First 1,100-tonne concentrate shipment of 10,000-tonne trial arrives at the Angolan port of Lobito by rail Shipment is the first export of copper under new concession from the Democratic Republic of Congo and Angola utilizing the Lobito Atlantic Rail Corridor Time taken to reach port of Lobito took 8 days, compared with approximately 25 days by [...]
Ivanhoe Mines Ltd. announces that it has closed its previously announced private placement offering of 47,917,050 Class A common shares at a price of C$12.00 per Common Share for aggregate gross proceeds of approximately C$575 million , including the full exercise of the 15% agent's option granted to BMO Capital Markets, as sole agent, in [...]
Exploration focused on the Western Foreland, following the high-grade Kitoko copper discovery Kitoko's newly discovered copper horizon on the Kibaran Basement significantly increases prospectivity of the Western Foreland for tier-one discoveries Expanded 2024 exploration program targets expansion of Kitoko's 1.9-kilometre length, open in all [...]
Kitoko discovery includes drill hole DD008 intersecting 5.19 metres true width, grading 11.64% copper, at a 1% copper cut-off ■ Kitoko is Ivanhoe's fifth high-grade sedimentary copper discovery in the DRC ■ Mineralogical characteristics of Kitoko are most similar to those of the tier-one Kakula copper orebody ■ Discovery zone traced over a [...]
22,195 square kilometres of prospecting rights granted in Moxico and Cuando Cubango provinces Licence package equivalent to half the size of Switzerland Project mobilization to commence in Q1 2024 United States Geological Survey also signs MOU with Geological Institute of Angola for the mapping of the country's critical minerals Ivanhoe Mines [...]
Makoko contains Indicated Mineral Resource of 16 million tonnes at 3.55% copper plus Inferred Mineral Resource of 154 million tonnes at 1.97% copper using a 1.5% copper cut-off Kiala contains Indicated Mineral Resource of 5 million tonnes at 3.56% copper using a 1.5% copper cut-off Makoko ranks as the world's third-largest and highest-grade copper [...]
Ivanhoe Mines is responding today to media reports pertaining to the status of trucking shipments in the Democratic Republic of Congo in relation to a third-party labour dispute. Operations at the Kamoa-Kakula Copper Complex have continued as normal, and as of November 9, major shipments took place from the mine gate, with further shipments taking [...]
Kamoa-Kakula Copper Complex sold 96,509 tonnes of payable copper in Q3 2023, recognized quarterly revenue of $695 million and EBITDA of $423 million Ivanhoe Mines adjusted EBITDA of $152 million for Q3 2023, compared with $85 million for Q3 2022 Ivanhoe Mines recorded a quarterly profit of $108 million, driven by income from the Kamoa-Kakula joint [...]
Kamoa-Kakula carbon emissions per unit of copper set to reduce by 46% following completion of 500,000 tonne-per-annum, on-site smelter from Q4 2024 State-of-the-art copper smelter expected to rank as fourth lowest carbon-emitting smelter in the world Refurbishment of Turbine #5 at Inga II dam 50% complete; on-schedule and on-budget to produce 178MW [...]
Ivanhoe Mines will release its third quarter 2023 financial results before market open on Monday, November 6, 2023. The company will hold an investor conference call to discuss the results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same day. The conference call will conclude with a question-and-answer session. Media are invited to [...]
Ceremony held in Ulaanbaatar celebrating Mr. Friedland's valuable contributions to Mongolia's mining industry Ivanhoe Mines and Ivanhoe Electric congratulate Founder and Executive Co-Chairman of Ivanhoe Mines, and Founder and Executive Chairman of Ivanhoe Electric, Robert Friedland on receiving Mongolia's Order of the Polar Star. The award [...]
Opening ceremony also attended by DRC First Lady, Prime Minister and other national and provincial dignitaries The Kamoa Centre of Excellence is an education facility to produce the future leaders of the DRC mining industry Inaugural class of Congolese students enrolled in September Ivanhoe Mines Executive Co-Chair Robert Friedland and President [...]