Kipushi Mine

Ivanhoe Mines and Gécamines Agree on Off-Take and Financing Terms to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production

Retrieved on: 
Thursday, April 27, 2023
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"The off-take and financing milestones are critical deliverables that allow us to return Kipushi to production by the third quarter of next year.

Key Points: 
  • "The off-take and financing milestones are critical deliverables that allow us to return Kipushi to production by the third quarter of next year.
  • "In partnership with Gécamines, we are closing in on a monumental achievement to return the great Kipushi Mine to production.
  • KICO is 68% owned by Kipushi Holding, a wholly owned subsidiary of Ivanhoe Mines, and the remaining 32% of KICO is owned by Gécamines.
  • Back (L-R): Ludovic Monga Banza Kabongo, Deputy GM, Gécamines; Olivier Binyingo, SVP Public Affairs DRC, Ivanhoe Mines; Jack Masangu A Mwanza, Deputy GM, Gécamines; Stephane Cormier, Advisor, Gécamines.

Ivanhoe Mines Announces Capital Expenditure Guidance to First Production for Kamoa-Kakula Phase 3, Platreef (Phase 1) and Kipushi

Retrieved on: 
Tuesday, January 31, 2023
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Johannesburg, South Africa--(Newsfile Corp. - January 31, 2023) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden announced today capital expenditure (capex) guidance at Ivanhoe's three material properties for 2023 and 2024, as well as an update on financing activities. All capital expenditure figures are presented on a 100%-project basis.

Key Points: 
  • The 2024 capital expenditure guidance for Platreef and Kipushi excludes sustaining capital required in 2024 post-initial production.
  • Ivanhoe Mines' capex guidance is based on several assumptions and estimates as of January 31, 2023.
  • Guidance also involves estimates of known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially.
  • A recording of the call, together with supporting presentation slides, will be made available on Ivanhoe Mines' website at www.ivanhoemines.com .

Ivanhoe and Gécamines Host Ceremony Commemorating the Start of Construction Activities at the Historic Kipushi Mine

Retrieved on: 
Monday, September 12, 2022
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Kipushi, Democratic Republic Congo--(Newsfile Corp. - September 12, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete is pleased to announce that Kipushi Corporation SA (KICO), a joint venture between Ivanhoe and DRC state-owned mining company Gécamines, recently hosted a breaking-ground ceremony to commemorate the start of construction of the processing plant at the historic Kipushi zinc-copper-germanium-silver mine. In addition, Ivanhoe signed a memorandum of understanding (MOU) with the provincial government of Haut-Katanga to study options for upgrading the DRC-Zambia border crossing in the town of Kipushi for commercial imports and exports.

Key Points: 
  • The ceremony follows the outstanding results of the Kipushi 2022 Feasibility Study, announced in February 2022, as well as the agreement signed between Ivanhoe Mines and Gcamines to bring the Kipushi mine back into production.
  • This infrastructure also allows for a relatively short construction timeline of two years, with the principal development activities being the construction of a conventional concentrator facility and supporting infrastructure, together with the restart of mining activities underground.
  • The re-birth of the historic Kipushi Mine will be a great achievement for Ivanhoe Mines, our partners and shareholders, and the Democratic Republic of Congo."
  • Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Mining Complex.

Ivanhoe Mines Files a New NI 43-101 Technical Report for the Ultra-High-Grade Kipushi Mine in the DRC

Retrieved on: 
Friday, March 4, 2022
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Kipushi, Democratic Republic of Congo--(Newsfile Corp. - March 4, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the company has filed a new National Instrument 43-101 (NI 43-101) technical report covering the planned resumption of commercial production at the Kipushi Mine in the Democratic Republic of Congo.

Key Points: 
  • Kipushi, Democratic Republic of Congo--(Newsfile Corp. - March 4, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the company has filed a new National Instrument 43-101 (NI 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 (Kipushi 2022 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 estimated 11.8 million tonnes of Measured and Indicated Mineral Resources grading 35.3% zinc.
  • The Kipushi 2022 Feasibility Study was independently prepared on a 100%-project basis by OreWin Pty.
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Ivanhoe Mines and Gecamines Sign New Agreement to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production

Retrieved on: 
Monday, February 14, 2022
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Ivanhoe Mines has been a key partner in the Kipushi Project for over a decade and we appreciate their continued commitment to the project.

Key Points: 
  • Ivanhoe Mines has been a key partner in the Kipushi Project for over a decade and we appreciate their continued commitment to the project.
  • (L-R) Olivier Binyingo (Ivanhoe Mines Vice President Public Affairs DRC), Marna Cloete (Ivanhoe Mines President), Alphonse Kaputo Kalubi (Chairman of Gcamines), and Louis Watum (General Manager, Kipushi Corporation) discussing the Kipushi partnership during a recent visit to the Kamoa-Kakula mining complex.
  • The Kipushi Mine is operated by Kipushi Corporation (KICO), a joint venture between Ivanhoe Mines wholly owned subsidiary, Kipushi Holding, and Gcamines, the DRC's state-owned mining company.
  • Figure 1: World's 10 major zinc mines, showing estimated annual zinc production and zinc head grades (ranked by production, 2020).