Kamoa-Kakula Phase 2 Expansion Now 70% Complete, on Track for Early Start-up in Q2 2022
Record copper production in November tops 18,270 tonnes, bringing year-to-date production to more than 87,000 tonnes as at November 30, 2021 Earthworks commenced for a new box cut to access Phase 3 mining areas; Phase 3 concentrator targeted by end of 2024 Engineering for Kamoa Copper's direct-to-blister smelter underway; long-lead items for smelter to be ordered in Q2 2022 Mining crews deliver a record 548,000 tonnes of ore grading 5.46% copper in November, including 362,000 tonnes grading...
2021-12-09 7:15 AM EST
Platreef Mine Secures US$200 Million Gold Stream Financing and Additional US$100 Million Palladium and Platinum Stream
Mokopane, South Africa--(Newsfile Corp. - December 8, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete are pleased to announce that the company's
2021-12-08 7:30 AM EST
Ivanhoe Mines Congratulates Robert Friedland for His Induction into The American Mining Hall of Fame
Tucson, Arizona--(Newsfile Corp. - December 6, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete, on behalf of all the women and men of the company, today congratulated Founder and Executive Co-Chairman, Robert Friedland, on his induction into the American Mining Hall of Fame for accomplishments during his distinguished career in the international mining industry. Mr. Friedland's formal induction ceremony was held in Tucson on December 4th, and attended by approximately...
2021-12-06 7:15 AM EST
Ivanhoe Mines Reports No Impact from the Omicron Variant on Any of Its Operations
Sandton, South Africa--(Newsfile Corp. - December 2, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) reports that the new COVID-19 variant, Omicron, has had no impact on any of its mining or mine development operations in South Africa or the Democratic Republic of Congo (DRC). No cases of the new variant have been detected at the company's Kamoa-Kakula and Kipushi projects in the DRC and, while there have been some recent infections among employees and contractors working at the company's...
2021-12-02 3:28 PM EST
Kamoa Copper Awards China Nerin Engineering Contract for Direct-to-Blister Copper Smelter
Democratic Republic of Congo and Nanchang, China--(Newsfile Corp. - November 18, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that Kamoa Copper has awarded China Nerin Engineering Co., Ltd. (Nerin) of Jiangxi, China, with the basic engineering contract for the planned, direct-to-blister flash smelter at the Kamoa-Kakula Copper Complex that will incorporate lea
2021-11-18 7:02 AM EST
Ivanhoe Mines Issues Q3 2021 Financial Results and Review of Operations, Mine Construction and Exploration Progress
Ivanhoe Mines records a profit of $85.4 million in Q3 Kamoa-Kakula Copper Mine achieved Phase 1 commercial production on July 1, 2021 More than 77,500 tonnes of copper produced year-to-date; copper production guidance for 2021 raised to 92,500 to 100,000 tonnes Kamoa-Kakula sold 41,490 tonnes of payable copper and recognized revenue of $342.6 million in Q3, with an inaugural operating profit of $209.7 million and EBITDA of $233.2 million Kamoa-Kakula's Phase 2 expansion to begin operations in...
2021-11-15 6:30 AM EST
Ivanhoe Mines Promotes David van Heerden to the Role of Chief Financial Officer
Johannesburg, South Africa--(Newsfile Corp. - November 15, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that the company has promoted David van Heerden to the position of Chief Financial Officer, effective November 12, 2021. Mr. van Heerden's appointment allows Marna Cloete to focus solely on her role as Ivanhoe's President. Ms. Cloete has held the dual roles of President and CFO since her appointment as President in...
2021-11-15 3:30 AM EST
Ivanhoe Mines To Issue Q3 2021 Financial Results And Host Conference Call for Investors On November 15, 2021
Toronto, Ontario--(Newsfile Corp. - November 10, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) reminds investors that it will report its Q3 2021 financial results before market open on Monday, November 15, 2021. Management will host a conference call and webcast to discuss the results at 10:30AM Eastern Time the same day. Conference call and webcast details Link to join the live audio webcast: http://services.choruscall.ca/links/ivanhoemines20211115.html Phone numbers to join the live...
2021-11-10 11:26 AM EST
Kamoa-Kakula Sets New Daily Production Record of 729 Tonnes of Copper; Approximately 63,000 Tonnes of Copper Produced Year-to-date to October 20, 2021
Phase 1 concentrator plant now operating at steady-state design; optimization work underway to further enhance operating performance 2021 production guidance range for copper in concentrate raised to 90,000 to 95,000 tonnes Phase 2 concentrator approximately 60% complete, with construction team achieving 4 million hours worked without a lost-time injury Planning underway for a new box cut and decline to access mining areas for Phase 3 expansion Mining crews delivered 395,000 tonnes of ore...
2021-11-01 6:57 AM EDT
Ivanhoe Mines Provides Notice of Q3 2021 Financial Results and Conference Call for Investors on November 15, 2021
Toronto, Ontario--(Newsfile Corp. - October 18, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will report its Q3 2021 financial results before market open on Monday, November 15, 2021. Management will host a conference call and webcast to discuss the results at 10:30AM Eastern Time the same day. Conference call and webcast details Link to join the live audio webcast: http://services.choruscall.ca/links/ivanhoemines20211115.html. Phone numbers to join the live conference call: Canada/USA...
2021-10-18 7:15 AM EDT
Kamoa-Kakula's Phase 2 Expansion, Doubling Production to over 400,000 Tonnes of Copper per Year, Ahead of Schedule and Now on Track to Begin Full Operations in Q2 2022
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - October 12, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced that construction of Kamoa-Kakula's Phase 2 concentrator plant, which is designed to double copper production to approximately 400,000 tonnes a year, is proceeding ahead of schedule. The project team now a
2021-10-12 7:10 AM EDT
Ivanhoe Mines Responds to Western Foreland Media Report
Toronto, Ontario--(Newsfile Corp. - October 5, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is aware of a Bloomberg article with respect to its Western Foreland copper exploration project, which is adjacent to, and along trend of, the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo. Ivanhoe does not comment on market rumors or speculation, nor discuss specific negotiations. Ivanhoe can, however, confirm that at this time there are no undisclosed material facts or events...
2021-10-05 8:05 AM EDT
Kamoa-Kakula Phase 1 Concentrator Mills Approximately 320,000 Tonnes of Ore Grading 6.0% Copper in September, Exceeding Steady-State Design Throughput
A record 16,010 tonnes of copper produced in the month ended September 20 More than 46,750 tonnes of copper produced year-to-date to September 20 2021 production guidance range for copper in concentrate raised to 85,000 to 95,000 tonnes Floated concentrate grade improved to 55.7% copper; average plant flotation recovery increased to 85.1%; both nearing nameplate design Phase 2 concentrator construction now more than 50% complete Mining crews delivered 384,000 tonnes of ore grading 5.58%...
2021-09-30 8:43 AM EDT
Kamoa-Kakula Phase 1 Concentrator Plant Approaching Steady-State-Design Performance
14,815 tonnes of copper produced in August, bringing the year-to-date production to more than 36,700 tonnes Installation of an additional concentrate filter expected by end of October 2021, further boosting copper production Phase 2 concentrator plant construction now 44% complete Mining crews delivered 220,000 tonnes of ore grading a record 6.03% copper from August 1 to 20, including 85,000 tonnes grading 7.55% copper from the centre of the Kakula Mine Surface ore stockpiles continue to...
2021-09-07 7:15 AM EDT
Kamoa Copper Extends Existing Financing Agreement with DRC's State-Owned Power Company to Facilitate the Upgrade of Turbine 5 at the Inga II Hydropower Complex
Kinshasa, Democratic Republic of Congo--(Newsfile Corp. - August 16, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that Ivanhoe Mines Energy DRC - a sister company of Kamoa Copper SA tasked with delivering reliable, clean, renewable hydropower to the Kamoa-Kakula Copper Mine - has extended its existing financing agreement under a public-p
2021-08-16 7:30 AM EDT
Ivanhoe Mines Issues Q2 Financial Results and Review of Operations, Mine Construction and Exploration Progress
Kamoa-Kakula Copper Mine achieved Phase 1 commercial production on July 1, 2021; first phase projected to produce approximately 200,000 tonnes of copper per year Kamoa-Kakula's Phase 2 expansion, scheduled for Q3 2022, will double annual copper output to approximately 400,000 tonnes Ivanhoe Mines pledges net-zero greenhouse gas emissions at the Kamoa-Kakula Copper Mine Good progress being made on Ivanhoe's Western Foreland exploration program, searching for DRC's next tier-one copper...
2021-08-11 4:15 AM EDT
Kamoa-Kakula Phase 1 Concentrator Plant Achieved Commercial Production On July 1, 2021
Copper production exceeded 500 tonnes per day towards the end of July Phase 1 concentrator copper recoveries averaged approximately 81% during July as commissioning advances Phase 2 concentrator expansion to 7.6 Mtpa more than 35% complete; well on track to begin operations in Q3 2022 Mining crews set a new record for underground development in July, at 3,876 metres, and deliver a record 414,000 tonnes of ore grading 5.16% copper, including 85,000 tonnes grading 7.70% copper from the centre...
2021-08-03 8:07 AM EDT
Kamoa-Kakula Begins Exporting Copper Concentrate Internationally as Production Ramps Up
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - July 19, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that Kamoa Copper SA - the operating company of the joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River and the Government of the Democratic
2021-07-19 7:15 AM EDT
Kamoa-Kakula Phase 1 Concentrator Plant Fully Operational; Hot Commissioning Activities Well-advanced, Final Performance Testing to Start Shortly
First truckloads of copper concentrate delivered to local smelter on June 1; daily concentrate deliveries ongoing, first blister copper ingots received Phase 2 concentrator expansion to 7.6Mtpa on track for Q3 2022; civil works and structural steel construction ahead of schedule Kamoa Copper fully authorized to export blister copper and concentrate to international markets, off-take agreements in place Mining crews deliver 338,000 tonnes of ore grading 4.59% copper in June, including 66,200...
2021-07-06 7:30 AM EDT
Kamoa-Kakula Monthly Progress Update Expected on July 6
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - June 30, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the June progress update for the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo (DRC) is expected to be issued on July 6, 2021, after the major Canadian and US public holidays. About Ivanhoe Mines Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major...
2021-06-30 10:11 AM EDT