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 [...]
Kamoa-Kakula milled 2.24 million tonnes of ore during the quarter at an average grade of 5.55% copper Kamoa-Kakula has produced 301,336 tonnes copper year-to-date, well on track to achieve 2023 guidance Phase 3 concentrator, smelter and hydropower project on schedule for Q4 2024 start Kamoa 1 and Kansoko underground access tunnels successfully [...]
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 [...]
