikanor is a mining group which owns assets in the heart of the African
copperbelt in the Democratic Republic of Congo. The group's key mine is KOV,
containing one of the world's largest high quality copper and cobalt ore bodies.
Nikanor is rehabilitating this proven and well documented brownfield site and
building a major state of the art refining plant to produce 250,000 tonnes per
year of LME A-grade copper cathode and 27,500 tonnes per year of cobalt
products.

Nikanor was admitted to the London Stock Exchange (AIM) on 17 July 2006.




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