Katanga Mining Limited announced production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company mined a record 2,224,963 tonnes of ore, a 42% increase over the three months ended September 30, 2013, at a grade of 3.65% resulting in contained copper in ore mined of 81,154 tonnes.

During the nine months ended September 30, 2014, the company mined 5,569,871 tonnes of ore, a 19% increase over the nine months ended September 30, 2013, at a grade of 3.81% resulting in contained copper in ore mined of 212,135 tonnes.

During the fourth quarter of 2014: Operational ramp up is expected to continue with: the expected completion of the Phase 5 project; identified operational improvements expected to lead to higher metal recovery rates; and additional steps to mitigate ongoing power issues, all expected to lead to reductions in C1 costs as a result of increased volume; KOV fleet dispatch tracking system will be deployed and is expected to increase control over tracking and dispatch of open pit mobile equipment; A slurry analyzer will be installed at KTC which is expected to assist in rapid determination of the mineral composition of the slurry before floatation, allowing a more precise and optimal reagent mix. Additional pregnant leach solution and raffinate ponds are to be added to the current process flow at Luilu, in order to split the ponds into high and low grade solution which is expected to drive higher recoveries and lower reagent consumption in the leach and neutralization phase; A new oxide concentrate transfer system from KTC to Luilu is planned to be installed which will assist with the anticipated increased oxide concentrate volumes from CM5, which is also scheduled to be commissioned during fourth quarter of 2014; A new tailings transfer system from KTC to Mupine tailings dam is planned to be installed, similarly to assist with the anticipated increased tailings material produced from the increased flotation volumes; and Seven and ten megawatt diesel cogeneration plants are expected to be commissioned, adding a further 17 megawatts to the system, bringing total internal generating and back-up capacity to 27 megawatts and resulting in decreased electricity availability issues.