Kamoa-Kakula copper joint venture in the Democratic Republic of Congo sold 53,165 tonnes of payable copper and recognized revenue of $488.5 million in Q4 2021 Kamoa-Kakula recorded operating profit of $198.9 million and an EBITDA of $357.6 million for the fourth quarter Kamoa-Kakula's cost of sales total $1.12 per pound of payable copper in Q4 2021, with C1 cash costs of $1.28 per pound Kamoa-Kakula's Phase 2 expansion on [...]
Ivanhoe Mines announced today that the company has filed a new National Instrument 43-101 technical report covering the planned resumption of commercial production at the Kipushi Mine in the Democratic Republic of Congo. The updated NI 43-101 technical report includes an independent feasibility study for the redevelopment of the Kipushi Mine and the mining of Kipushi's zinc-rich Big Zinc and Southern Zinc zones, with an [...]
Platreef ranks as world's largest precious metals deposit under development Phase 1 mine in construction, advancing towards first production in Q3 2024 2022 Feasibility Study yields an after-tax NPV8% of US$1.7 billion and IRR of 18.5% at long-term consensus metal prices After-tax NPV8% of US$4.1 billion and IRR of 29.3% at current spot metal prices Shaft 2 accelerated to 2027, advancing Phase 2 expansion with annual [...]
Kamoa Copper continues to bolster senior leadership team with appointment of Zhang "Frank" Xingxun as Executive Director Ivanhoe Mines President, Marna Cloete, announced today that Riaan Vermeulen has been appointed as Kamoa Copper's new Managing Director, effective June 1, 2022. Riaan Vermeulen To view an enhanced version of this photo, please visit [...]
Copper production from the first Kamoa Copper's two phases projected to exceed 450,000 tonnes per year by Q2 2023, positioning Kamoa Copper as the world's fourth largest copper producer Construction of Kamoa-Kakula's Phase 2 concentrator almost complete and early-stage commissioning activities underway; first concentrate production expected in April 2022 Engineering and early works for the Phase 3 expansion progressing [...]
Kipushi 2022 feasibility study highlights outstanding economic results from planned rebirth of the historic Kipushi Mine, with two-year development timeline Kipushi will be the world's highest-grade major zinc mine, with average grade of 36.4% zinc over the first five years Life-of-mine average annual zinc production of 240,000 tonnes with C1 cash costs of US$0.65/lb of payable zinc After-tax NPV8% of US$941 million and [...]
Ivanhoe Mines will report its Q4 2021 financial results before market open on Tuesday, March 8, 2022. The company will hold an investor conference call to discuss the Q4 2021 financial results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same day. The conference call dial-in is +1-647-484-0475 or toll free 1-888-220-8451, quote "Ivanhoe Mines Q4 2021 Financial Results" if requested. Media are invited to [...]
Dedicated engineering team appointed with goal of boosting combined Phase 1 and Phase 2 copper production up to 450,000 tonnes per annum Mark Farren, Chief Executive Officer of Kamoa Copper, to retire following the commissioning of Phase 2 Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced that Kamoa-Kakula's Phase 2, 3.8-million-tonne-per-annum concentrator plant is expected to be 93% complete by [...]
2022 production guidance of between 290,000 to 340,000 tonnes of copper in concentrate Kamoa Copper produced 105,884 tonnes of copper in concentrate in 2021, exceeding the upper end of the guidance range, reflecting outstanding ramp-up of the Phase 1 operation Record monthly production of 18,853 tonnes achieved in December, with plant recovery averaging 88.5% Phase 2 expansion now 80% complete, expected to start [...]
Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced that the company plans to issue the 2021 year-end production results, as well as production and cost guidance for 2022, for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo on Monday January 10, 2022. The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines , Zijin Mining Group , Crystal River Global Limited and [...]
2021 copper production and 2022 guidance to be published in January 2022 Phase 2 remains on track for early start-up in Q2 2022 Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that Kamoa-Kakula's Phase 1, 3.8 million-tonne-per-annum concentrator plant in the Democratic Republic of Congo has exceeded the upper end of annual copper production guidance with more than 100,000 tonnes of [...]
Record copper production in November tops 18,270 tonnes, bringing year-to-date production to more than 87,000 tonnes as at November 30, 2021 Earthworks commenced for a new box cut to access Phase 3 mining areas; Phase 3 concentrator targeted by end of 2024 Engineering for Kamoa Copper's direct-to-blister smelter underway; long-lead items for smelter to be ordered in Q2 2022 Mining crews deliver a record 548,000 tonnes of [...]
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