ECAs support Katanga mine project in Congo

(Reuters, London, 22 September 2008) - Katanga Mining Ltd does not expect the credit crisis to impede plans to raise $550 million to develop a new copper mine in Congo. "That facility is primarily ECA funded so this financial calamity ... really should not have much of an impact on the financing," Chief Financial Officer Stephen Jones said. Up to half of the funding is expected to come from South Africa's Export Credit Agency.