New Mining Projects - Copperbelt Katanga Mining

Ivanhoe Mines issues 2022 annual financial results, plus overview of construction and exploration activities

March 13, 2023March 23, 2023 arnbethnic

Kamoa-Kakula Copper Complex sold 323,733 tonnes of payable copper in 2022 and recognized record annual revenue of $2.15 billion and record EBITDA of $1.39 billion ■ Ivanhoe Mines recognized a record profit of $434 million in 2022, driven by record income from the Kamoa-Kakula joint venture of $405 million ■ Kamoa-Kakula’s 2022 cost of sales total $1.09 per lb. of payable copper; C1 cash costs of $1.39 per lb. within guidance ■ Kamoa-Kakula sold 92,208 tonnes of payable copper in Q4 2022 for record quarterly revenue of $673 million and record… Read More Here

New Mining Projects

Ivanhoe Mines updates on its Western Foreland exploration activities, adjacent to the Kamoa-Kakula Copper Complex

February 23, 2023February 23, 2023 arnbethnic

■ Independent Mineral Resource estimate for Western Foreland’s Makoko and Kiala high-grade copper discoveries targeted in mid-2023, to be followed by Preliminary Economic Assessment ■ Western Foreland’s 2023 exploration program budgeted at approximately US$19 million, including up to 70,000 metres of drilling ■ Ivanhoe to release 2022 fourth quarter and annual financial results on Monday, March 13 HOLLYWOOD, FLORIDA — Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete, announced today ahead of the 32nd BMO Global Metals & Mining Conference an update on exploration activities at the… Read More Here

Coal International New Mining Projects

Canyon Coal Establishes New Mine in Mpumalanga, South Africa

February 5, 2023February 5, 2023 Constance

Canyon Coal, a subsidiary of private investment company Menar, is constructing a new coal mine in Hendrina, Mpumalanga. Production is expected to start in the second half of 2023. The first phase of the Gugulethu project, on track to be completed in 8-10 months, is expected to produce 1.2 million t/y of 5 500 kc NAR coal. “We are in the development phase and have already done the tenders for the civils and the processing plant. Our mining equipment has started to arrive,” states Gugulethu Colliery GM Jarmi Steyn. Formerly… Read More Here

New Mining Projects Mining in DRC

Kivu Holding Mining to Construct Refinery in Goma, DRC.

February 3, 2023February 3, 2023 Constance

The Minister of Mines, Antoinette Nsamba Kalambayi, received in audience, on Tuesday, January 31, 2023, a delegation from the mining company called Kivu Holding Mining SARL (KHM). On the menu of their exchanges, the project to build a refinery in Goma. For the delegation of Kivu Holding Mining, the lack of refinery in the eastern part of the Republic would be the basis of the repeated wars that the country is currently experiencing. “We presented to the Minister of Mines the project to build a refinery in the city of… Read More Here

Mining in DRC Copper New Mining Projects

Ivanhoe Mines announces capital expenditure guidance to first production for Kamoa-Kakula

February 1, 2023February 2, 2023 Constance

Ivanhoe Mines’ President Marna Cloete and Chief Financial Officer David van Heerden announced yesterday,31.01.2023 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. Capital Expenditure Guidance 2023 & 2024 (100% basis) ($’million) Kamoa-Kakula Phase 3 expansion 2,530 Phase 2 and other expansion capital 120 Sustaining capital 260 2,910 Platreef Phase 1 initial capital 390 Phase 2 capital 100 490 Kipushi Initial capital 380 All… Read More Here

Mining in DRC Corporate News New Mining Projects Press Release

Ivanhoe Mines announces outstanding economic results for world-leading Kamoa-Kakula Copper Complex

January 30, 2023January 30, 2023 arnbethnic

Ivanhoe Mines announces outstanding economic results of updated, independent Integrated Development Plan (2023 IDP) for world-leading Kamoa-Kakula Copper Complex ■ Ivanhoe’s 26-year odyssey of discovery realizes a globally significant copper complex essential for the energy transition ■ 2023 IDP consists of a pre-feasibility study (PFS) for the Phase 3 and 4 expansions of Kamoa-Kakula, and a preliminary economic assessment (PEA) life-of-mine extension case ■ Phase 3 expansion, to be completed in 2024, increases Kamoa-Kakula’s annual copper production to a ten-year average of 620,000 tonnes of copper, at cash costs (C1)… Read More Here

Mining in DRC Copper New Mining Projects

Kamoa-Kakula Mining Complex produced 333,500 tonnes of copper in 2022

January 10, 2023January 10, 2023 Johannsen

RIYADH, SAUDI ARABIA – Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announced today, ahead of the 2023 Future Minerals Forum at the King Abdulaziz International Conference Centre in Riyadh, Saudi Arabia, that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo (DRC) produced 333,497 tonnes of copper in concentrate in 2022, achieving the upper-end of the original 2022 production guidance range of 290,000 to 340,000 tonnes. Kamoa-Kakula’s 2022 production achievement represents a year-over-year increase of 215%. The 2023 annual production guidance for Kamoa-Kakula is estimated… Read More Here

Mining in DRC New Mining Projects

Ivanhoe Mines promises to respond to The Sentry’s “misleading” report

December 17, 2022December 17, 2022 arnbethnic

Ivanhoe Mines is writing “an official response” to what it calls “a misleading and sensationalist article” written by Geoffrey York of The Globe and Mail, dated December 15, 2022, which refers to “an equally flawed and misleading” report published by a United States-based organization, The Sentry, dated December 2022, reports the short press release of the Canadian firm “The article and report contain numerous inaccuracies, misrepresentations of Democratic Republic of the Congo law and Ivanhoe Mines business relationships, and demonstrate a fundamental misunderstanding of the legislative framework of the Democratic… Read More Here

Battery Metals Mining in Zambia New Mining Projects

Watch KoBold President Josh Goldman Announce the Company’s $150 million Mingomba Deposit Investment

December 15, 2022December 16, 2022 arnbethnic

KoBold President Josh Goldman, EMR Capital EMR Executive Chairman Owen Hegarty, U.S. Commerce Secretary Gina Raimondo, Zambian Minister for Mines and Minerals Development Paul C. Kabuswe, and His Excellency Hakainde Hichilema, President of the Republic of Zambia joined together to announce KoBold’s $150 million Mingomba Deposit investment during the Biden Administration’s 2022 African Leader’s Summit. Read More Here

Copper Mining in Zambia New Mining Projects

KOBOLD METALS, ZCCM-IH, EMR CAPITAL: INVESTING IN CLEAN MINERAL EXPLORATION

December 15, 2022December 16, 2022 arnbethnic

The Central African Copperbelt is host to the largest copper and cobalt resource in the world. These metals, when mined and processed sustainably, have the potential to foster job creation and economic development for Zambia. U.S.-based start-up KoBold Metals, together with its partners EMR Capital, a specialist mining private equity firm, and Zambia’s public-private mining company ZCCM-IH, are pleased to announce a $150 million investment from KoBold Metals to own, explore, and develop the Mingomba deposit and to support the Lubambe Copper Mine in Chililabombwe, Zambia. This $150 million investment is the first major… Read More Here