- Ivanhoe Mines (IVN) announced today that the Phase 1 concentrator plant at Kamoa-Kakula has now produced over 100,000 tonnes of copper concentrate
- Ivanhoe mines will release figures for its 2021 copper production in January
- Meanwhile, construction on the Phase 2 concentrator plant remains ahead of schedule
- Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa
- Shares in Ivanhoe Mines Ltd. (IVN) are up 0.87 per cent, trading at $9.825 per share
Ivanhoe Mines (IVN) announced today that the Phase 1 concentrator plant at Kamoa-Kakula has now produced over 100,000 tonnes of copper concentrate.
Production guidance for the Phase 1 concentrator plant was 92,500 to 100,000 tonnes, increased in November after the successful ramp-up of the concentrator.
“Kamoa Copper’s performance marks an excellent end to what has truly been a banner year for Ivanhoe Mines,” commented founder and executive co-chair Robert Friedland.
“We would like to extend heartfelt congratulations to the team at Kamoa-Kakula,” he added, “who consistently exceeded expectations during the construction and development of the world’s newest world-scale copper mine, and have continued that outperformance as we have moved through ramp-up and into full production.”
The figures are on a 100%-project basis and metal reported in concentrate is prior to refining losses or deductions associated with smelter terms.
Ivanhoe mines will release figures for its 2021 copper production in January.
Meanwhile, construction continues on the Phase 2 concentrator plant, which remains ahead of schedule.
“The Phase 2 expansion remains significantly ahead of schedule, and we are well on the way to doubling annual copper production to approximately 400,000 tonnes starting early in Q2 2022,” remarked Mr. Friedland.
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa.
The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River Global Limited, and the Government of the Democratic Republic of Congo.
Shares in Ivanhoe Mines Ltd. (IVN) are up 0.87 per cent, trading at $9.825 per share as of 9:40 am EST.