New monthly development record also achieved, with an advancement of more than 3,000 metres Detailed monthly progress update expected on April 6 Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that the Kamoa-Kakula Copper Project in the Democratic Republic of Congo has mined and stockpiled a record number of tonnes of copper ore during the month of March. The project also set a new [...]
US$575 million funding positions Ivanhoe and joint-venture partners to fast-track additional hydropower upgrades to provide sufficient clean and renewable electricity for Kamoa-Kakula expansions to 19 million tonnes of ore per annum and beyond, including a smelter Funding also allows for expansion and acceleration of the Western Foreland exploration program, in pursuit of the next world-scale copper discovery Ivanhoe [...]
Ivanhoe Mines today announced the closing of its previously announced private placement offering of US$575,000,000 aggregate principal amount of 2.50% convertible senior notes due 2026 , which includes the exercise in full of the initial purchasers' option to purchase up to an additional US$75,000,000 aggregate principal amount of Notes. Executive Co-Chairman of the company, Robert Friedland, commented, "We received [...]
Ivanhoe Mines today announced that the initial purchasers in its previously announced private placement offering of US$500,000,000 aggregate principal amount of 2.50% convertible senior notes due 2026 have exercised, in full, their option to purchase up to an additional US$75,000,000 aggregate principal amount of Notes, bringing the total Offering size to US$575,000,000. The Offering, including the additional Notes, is [...]
Ivanhoe Mines today announced that it has priced its previously announced private placement offering of US$500,000,000 aggregate principal amount of 2.50% convertible senior notes due 2026 . The company also granted the initial purchasers of the Notes an option to purchase up to an additional US$75,000,000 aggregate principal amount of Notes, exercisable in whole or in part at any time until 13 days after the closing of [...]
Ivanhoe Mines today announced that it has commenced a private placement offering of US$500,000,000 aggregate principal amount of convertible senior notes due 2026 . The company intends to grant the initial purchasers of the Notes an option to purchase up to an additional US$75,000,000 aggregate principal amount of Notes, exercisable in whole or in part at any time until 13 days after the closing of the Offering. The Notes [...]
Phase 1 construction at the 3.8-Mtpa Kakula Copper Minein D.R. Congo approximately 80% complete;commissioning of concentrator plant now underway,with initial production on track for July 2021 Kamoa-Kakula's pre-production ore stockpiles hold more than 2.16 million tonnes grading 4.44% copper, containing more than 95,000 tonnes of copper Kakula's Phase 2 expansion, scheduled for Q3 2022, will double concentrator throughput [...]
Ivanhoe Mines is pleased to invite shareholders, investors and stakeholders to view a new virtual site tour video that was prepared as part of the company's participation in BMO Capital Markets' annual Global Metals & Mining Conference. The video features members of the talented, multinational team that is rapidly constructing the tier-one Kamoa-Kakula Copper Mine in the Democratic Republic of Congo . The high-resolution [...]
Volume of ore from underground mining now exceeding steady-state monthly requirements of the Phase 1, 3.8-Mtpa concentrator Pre-production ore stockpiles now hold 2.16 million tonnes grading 4.44% copper, containing more than 95,000 tonnes of copper Major conveyor belt changeover to permanent configuration completed in February, with underground ore now directly delivered to the surface stockpile Overall progress of [...]
Non-binding term sheet signed with Orion Mine Finance for US$300 million streaming facility Societe Generale and Nedbank appointed as mandated lead arrangers for a senior project debt facility of up to US$120 million Detailed engineering underway on mine design, 770-ktpa concentrator and associated infrastructure for Platreef's phased development plan, which is expected to be incorporated into an updated feasibility study [...]
Ivanhoe now holds 175 kilometres of strike in the highly-prospective Western Foreland district that hosts the prolific Kamoa and Kakula copper deposits, the first discoveries within this previously unrecognized region of the Central African Copperbelt New assay results confirm strike extension of Kamoa North high-grade copper trend for at least 800 metres on Ivanhoe's 100%-owned Kiala Discovery, including copper grades up [...]
Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines , today extend their congratulations to Felix Tshisekedi, President of the Democratic Republic of Congo, on his appointment as the new Chairperson of the African Union for 2021. President Tshisekedi takes over the position from Cyril Matamela Ramaphosa, President of the Republic of South Africa, who has concluded his one-year term as Chairperson. The [...]
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