SNEL

Ivanhoe Mines Reports Record Quarterly Production of 103,786 Tonnes from Kamoa-Kakula Copper Complex for Q2 2023

Retrieved on: 
Wednesday, July 5, 2023
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The 2023 annual production guidance for Kamoa-Kakula is maintained at between 390,000 to 430,000 tonnes of copper in concentrate.

Key Points: 
  • The 2023 annual production guidance for Kamoa-Kakula is maintained at between 390,000 to 430,000 tonnes of copper in concentrate.
  • Kamoa-Kakula's Phase 1 and 2 concentrator plants set a quarterly production record of 103,786 tonnes of copper in concentrate for Q2 2023 following the early completion of the debottlenecking program in the first quarter.
  • To view an enhanced version of this graphic, please visit:
    Kamoa-Kakula reports record quarterly production of 103,786 tonnes of copper during the second quarter of 2023, compared with 93,603 tonnes of copper in the first quarter.
  • Also during the quarter, a weekly production record of 9,710 tonnes of copper in concentrate was achieved in late April.

Ivanhoe Mines Reports Q1 2023 Production of 93,603 Tonnes of Copper from Kamoa-Kakula Copper Complex

Retrieved on: 
Wednesday, April 5, 2023
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Ivanhoe Mines maintains its 2023 annual production guidance for Kamoa-Kakula at between 390,000 to 430,000 tonnes of copper in concentrate.

Key Points: 
  • Ivanhoe Mines maintains its 2023 annual production guidance for Kamoa-Kakula at between 390,000 to 430,000 tonnes of copper in concentrate.
  • Kamoa-Kakula produced 93,603 tonnes of copper during the first quarter of 2023, compared to 92,761 tonnes of copper in the fourth quarter of 2022.
  • The operation mined 2.0 million tonnes of ore grading 5.2% copper in Q1 2023, which was comprised of 1.8 million tonnes grading 5.6% copper from the Kakula mine, including 0.8 million tonnes grading 6.7% copper from the mine's high-grade centre.
  • Kamoa-Kakula's Phase 1 and 2 concentrators set a monthly production record of 34,915 tonnes of copper in concentrate during March 2023.

Ivanhoe Mines Provides 2022 Production Results and 2023 Production Guidance for the Kamoa-Kakula Mining Complex

Retrieved on: 
Monday, January 9, 2023
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Watch the video showcasing Kamoa-Kakula's 2022 operational highlights: https://vimeo.com/787287927/780de2f2b9

Key Points: 
  • Watch the video showcasing Kamoa-Kakula's 2022 operational highlights: https://vimeo.com/787287927/780de2f2b9
    Kamoa-Kakula's 2023 production guidance is based on several assumptions and estimates as of December 31, 2022, including among other things, assumptions about the timing for the completion of the debottlenecking program.
  • Guidance involves estimates of known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially.
  • For the full year of 2022, in line with the Kamoa-Kakula's upper end of guidance, 338,087 tonnes of contained copper were floated.
  • Mr. Gilchrist is not considered independent under NI 43-101 as he is the Vice President, Resources of Ivanhoe Mines.

Ivanhoe Mines Responds to The Sentry Report and Globe and Mail Article Impugning Ivanhoe's Business Conduct in the Democratic Republic of Congo

Retrieved on: 
Monday, December 19, 2022
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Both the Sentry report and the Globe and Mail article are rife with misleading content that selectively discloses supposed facts.

Key Points: 
  • Both the Sentry report and the Globe and Mail article are rife with misleading content that selectively discloses supposed facts.
  • This tactic has the effect of impugning Ivanhoe Mines' reputation, adversely impacting its business and negatively impacting public Canadian corporations operating internationally.
  • Ivanhoe Mines conducts its business in alignment with national and international laws, including in its partnering with DRC shareholders where required by law.
  • This could mislead readers into assuming that the Globe and Mail and Sentry reports cover all of Ivanhoe Mines' activities in the DRC.

Kamoa Copper Achieves Record Monthly Copper Production of 29,800 Tonnes

Retrieved on: 
Monday, June 6, 2022
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Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - June 6, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce today that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo has set a new monthly production record in May, with 29,800 tonnes of copper in concentrate produced.

Key Points: 
  • Figure 1: Monthly Kakula cumulative copper production - total production of approximately 220,000 tonnes copper from May 2021 to May 31, 2022.
  • In May, Kamoa-Kakula's record monthly production of 29,800 tonnes of copper in concentrate produced was achieved despite planned interruptions during the month.
  • Kamoa Copper anticipates the upward trend in production to continue over the near-term, as Phase 2 drives a production increase to an expected rate of more than 400,000 tonnes copper per year.
  • Copper production from the Kamoa Copper's first two phases is projected to exceed 450,000 tonnes per year by Q2 2023, positioning Kamoa Copper as the world's fourth largest copper producer.

Kamoa-Kakula Phase 1 Concentrator Mills Approximately 320,000 Tonnes of Ore Grading 6.0% Copper in September, Exceeding Steady-State Design Throughput

Retrieved on: 
Thursday, September 30, 2021
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The project's surface stockpiles now contain approximately 3.66 million tonnes of high-grade and medium-grade ore at an estimated, blended average of 4.73% copper.

Key Points: 
  • The project's surface stockpiles now contain approximately 3.66 million tonnes of high-grade and medium-grade ore at an estimated, blended average of 4.73% copper.
  • Contained copper in the stockpiles at the end of August now totals more than 173,000 tonnes (the current copper price is approximately US$9,200 per tonne).
  • Chart 2: Cumulative tonnes and grade of ore stockpiles at the Kakula and Kansoko mines - May 2020 to September 2021.
  • Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, while the Phase 2 expansion is forecast to increase production to approximately 400,000 tonnes of copper annually.

Kamoa Copper Extends Existing Financing Agreement with DRC's State-Owned Power Company to Facilitate the Upgrade of Turbine 5 at the Inga II Hydropower Complex

Retrieved on: 
Monday, August 16, 2021
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Kinshasa, Democratic Republic of Congo--(Newsfile Corp. - August 16, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that Ivanhoe Mines Energy DRC - a sister company of Kamoa Copper SA tasked with delivering reliable, clean, renewable hydropower to the Kamoa-Kakula Copper Mine - has extended its existing financing agreement under a public-private partnership with the Democratic Republic of Congo's state-owned power company, La Société Nationale d' Électricité (SNEL), to upgrade turbine 5, a major turbine in the existing Inga II hydropower facility on the Congo River.

Key Points: 
  • The extension of this financing agreement builds on the framework agreed in the memorandum of understanding signed with SNEL and announced in April 2021.
  • Mr. Friedland commented: "The Kamoa Copper management team continues to execute on our strategic plan to systematically expand Kamoa-Kakula into one of the world's largest and greenest copper producers.
  • The timely refurbishment of turbine 5 at the Inga II hydropower complex is instrumental in ensuring we meet the aggressive expansion goals we've set out to accomplish in the next few years."
  • The Inga II hydropower plant is located in the southwest of the DRC, on the Congo River.

Kamoa-Kakula Phase 1 Concentrator Plant Achieved Commercial Production On July 1, 2021

Retrieved on: 
Tuesday, August 3, 2021
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Once the optimization work is completed, Kamoa Copper will advance into a more detailed phase of design and engineering work with its objective to accelerate the Phase 3 concentrator expansion.

Key Points: 
  • Once the optimization work is completed, Kamoa Copper will advance into a more detailed phase of design and engineering work with its objective to accelerate the Phase 3 concentrator expansion.
  • The synchronization of this last unit to the grid is expected in August 2021.
  • An addendum to the existing Financing Agreement between SNEL and Kamoa-Kakula's Energy company is being finalized for signature.
  • Since June 2021, rehabilitation scoping works and technical visits have been conducted by Stucky of Stucky Ltd., of Renens, Switzerland, the Engineering, Procurement and Construction Management (EPCM) company.