Congo Resources

[Berliner]

OKIMO: begun again production ...

of gold After several years of stop, the mines of the Office of the Gold mines of Kilo-Moto(OKIMO) took again life. Since May 2007, the OKIMO produced 3 kg of gold. In accordance with the temporary plan urgently elaborate on recommendation of the ministry for the Wallet, the office envisages to produce 5 kg of gold each month as from May 2007. To finance this emergency plan, the office resorted to postponed rents of leasing, that is to say 455.000 US dollars. This emergency plan is the prelude to the temporary plan of production planned for the second six-month period 2007 whose objective is to reach a production of more or less 100 gold kg/mois, to realize by the OKIMO, in North, within the framework of collaboration with

MOTOGOLDMINES

and, in the south, within the framework of collaboration with ASHANTI GOLDFIELD KILO.

MIBA: the stages of the recovery After the urgent measurements taken by the Government in May to ensure the revival of the activities, of the solutions on the long term were started. In the batch, the realization of one strategic and organisational audit of this company with, like essential tasks, to review the current organization of the company in order to make sure that it is suited and compatible with the attack of its missions and, in addition, to propose strategic orientations for the rectification of its activities. on five cabinets having subscribed to the invitation to tender on the strategic audit, the Ernst cabinet & Young were retained. The conclusions of this audit, awaited for the end of August, will be used as support of work for the contract of management whose call was launched to reformulate technical, financial and commercial management of the company and to set up a minimal plan of production which will ensure the survival of the company until its reorganization.

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