Ivanhoe Mines issues first quarter 2022 financial results, as well as review of mine construction and exploration activities
Kamoa-Kakula Copper Mining Complex in the Democratic Republic of Congo sold 51,919 tonnes of payable copper and recognized record revenue of $519.6 million in Q1 2022 The Kamoa-Kakula joint venture recorded record EBITDA of $399.4 million, and operating profit of $380.5 million for Q1 2022 Kamoa-Kakula's cost of sales total $1.08 per pound of payable copper in Q1 2022, with C1 cash costs trending towards lower end of 2022 guidance at $1.21 per pound Kamoa-Kakula Phase 2 offtake agreements...
2022-05-10 7:37 AM EDT
Ivanhoe Mines Announces Completion of Platreef's Production Shaft 1 at the Tier-One Palladium, Rhodium, Nickel, Platinum, Copper and Gold Project in South Africa
Cape Town, South Africa--(Newsfile Corp. - May 9, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President, Marna Cloete, announced today at the African Mining Indaba Conference, the completion of the Shaft 1 production changeover at the company's tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project i
2022-05-09 7:30 AM EDT
Kamoa-Kakula on Track to Become the World's Third-largest Copper Mining Complex by Q4 2024, with Copper Production of Approximately 600,000 Tonnes per Year
New York, New York--(Newsfile Corp. - May 3, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce today, ahead of the Goldman Sachs Copper Day, further details of the Phase 3 expansion at the Kamoa-Kakula Copper Mining Complex in the Democratic Repub
2022-05-03 7:30 AM EDT
Ivanhoe Mines Issues Fifth Annual Sustainability Report, Highlighting the Company's Commitment to Becoming a Global ESG Leader in Mining
Toronto, Ontario--(Newsfile Corp. - May 2, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today the publication of its fifth annual Sustainability Report. The report highlights Ivanhoe Mines' sustainability programs and initiatives in 2021, including significant accomplishments achieved at its three mine development projects, and outlines goals and benchmarks for current and future corporate activities. Ivanhoe Mines is committed to producing the world's "greenest copper" at its...
2022-05-02 7:30 AM EDT
Kamoa-Kakula Operations and Expansion Update to Be Released Imminently
Toronto, Canada--(Newsfile Corp. - April 26, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) stated today that the company is unaware of any company-specific reason that might be contributing to the recent decline in the company's share price other than general market volatility. Ivanhoe will imminently issue an update on the Kamoa-Kakula Mining Complex, including further detail on the Phase 3 expansion plans. Engineering and early works for the Phase 3 expansion are progressing quickly, with...
2022-04-26 3:16 PM EDT
Kamoa Copper Achieves Record Quarterly Production of 55,602 Tonnes of Copper in Q1 2022, with a Record 19,605 Tonnes of Copper Produced in March
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - April 11, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that
2022-04-11 7:30 AM EDT
Kamoa-Kakula's Phase 2 Concentrator Plant Begins Hot Commissioning Ahead of Schedule
Lausanne, Switzerland--(Newsfile Corp. - March 22, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chair Robert Friedland is pleased to announce today at the Financial Times Global Commodities Summit, to an audience of international mining and market leaders, the start of hot commissioning of the Phase 2, 3.8-million-tonne-per-annum concentrator
2022-03-22 7:30 AM EDT
Ivanhoe Mines Secures Options to Power Its Tier-one Platreef Palladium, Rhodium, Nickel, Platinum, Copper and Gold Mine in South Africa with Solar and LNG-Generated Electricity
Sandton, South Africa--(Newsfile Corp. - March 14, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland announced today that the company has secured options to use electricity generated from renewable, green, solar power together with liquefied natural gas (LNG) to power its Tier-One Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. Construction of Ivanhoe's first solar pow
2022-03-14 7:10 AM EDT
Ivanhoe Mines Files New NI 43-101 Technical Report for the Platreef Palladium, Rhodium, Nickel, Platinum, Copper and Gold Project in South Africa
Mokopane, South Africa--(Newsfile Corp. - March 11, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the company has filed a new National Instrument 43-101 (NI 43-101) technical report covering the Platreef 2022 Feasibility Study. The updated NI 43-101 technical report includes an independent feasibility study for the initial two phases of development for the Platreef Mine to a steady state production rate of 5.2 million tonnes of ore per annum. The Platreef 2022...
2022-03-11 3:01 PM EST
Ivanhoe Mines Issues Fourth Quarter and Annual 2021 Financial Results, as Well as Review of Mine Construction and Exploration Activities
Kamoa-Kakula copper joint venture in the Democratic Republic of Congo sold 53,165 tonnes of payable copper and recognized revenue of $488.5 million in Q4 2021 Kamoa-Kakula recorded operating profit of $198.9 million and an EBITDA of $357.6 million for the fourth quarter Kamoa-Kakula's cost of sales total $1.12 per pound of payable copper in Q4 2021, with C1 cash costs of $1.28 per pound Kamoa-Kakula's Phase 2 expansion on track to begin operations in April 2022, doubling the size of the...
2022-03-08 7:05 AM EST
Ivanhoe Mines Files a New NI 43-101 Technical Report for the Ultra-High-Grade Kipushi Mine in the DRC
Kipushi, Democratic Republic of Congo--(Newsfile Corp. - March 4, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the company has filed a new National Instrument 43-101 (NI 43-101) technical report covering the planned resumption of commercial production at the Kipushi Mine in the Democratic Republic of Congo. The updated NI 43-101 technical report includes an independent feasibility study (Kipushi 2022 Feasibility Study) for the redevelopment of the Kipushi Mine and the...
2022-03-04 1:01 PM EST
Ivanhoe Mines Announces Exceptional Results of Independent 2022 Feasibility Study for Tier-one Platreef Palladium, Rhodium, Nickel, Platinum, Copper and Gold Project in South Africa
Platreef ranks as world's largest precious metals deposit under development Phase 1 mine in construction, advancing towards first production in Q3 2024 2022 Feasibility Study yields an after-tax NPV8% of US$1.7 billion and IRR of 18.5% at long-term consensus metal prices After-tax NPV8% of US$4.1 billion and IRR of 29.3% at current spot metal prices Shaft 2 accelerated to 2027, advancing Phase 2 expansion with annual forecast production of greater than 590,000 ounces of palladium, platinum,...
2022-02-28 7:00 AM EST
South African Mining Veteran Riaan Vermeulen Appointed as Kamoa Copper's New Managing Director
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - February 23, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) President, Marna Cloete, announced today that Riaan Vermeulen has been appointed as Kamoa Copper's new Managing Director, effective June 1, 2022. Riaan Vermeulen To view an enhanced version of this photo, please visit:
2022-02-23 7:10 AM EST
Kamoa Copper to Expand Processing Capacity of Kamoa-Kakula's Phase 1 and Phase 2 Concentrators by 21%, to a Combined Total of 9.2 Million Tonnes of Ore per Year
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - February 22, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "M
2022-02-22 7:10 AM EST
Ivanhoe Mines and Gecamines Sign New Agreement to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production
Kipushi 2022 feasibility study highlights outstanding economic results from planned rebirth of the historic Kipushi Mine, with two-year development timeline Kipushi will be the world's highest-grade major zinc mine, with average grade of 36.4% zinc over the first five years Life-of-mine average annual zinc production of 240,000 tonnes with C1 cash costs of US$0.65/lb of payable zinc After-tax NPV8% of US$941 million and IRR of 41%, based on long-term zinc price of US$1.20/lb, with...
2022-02-14 7:05 AM EST
Ivanhoe Mines to Issue Q4 2021 Financial Results and Host Conference Call for Investors on March 8, 2022
Toronto, Ontario--(Newsfile Corp. - February 9, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will report its Q4 2021 financial results before market open on Tuesday, March 8, 2022. The company will hold an investor conference call to discuss the Q4 2021 financial results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same day. The conference call dial-in is +1-647-484-0475 or toll free 1-888-220-8451, quote "Ivanhoe Mines Q4 2021 Financial Results" if requested. Media are...
2022-02-09 7:05 AM EST
Kamoa Copper's Phase 2 Concentrator Plant Approaching 93% Completion; Hot Commissioning of the Phase 2 Concentrator Plant to Begin in April 2022
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - January 24, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced that Kamoa-Kakula's Phase 2, 3.8-million-tonne-per-annum (Mtpa) concentrator plant is expected to be 93% complete by January 31, 2022, with hot commissioning of the concentrator on track to begin in April 2022, at the front end of the Q2 2022 previous guidance and several months ahead of th
2022-01-24 7:05 AM EST
Ivanhoe Mines Provides 2022 Production and Cost Guidance for Kamoa-Kakula Copper Complex
2022 production guidance of between 290,000 to 340,000 tonnes of copper in concentrate Kamoa Copper produced 105,884 tonnes of copper in concentrate in 2021, exceeding the upper end of the guidance range, reflecting outstanding ramp-up of the Phase 1 operation Record monthly production of 18,853 tonnes achieved in December, with plant recovery averaging 88.5% Phase 2 expansion now 80% complete, expected to start operations in Q2 2022; pre-commissioning activities underway Phase 3 concentrator...
2022-01-10 7:00 AM EST
Ivanhoe Mines to Issue 2021 Production Numbers and 2022 Production and Cost Guidance for Kamoa-Kakula Copper Complex on January 10
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - January 4, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced that the company plans to issue the 2021 year-end production results, as well as production and cost guidance for 2022, for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) on Monday January 10, 2022. The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining...
2022-01-04 9:22 AM EST
Kamoa-Kakula Surpasses Annual Copper Guidance, with More than 100,000 Tonnes Produced
Toronto, Ontario--(Newsfile Corp. - December 22, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) 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 in the Democratic Republic of Congo (DRC) has exceeded the upper end of annual copper production guidance with more than 100,000 tonnes of copper in concentrate produced year-to-date, as at December 22, 2021. The figures are on a 100%-project...
2021-12-22 7:28 AM EST