Mine Fleet Order

RNS Number:6644A
Nikanor Plc
23 July 2007



NIKANOR PLACES $130 MILLION MINE FLEET ORDER



AIM listed Nikanor PLC (LSE: NKR) announces the placement of a major $130
million order for the supply of mining equipment and support vehicles to its
world class copper and cobalt mining operations based in the Democratic Republic
of Congo (DRC).



The order has been placed with Congo Equipment, the Caterpillar dealer in
Katanga, and covers primary mining equipment including face shovels and haul
trucks as well as support vehicles for the KOV mine.  Caterpillar and O&K will
supply the equipment, with the first haul trucks and shovels to be delivered  in
mid-2008.  In total, the order constitutes 53 pieces of equipment.



Jonathan Leslie, Executive Chairman of Nikanor, commented:



"Our project in the DRC is gathering momentum and this mine fleet order
represents an important step towards the startup of the KOV mine in 2009.  We
are pleased to be working with Congo Equipment which is a joint venture between
Tractafric and Barloworld Equipment, both of whom have a long history of
successful operation in Africa."







For further information, please contact:



Nikanor PLC                                               +44 (0)20 7529 5800

Richard Boorman, Head of Investor Relations



Citigate Dewe Rogerson                                    +44 (0)20 7638 9571

Kate Delahunty

George Cazenove



JPMorgan Cazenove                                         +44 (0)20 7588 2828

Robert Stafler




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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCDGGZNVFZGNZG

Nikanor (LSE:NKR)
過去株価チャート
から 5 2024 まで 6 2024