Katanga and Nikanor Operations Integrated

LONDON, UNITED KINGDOM, Jan 22 (MARKET WIRE) --
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.

Contacts:
Katanga Mining Limited
Arthur H. Ditto
President & Chief Executive Officer
+44 (0)20 7440 5824

Katanga Mining Limited
Anu Dhir
Vice President, Corporate Development
+44 (0)20 7440 5822
Website: www.katangamining.com

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