announcement out, page-2

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www.kabokomining.com
ASX Announcement
27 January 2012
Company Announcements Office
Australian Securities Exchange
Level 6, 20 Bridge Street
SYDNEY NSW 2000
Via E Lodgement
TRIAL SHIPMENTS OF MANGANESE TO CHINA
NEW MINING EQUIPMENT ARRIVES ON SITE
Key points:
? Two trial shipments of 210 tonnes and 300 tonnes of high grade manganese ore loaded at the
port of Beira in Mozambique for shipment to major steel manufacturers in China
? Trial shipments despatched as part of the finalisation of a long-term off-take agreement for the
Company’s Zambian Manganese Projects
? Debt financing discussions linked with Letter of Credit to be provided by selected off-take
partner advancing and forecast to be finalised this quarter
? First of new mining equipment arrives on site with further equipment set to arrive later this
quarter
Zambian focused manganese exploration and mining company Kaboko Mining Limited (ASX:KAB)
(“Kaboko” or the “Company”) is pleased to announce that it has entered into agreements with major
Chinese steel manufacturers for a trial shipment of approx. 210 tonnes and 300 tonnes of high grade
manganese ore that has been loaded at the port of Beira in Mozambique and is being shipped to the ports of
Xinganag and Xiamen in China.
The trial shipments are being made prior to the establishment of a strategic long-term offtake agreement for
the sale of high quality, high grade exports of lump manganese ore to China.
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The trial shipments are to be used at the respective Chinese steel manufacturers’ furnaces in China. The
Company has had the trial shipments of ore sampled at its storage facilities at Kabwe in Zambia. The
sampling confirmed that the trial shipments have an average grade of approx. 59% manganese. The trial
shipments have been sold at a price based on BHP’s reference price (expressed in US$ DMTU (per dry
metric ton unit Mn content), CIF China basis.
The Company is also pleased to announce that following the wet season and the further mine optimisation
studies, the first of the new fleet of mining equipment for its Zambian Mining Projects has arrived on site. The
equipment will allow the Company to look to increase production at the Chowa Open Pit over the next two
quarters. Further equipment, comprising a further two articulated dump trucks are scheduled to arrive on site
in Zambia later this quarter.
In addition the Company is also pleased to advise that in parallel with its strategic long-term offtake
agreement discussions it has continued negotiations on a structured debt financing that is proposed to be
used to further advance its Zambian Manganese Projects. The finalisation of the debt financing and the
offtake agreements are targeted as key milestones for the Company to complete in the current quarter.
Yours faithfully
JASON BREWER
Executive Director
For further information please contact:
Investors/ shareholders
Jason Brewer
Executive Director
T: +61 8 9488 5220
E: [email protected]
W: www.kabokomining.com
Media
David Tasker
Professional Public Relations
T: +61 8 9388 0944