media: mining review , page-4

Thanks - I just found that one also. Please find below unedited copy of story with David Young. Makes for good reading.

Tiger Resources Ltd., which plans to start producing copper in Democratic Republic of Congo next year, will begin trading its stock on the Toronto Stock Exchange in March, said Managing Director David Young.

ʽʼOne of the real drivers for us is that we want to move into production in 2009 and this will give us a much larger pool of investors,ʼʼ Young said yesterday in a phone interview from Lubumbashi, the capital of Congoʼs Katanga province, where Tigerʼs flagship Kipoi project is.

Tiger is following in the footsteps of a string of other Australian miners, such as First Quantum Minerals Ltd., whose stock has thrived since they listed it on the TSX to benefit from North American interest in Congoʼs minerals sector.

ʽʼItʼs a proven supporter of operations in the Congo,ʼʼ Young said.

Booming metal prices have attracted international miners such as Freeport McMoRan Copper & Gold Inc., the second biggest copper miner in the world, and BHP Billiton, the worldʼs largest mining company, to the Central African country. Congo hopes mining revenue will help rebuild an economy spoiled by two civil wars between 1996 and 2003 in which 4 million people died.

The Perth-based company will not sell any new shares in the compliance listing, which is being managed by Hayward Securities. ʽʼWe are not looking at this stage to raise any funds,ʼʼ Young said. Tiger is currently listed on the Australian and Frankfurt stock exchanges.

ʽʼIt provides an opportunity for the Canadian investors whoʼve already taken positions in Tiger to trade on the TSX,ʼʼ Young said.

Tigerʼs Kipoi project in southern Congo is ʽʼdeveloping wellʼʼ, Young said. ʽʼWe believe if there is either a stabilising or a drop-off in the copper prices we will still have a very comfortable operation,ʼʼ he said.

ʽʼWe have received significant support from investment groups and have been encouraged to go ahead with the listing,ʼʼ Young said after meetings with investment groups in Vancouver and Toronto late last year.

Tiger plans to build a $100-million Heavy Media Separator which can produce 30,000 metric tons of blister copper per year. In the second stage, Tiger will develop a plant which can produce 35,000 tons of Grade A copper a year.

Tigerʼs Joint Ore Reserves Committee study, an independent reporting standard used in the Australian mining industry, which was conducted by Perth-based Cube Consulting, will be available in early February, Young said. A definitive feasibility study will be ready by the end of June.

Miners in Congo are awaiting the results of a review of over 60 mining contracts, which seeks to improve transparency and increase state revenue from the mineral sector.

ʽʼWe were told by the government that we shouldnʼt expect any problems in the final report,ʼʼ Young said. ʽʼWe hope thatʼs correct, because our shares have been quite badly hit and have been downgraded because of the investor uncertainty as to what will happen in the review process. This will restore investor confidence in Congo.ʼʼ