- Ivanhoe Mines (IVN) confirmed debottlenecking work at its concentrators in the Kamoa-Kakula Copper Complex is ahead of schedule
- The Vancouver mining company is working to debottleneck both the Phase 1 and Phase 2 concentrators at the project in the Democratic Republic of the Congo
- Work to install a new particular type of filter is ongoing, with the entire project expected to be completed sometime in March
- The company is aiming to reach a sustainable, annualized production rate of 450,000 tonnes of copper during the second quarter
- The total capital cost for the debottlenecking program was approximately US$50 million
- Ivanhoe Mines is up 3.15 percent, trading at $11.45 at 12:03 p.m. ET
Ivanhoe Mines (IVN) confirmed debottlenecking work at its concentrators in the Kamoa-Kakula Copper Complex is ahead of schedule.
The Vancouver-based mining company is working to debottleneck both the Kamoa-Kakula Phase 1 and Phase 2 concentrators at the project in the Democratic Republic of the Congo.
Work to install a new particular type of filter is ongoing, with the entire project expected to be completed sometime in March. The filter is the final step in the process.
The company is aiming to reach a sustainable, annualized production rate of 450,000 tonnes of copper during the second quarter. It calls that number “an exceptional achievement.”
“The operations team at Kamoa-Kakula continues to exceed expectations…once again delivering an important expansion project ahead of schedule and on budget,” said Executive Co-Chair Robert Friedland.
“Our dedicated team of engineers is determined to continue this record of operational excellence as we execute the Phase 3 expansion. The project will include the integration of Africa’s largest direct-to-blister smelter complex and will drive annualized production to over 600,000 tonnes of copper by early 2025…continuing Kamoa-Kakula’s distinction as the fastest-growing, highest-grade copper complex on our planet.”
The Phase 1 and Phase 2 concentrators are expected to be able to sustain the new nameplate capacity of 9.2 million tonnes of ore per year.
The Phase 1 and 2 concentrators will have a sustained nameplate capacity of 580 dry tonnes per hour, at times delivering as high as 590 dry tonnes per hour.
The total capital cost for the debottlenecking program was approximately US$50 million.
Ivanhoe Mines Ltd. (IVN) is up 3.15 percent, trading at $11.45 at 12:03 p.m. ET.