LUBUMBASHI

Kamoa Copper Achieves Record Quarterly Production of 55,602 Tonnes of Copper in Q1 2022, with a Record 19,605 Tonnes of Copper Produced in March

Retrieved on: 
Monday, April 11, 2022
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Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - April 11, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo has set a new quarterly production record in the first quarter of 2022, with 55,602 tonnes of copper in concentrate produced. Kamoa Copper milled 1.08 million ore tonnes during the quarter at an average feed grade of 5.91% copper.

Key Points: 
  • Kamoa Copper milled 1.08 million ore tonnes during the quarter at an average feed grade of 5.91% copper.
  • In addition, Kamoa-Kakula set a new daily production record on April 8, 2022, with 25,126 tonnes milled and 1,202 tonnes of copper produced.
  • Kamoa Copper will increase its annualized copper production rate to more than 400,000 tonnes from this month forward.
  • Kamoa-Kakula achieved record quarterly production of 55,602 tonnes of copper in concentrate in Q1 2022, with 19,605 tonnes copper produced in March.

Tatu City wins fDi Free Zones of the Year awards in Africa

Retrieved on: 
Wednesday, October 27, 2021
FFS, SEZ, Lagos, City, Distell Group Limited, Workforce, FDI, Democratic republic, U.S./Australia Parliamentary Friendship Group, Copia, Congo, Financial Times, KWAL, TATU, Student, Property management

TATU CITY, Kenya, Oct. 27, 2021 /PRNewswire/ -- Tatu City, the first operational Special Economic Zone in Kenya, has been recognised by fDi Intelligence's Free Zones Awards 2021.

Key Points: 
  • TATU CITY, Kenya, Oct. 27, 2021 /PRNewswire/ -- Tatu City, the first operational Special Economic Zone in Kenya, has been recognised by fDi Intelligence's Free Zones Awards 2021.
  • fDi Intelligence, a Financial Times service, assembled six independent judges to assess "the best free zones in the world," according to Alex Irwin-Hunt, Global Markets Editor, fDi Intelligence.
  • Currently at Tatu City Special Economic Zone (SEZ), more than 60 local, regional and multi-national businesses have opened or started development.
  • In Kenya, Tatu City SEZ was also recognised for its pioneering work with the local community at the new city development.

Tatu City wins fDi Free Zones of the Year awards in Africa

Retrieved on: 
Wednesday, October 27, 2021
FFS, SEZ, Lagos, City, Distell Group Limited, Workforce, FDI, Democratic republic, U.S./Australia Parliamentary Friendship Group, Copia, Congo, Financial Times, KWAL, TATU, Student, Property management

TATU CITY, Kenya, Oct. 27, 2021 /PRNewswire/ -- Tatu City, the first operational Special Economic Zone in Kenya, has been recognised by fDi Intelligence's Free Zones Awards 2021.

Key Points: 
  • TATU CITY, Kenya, Oct. 27, 2021 /PRNewswire/ -- Tatu City, the first operational Special Economic Zone in Kenya, has been recognised by fDi Intelligence's Free Zones Awards 2021.
  • fDi Intelligence, a Financial Times service, assembled six independent judges to assess "the best free zones in the world," according to Alex Irwin-Hunt, Global Markets Editor, fDi Intelligence.
  • Currently at Tatu City Special Economic Zone (SEZ), more than 60 local, regional and multi-national businesses have opened or started development.
  • In Kenya, Tatu City SEZ was also recognised for its pioneering work with the local community at the new city development.

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.

Ivanhoe Mines Issues Q2 Financial Results and Review of Operations, Mine Construction and Exploration Progress

Retrieved on: 
Wednesday, August 11, 2021

Approximately 73% of the Platreef Project's employees and contractors working on site have at minimum received their first dose of vaccine.

Key Points: 
  • Approximately 73% of the Platreef Project's employees and contractors working on site have at minimum received their first dose of vaccine.
  • Platreef Project with the Shaft 1 headframe on the right and a construction crane working on Shaft 2 in the centre.
  • The construction of the 996-metre-level station at the bottom of Shaft 1 was completed in July 2020.
  • Ivanhoe had no operating revenue in any financial reporting period and did not declare or pay any dividend or distribution in any financial reporting period.

Ivanhoe Mines Issues Q1 Financial Results and Review of Mine Construction Progress and Exploration Activities

Retrieved on: 
Thursday, May 13, 2021
Copper mining in the Democratic Republic of the Congo, Ivanhoe Mines

Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.

Key Points: 
  • Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.
  • The 2021 exploration budget has been increased to $21 million to include additional drilling and surveys.
  • Resumption of production at the mine now requires the construction of a surface processing plant and other related surface production facilities.
  • The remaining families are scheduled for relocation upon completion of the construction of their new homes.

Cobalt Blockchain Announces Termination of Negotiations for DRC Cobalt Hydroxide Plant

Retrieved on: 
Thursday, April 22, 2021

b'Toronto, Ontario--(Newsfile Corp. - April 22, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") announced today that negotiations have terminated with Traxys Europe S.A. ("Traxys") for the establishment of a commercial relationship with respect to the Traxys-owned cobalt hydroxide plant located in Lubumbashi, Democratic Rebublic of the Congo.

Key Points: 
  • b'Toronto, Ontario--(Newsfile Corp. - April 22, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") announced today that negotiations have terminated with Traxys Europe S.A. ("Traxys") for the establishment of a commercial relationship with respect to the Traxys-owned cobalt hydroxide plant located in Lubumbashi, Democratic Rebublic of the Congo.
  • The parties had entered into a letter of intent in August of 2018 which contemplated further negotiations for the operation of the plant by COBC, a trade finance facility to be provided by Traxys to COBC, and an offtake agreement in favour of Traxys for cobalt concentrate produced from the plant.
  • Negotiations between the parties have been ongoing since the signing of the letter of intent.
  • "\nCobalt Blockchain Inc. (TSXV: COBC) is a Canadian resource company expanding its exploration and development business to include cobalt assets in the Democratic Republic of the Congo.

Zingman Released Without Charges After 12 Days in Congo

Retrieved on: 
Thursday, April 1, 2021
Countries, Geography of Africa, Africa, Republics, Zimbabwe, Emmerson Mnangagwa

HARARE, Zimbabwe, April 1, 2021 /PRNewswire/ --U.S. businessman Alexander Zingman was released Wednesday without any charges, along with Italian businessman Paolo Persico and Zingman's colleague Oleg Vodchits.

Key Points: 
  • HARARE, Zimbabwe, April 1, 2021 /PRNewswire/ --U.S. businessman Alexander Zingman was released Wednesday without any charges, along with Italian businessman Paolo Persico and Zingman's colleague Oleg Vodchits.
  • The three businessmen had been detained in the Democratic Republic of Congo (DRC) for the past 12 days.
  • The security agencies took us into custody upon our arrival to check our identities," Zingman told the international media.
  • He has now been released as well, as the security agencies have verified our business meetings," Zingman said.

Zingman Released Without Charges After 12 Days in Congo

Retrieved on: 
Thursday, April 1, 2021
Countries, Geography of Africa, Africa, Republics, Zimbabwe, Emmerson Mnangagwa

HARARE, Zimbabwe, April 1, 2021 /PRNewswire/ --U.S. businessman Alexander Zingman was released Wednesday without any charges, along with Italian businessman Paolo Persico and Zingman's colleague Oleg Vodchits.

Key Points: 
  • HARARE, Zimbabwe, April 1, 2021 /PRNewswire/ --U.S. businessman Alexander Zingman was released Wednesday without any charges, along with Italian businessman Paolo Persico and Zingman's colleague Oleg Vodchits.
  • The three businessmen had been detained in the Democratic Republic of Congo (DRC) for the past 12 days.
  • The security agencies took us into custody upon our arrival to check our identities," Zingman told the international media.
  • He has now been released as well, as the security agencies have verified our business meetings," Zingman said.

Calls Grow for Release of AFTRADE Owner Detained in Congo

Retrieved on: 
Thursday, March 25, 2021
Countries, Democratic Republic of the Congo, Republics, Persico, Africa, Continents

KINSHASA, Democratic Republic of the Congo, March 25, 2021 /PRNewswire/ --There have been growing calls for the release of U.S. businessman Alexander Zingman who was detained in the Democratic Republic of Congo (DRC) last week.

Key Points: 
  • KINSHASA, Democratic Republic of the Congo, March 25, 2021 /PRNewswire/ --There have been growing calls for the release of U.S. businessman Alexander Zingman who was detained in the Democratic Republic of Congo (DRC) last week.
  • Zingman, a dual U.S. and Belarusian citizen, was detained with his colleague Oleg Vodchits, a Belarusian citizen and Italian businessman Paolo Persico.
  • No formal explanation has been provided and attempts to receive welfare checks were consistently denied," said Mrs Zingman, wife of the AFTRADE business owner.
  • "We call on the DRC authorities to release Mr Zingman, his colleague Oleg Vodchits, and their Italian associate Paolo Persico immediately.