Kamoa-Kakula mining Complex in DRC expects 42-year life extension in new Report
Ivanhoe Mines announced on March 17 that it has filed a new NI 43-101 (NI 43-101) Technical Report covering the Kamoa-Kakula 2023 Integrated Development Plan (IDP 2023) for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. , reports a press release from the company.
The 2023 IDP consists of a Pre-Feasibility Study (Kamoa-Kakula 2023 PFS) for Phases 3 and 4 expansion of the Kamoa-Kakula Copper Complex over a 33-year mine life, as well as a Updated Preliminary Economic Assessment (Kamoa -Kakula 2023 PEA) which includes a case for extending the mine life to 42 years in total.
The 2023 Kamoa-Kakula PFS assesses a phased increase in production capacity at Kamoa-Kakula from the current design throughput rate of 7.6 million tonnes per annum (Mtpa) to a total of 19.2 Mtpa from here 2030.
The Kamoa-Kakula 2023 IDP Technical Report was independently prepared by OreWin Pty Ltd. from Adelaide, Australia; China Nerin Engineering Co.Ltd. from Jiangxi, China; DRA Global of Johannesburg, South Africa; Epoch Resources of Johannesburg, South Africa; Golder Associates Africa of Midrand, South Africa; Outotec Oyj of Helsinki, Finland; Paterson and Cooke from Cape Town, South Africa; SRK Consulting Ltd. Cape Town, South Africa; and, the MSA Group of Johannesburg, South Africa.
The Kamoa-Kakula copper complex is operated as a Kamoa Holding joint venture between Ivanhoe Mines and Zijin Mining, and is located approximately 25 kilometers southwest of the city of Kolwezi and approximately 270 kilometers west of Lubumbashi in the DRC.
Ivanhoe and Zijin Mining each hold a 39.6% indirect stake in Kamoa-Kakula, Crystal River holds a 0.8% indirect stake, and the DRC government holds a 20% direct stake.
