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Katanga Mining ( This is not good at all

There's nothing pleasant about relaying this sort of news. IKN sends its best wishes to the families of the seven missing people.

ZUG, Switzerland , March 8, 2016 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces that at 06.00 local time on 8 March 2016 , a geotechnical failure was experienced on the north wall of the KOV open pit mine at Katanga's operation in the DRC.  Seven persons who were believed to have been working in the vicinity of the failure are currently unaccounted for.  In addition, an unknown amount of damage to the dewatering infrastructure in the pit is expected to have occurred.  KCC has mobilized its search and rescue team and the process of locating the unaccounted for personnel is in progress, as well as an assessment of the damage and recoverability of the affected infrastructure.  Mine operations are currently suspended. The families of the missing workers are in the process of being contacted and will be offered full support. All relevant authorities have been informed and KCC is working closely with them. Further updates will be issued as appropriate.