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Nikanor Places $130 Million Mine Fleet Order

Tuesday, July 24th, 2007

AIM listed Nikanor PLC 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.”

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