Category: New Mining Projects

Ivanhoe Mines issues Q2 financial results and reviewof operations, mine construction and exploration progressKamoa-Kakula Copper Mine achieved Phase 1 commercial production on July 1, 2021; first phase projected to produce approximately 200,000 tonnes of copper per yearKamoa-Kakula’s Phase 2 expansion, scheduled for Q3 2022, will double annual copper output to approximately 400,000 tonnesIvanhoe Mines pledges net-zero greenhouse gas emissions at the Kamoa-Kakula Copper MineGood progress being made on Ivanhoe’s Western Foreland exploration program, searching for DRC’s next tier-one copper discoveryDevelopment of the world-scale Platreef palladium, rhodium, platinum, nickel, copper and gold project in… Read More Here

London-listed diversified miner Red Rock Resources says drilling at the Luanshimba copper/cobalt project, in the Democratic Republic of Congo (DRC), is proceeding satisfactorily after experiencing a slow start. The company has replaced an initial rig with a more powerful model and expects to extend some holes to a 120 m to 200 m depth, to test for copper sulphide mineralisation. The 2 000 m Phase 1 drilling programme was initially planned to only extend down to between 60 m and 100 m, but later holes may now be extended. Red Rock… Read More Here

Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that Kamoa-Kakula’s Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant was deemed to have reached commercial production on July 1, 2021, after achieving a milling rate in excess of 80% of design capacity and recoveries very close to 70% for a continuous, seven-day period. To date, approximately 500,000 tonnes of ore have been milled, including approximately 263,000 tonnes grading 5.7% copper in July. Copper production has steadily increased since hot commissioning began at the end of May. Copper production exceeded 500 tonnes per day toward… Read More Here

According to data from the Fich Solutions research agency on forecasts of copper mining production in the world this year and the rest of the decade, the DRC will grow by 6.9% in 2021, driven by the entry into production from the Kamoa-Kakula mine. The asset owned by Ivanhoe Mines already confirms the expectations placed on it and can potentially help the DRC to overtake its competitors in the hierarchy of global producers. Good news, as observers agree to predict an explosion in demand for red metal. Global copper production… Read More Here

Kamoa-Kakula begins exporting copper concentrate internationally as production ramps up. Kamoa Copper draws down US$300 million advance payment facility available under the offtake agreements; all future Phase 1 operating costs and majority of Phase 2 capital expenditures expected to be funded from copper sales and facilities in place. Daily shipments of copper concentrate to local smelter to produce 99%-pure blister copper also continuing  KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX:IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that Kamoa Copper SA –… Read More Here

Kamoa-Kakula Phase 1 concentrator plant fully operational; hot commissioning activities well-advanced, final performance testing to start shortlyFirst truckloads of copper concentrate delivered to local smelter on June 1; daily concentrate deliveries ongoing, first blister copper ingots receivedPhase 2 concentrator expansion to 7.6Mtpa on track for Q3 2022; civil works and structural steel construction ahead of scheduleKamoa Copper fully authorized to export blister copper and concentrate to international markets, off-take agreements in placeMining crews deliver 338,000 tonnes of ore grading 4.59% copper in June, including 66,200 tonnes grading 7.71% copper from the… Read More Here