Ivanhoe Mines Selects Lobito Corridor as Preferred Logistics Route
Canadian mining firm Ivanhoe Mines’ subsidiary in the Democratic Republic of Congo (DRC), Kamoa Copper, has established a collaborative alliance with logistics enterprise Lobito Atlantic International Sarl.
This strategic partnership aims to facilitate the transportation of copper concentrate extracted from the Kamoa-Kakula mine, situated in the DRC, through the Lobito Corridor.
The focal point of this collaboration is the utilization of a 1,732 km railway line extending from Lobito in Angola to Kolwezi in the DRC. This railway route presents a cost-effective and practical means to convey essential minerals from the Kamoa-Kakula mine.
Highlighting the significance of this development, Robert Friedland, the Executive Co-Chairman of Ivanhoe Mines, emphasized that the Lobito Corridor is poised to evolve into a pivotal trade conduit for copper and other critical minerals originating from a strategically vital African region.
These metals play a crucial role in fulfilling the global need for resources essential to drive the planet’s energy transition.
The initial phase of this collaborative endeavor will kick off with a pilot initiative, involving the transportation of 10,000 tons of copper concentrate extracted from the Kamoa-Kakula mine.
This consignment is scheduled to be transported through the Lobito Corridor during the fourth quarter of 2023.
