Kipushi

Ivanhoe Mines Announces MOU to Commence Exports of Concentrate from Kamoa-Kakula Copper Complex via Lobito Atlantic Rail Corridor

Retrieved on: 
Wednesday, August 16, 2023
Ivanhoe Mines, LAI, Mota-Engil, Kipushi, Transport, U.S. International Development Finance Corporation, CITIC, Consortium, RTNC, TSX, Safety, Pressure, Robert L. Sumwalt (U.S. government official), Carbon, Climate change, MOU, Tehsil Municipal Administration, Multilateralism, Metal, GHG, Movement, Republic, DFC, Democratic republic, Economic development, Excellency, Copper, Copperbelt, Rail freight transport, Rail transport, Rare-earth element, Mining, Typesetting, Trafigura, DRC, Atlantic Ocean

The rail line linking the DRC Copperbelt to the port of Lobito, Angola is known as the "Lobito Atlantic Railway Corridor" or "Lobito Corridor".

Key Points: 
  • The rail line linking the DRC Copperbelt to the port of Lobito, Angola is known as the "Lobito Atlantic Railway Corridor" or "Lobito Corridor".
  • There is also potential for additional investment in the future as the opportunity is explored to further extend the Lobito Corridor into Zambia.
  • Up to 10,000 tonnes of copper concentrate from Kamoa-Kakula to be exported from the port in Q4 2023.
  • The MOU is the first commercial agreement under the new concession for exporting metals from the DRC using the Lobito Atlantic Rail Corridor.

Ivanhoe Mines Pledges Net-zero Greenhouse Gas Emissions at the Kamoa-Kakula Copper Mine

Retrieved on: 
Wednesday, May 5, 2021
Copper mining in the Democratic Republic of the Congo, Ivanhoe Mines, Robert Friedland, Kipushi, Economy of Canada, Canadian people, Canada

Kamoa-Kakula aims to become the first net-zero carbon emitter among the top-tier copper mines by electrifying its mining fleet

Key Points: 
  • b'London, England--(Newsfile Corp. - May 5, 2021) - Robert Friedland, Ivanhoe Mines\xe2\x80\x99 Executive Co-Chair, announced today that Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the industry-leading Kamoa-Kakula Copper Mine in the Democratic Republic of Congo.\nMr.
  • Phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year.
  • Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world\'s lowest greenhouse gas emitters per unit of metal produced.
  • Ivanhoe also is exploring for new copper discoveries on its wholly-owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.\n'

Ivanhoe Mines Issues 2020 Full-Year Results and Review of Mine Construction Progress and Exploration Activities

Retrieved on: 
Monday, March 8, 2021
Copper mining in the Democratic Republic of the Congo, Ivanhoe Mines, Mining, National Instrument 43-101, Kipushi, Ivanhoe, Primary sector of the economy, Natural Resources

The draft feasibility study and development and financing plan for Kipushi are being reviewed by Ivanhoe Mines together with its partner Gcamines.

Key Points: 
  • The draft feasibility study and development and financing plan for Kipushi are being reviewed by Ivanhoe Mines together with its partner Gcamines.
  • Exploration activities at the Western Foreland area continued during Q4 2020 with the field season ending in mid-December.
  • Exploration and project expenditure amounted to $13.8 million in Q4 2020 and $3.7 million for the same period in 2019.
  • Mr. Gilchrist is not considered independent under NI 43-101 as he is the Vice President, Resources of Ivanhoe Mines.

DGAP-News: Management and Corporate Optimization Targets Company-wide Cash Savings of up to US$75 Million to Strengthen Its Treasury of Approximately US$600 Million

Retrieved on: 
Monday, April 27, 2020
Physical sciences, Chemistry, Geography of Africa, Kipushi, Democratic Republic of the Congo, Germanium, Copper mining in the Democratic Republic of the Congo

The board of directors has allocated a reduced 2020 budget of US$41.7 million for the Platreef Project.

Key Points: 
  • The board of directors has allocated a reduced 2020 budget of US$41.7 million for the Platreef Project.
  • In addition, the company also has modestly reduced activities at the historic Kipushi zinc-copper-lead-germanium mine in the DRC and allocated a 2020 budget of US$28.7 million.
  • Exploration activities on the Western Foreland's exploration project in DRC will continue with a budget of US$8 million.
  • The company will reduce its global office footprint and its corporate and senior management headcount, in addition to implementing several other company-wide, cash-saving measures.