Ivanhoe Mines regrets to report that a fatal accident has occurred at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo . A fatal accident occurred underground at the Kakula mine when Mr. Mick Ilunga, a contractor drill rig operator, was struck by a fall of ground. A second contractor drill rig operator is receiving medical [...]
Up to 10,000 tonnes of copper concentrate to be exported via Angolan Lobito Ocean Port in Q4 2023 MOU is first commercial agreement under new concession for exporting metals from the DRC using the Lobito Atlantic Rail Corridor Distance from Kamoa-Kakula to Lobito Port is just over half that compared with Durban, South Africa Rail corridor passes [...]
Kamoa-Kakula Copper Complex sold 101,526 tonnes of payable copper in Q2 2023 and recognized record quarterly revenue of $702 million and EBITDA of $457 million Ivanhoe Mines recorded Adjusted EBITDA of $172 million for Q2 2023, compared with $101 million for the same period in 2022 Ivanhoe Mines recorded a quarterly profit of $87 million, driven by [...]
Results indicate a significant improvement in total recoveries can be achieved by liberating copper from tailings stream Based on these results, Kamoa-Kakula can further increase production, revenues and cash flow Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete are pleased to provide an update on preliminary test work [...]
Ivanhoe Mines will release its second quarter 2023 financial results before market open on Thursday, August 3, 2023. The company will hold an investor conference call to discuss the Q2 2023 financial results at 10:30 a.m. Eastern Standard Time / 7:30 a.m. Pacific Standard Time / 4:30 p.m. Central European Time on the same day. The conference call [...]
Ivanhoe welcomes Weibao "Webber" Hao as Non-Executive Co-Chairman and Director Ivanhoe Mines Founder and Executive Co-Chairman Robert Friedland and President Marna Cloete today announced the retirement of Non-Executive Co-Chairman and Director Yufeng "Miles" Sun. In addition, the company is pleased to announce the appointment of Weibao "Webber" Hao [...]
Kamoa-Kakula achieves 11% quarter-on-quarter increase in copper production Kamoa-Kakula milled a record 2.2 million tonnes of ore during the quarter at an average grade of 5.2% copper Kamoa-Kakula sets a new weekly production record of 9,710 tonnes of copper New daily average milling record of approximately 30,000 tonnes achieved in July Ball mill [...]
Ivanhoe Mines is pleased to report that the company's President Marna Cloete has been featured in the newly-released "Changing the face of mining" report from global law firm White & Case LLP, headquartered in New York City, USA, and ARCH Emerging Markets Partners of London, United Kingdom. The mining industry is going through a period of deep [...]
Ivanhoe Mines announces results of voting for the election of directors Ivanhoe Mines announced the results of voting by shareholders for the election of the Board of Directors during the company's Annual General and Special Meeting held earlier today. Ivanhoe Mines Co-Chairman Robert Friedland and President Marna Cloete also are very pleased to [...]
Ivanhoe Mines to join BHP as an investor in I-Pulse, a global leader in pulsed-power technology Ivanhoe Mines intends to enter into collaboration agreement with I-ROX, an I-Pulse subsidiary, to investigate and develop applications for pulsed-power technology in the mining sector Kamoa-Kakula Copper Complex to commence test program with I-ROX [...]
Monthly copper production equivalent to annual production of approximately 430,000 tonnes New daily ore milling record achieved at Kamoa-Kakula, equivalent to an annual rate of approximately 9.8 million tonnes Phase 1 and 2 concentrators continue to operate at above-design copper recoveries Phase 3 expansion and smelter advancing on schedule for [...]
Ivanhoe Mines to release Kamoa-Kakula production results for month of May on Monday, June 5 Ivanhoe Mines announced today that it is not aware 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 release production results for the month of [...]