Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 40,347 Tonnes in August
Ivanhoe Mines announced record copper production at its Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. In August, the Phase 1, 2, and 3 concentrators achieved a combined monthly production record of 40,347 tonnes of copper in concentrate and a milling record of 1.1 million tonnes. A daily production record of 2,096 tonnes of copper was set on August 31. The Phase 3 concentrator is nearing steady-state production, with hot commissioning of fine-grinding mills expected to be completed soon, potentially boosting recoveries to the nameplate target of 86%.
Year-to-date production is approximately 263,000 tonnes of copper, with 14,000 tonnes from Phase 3. Kamoa-Kakula expects to achieve its 2024 guidance of 440,000 to 490,000 tonnes of copper. On-site backup power generation capacity has been increased to 135 MW, ensuring full operation of Phase 1 and 2 concentrators even without grid power.
Ivanhoe Mines ha annunciato una produzione record di rame presso il suo Complesso Copper Kamoa-Kakula nella Repubblica Democratica del Congo. Ad agosto, i concentratori delle Fasi 1, 2 e 3 hanno raggiunto un record di produzione mensile combinata di 40.347 tonnellate di rame in concentrate e un record di macinazione di 1,1 milioni di tonnellate. Un record di produzione giornaliero di 2.096 tonnellate di rame è stato stabilito il 31 agosto. Il concentratore della Fase 3 è vicino alla produzione stabile, con la messa in servizio dei mulini a fine macinazione che dovrebbe essere completata a breve, potenzialmente aumentando i recuperi al target nominale dell'86%.
La produzione dall'inizio dell'anno è di circa 263.000 tonnellate di rame, con 14.000 tonnellate provenienti dalla Fase 3. Kamoa-Kakula prevede di raggiungere la sua guida per il 2024 di 440.000 a 490.000 tonnellate di rame. La capacità di generazione di energia di backup in loco è stata aumentata a 135 MW, garantendo il pieno funzionamento dei concentratori delle Fasi 1 e 2 anche in assenza di energia dalla rete.
Ivanhoe Mines anunció una producción récord de cobre en su Complejo de Cobre Kamoa-Kakula en la República Democrática del Congo. En agosto, los concentradores de las Fases 1, 2 y 3 lograron un récord de producción mensual combinada de 40,347 toneladas de cobre en concentrado y un récord de molienda de 1.1 millones de toneladas. Se estableció un récord de producción diaria de 2,096 toneladas de cobre el 31 de agosto. El concentrador de la Fase 3 se está acercando a una producción estable, y se espera que la puesta en marcha de los molinos de molienda fina se complete pronto, lo que podría aumentar los recuperos al objetivo nominal del 86%.
La producción acumulada hasta la fecha es de aproximadamente 263,000 toneladas de cobre, de las cuales 14,000 toneladas provienen de la Fase 3. Kamoa-Kakula espera alcanzar su guía para 2024 de 440,000 a 490,000 toneladas de cobre. La capacidad de generación de energía de respaldo en el sitio se ha incrementado a 135 MW, asegurando el funcionamiento completo de los concentradores de las Fases 1 y 2 incluso sin suministro eléctrico de la red.
Ivanhoe Mines는 콩고 민주 공화국에 위치한 Kamoa-Kakula Copper Complex에서 기록적인 구리 생산을 발표했습니다. 8월에 1, 2, 3단계 농축기가 함께 40,347톤의 구리 농축물 생산 기록을 세웠고, 분쇄 기록은 1.1백만 톤에 달했습니다. 8월 31일에 2,096톤의 구리 일일 생산 기록이 세워졌습니다. 3단계 농축기는 안정적인 생산에 가까워지고 있으며, 미세 분쇄 기계의 뜨거운 가동이 곧 완료될 것으로 예상되어, 회수율이 명목 목표인 86%에 도달할 수 있습니다.
올해까지의 총 생산량은 약 263,000톤의 구리로, 이 중 14,000톤이 3단계에서 나왔습니다. Kamoa-Kakula는 2024년 안내 목표인 440,000~490,000톤의 구리를 달성할 것으로 기대하고 있습니다. 현장의 백업 전력 생성 용량은 135 MW로 증가하여, 전력망 전원이 없더라도 1단계 및 2단계 농축기의 전면 운영이 보장됩니다.
Ivanhoe Mines a annoncé une production record de cuivre dans son Complexe de Cuivre Kamoa-Kakula en République Démocratique du Congo. En août, les concentrateurs des Phases 1, 2 et 3 ont atteint un record mensuel combiné de 40 347 tonnes de cuivre en concentré et un record de broyage de 1,1 million de tonnes. Un record de production quotidienne de 2 096 tonnes de cuivre a été établi le 31 août. Le concentrateur de la Phase 3 est proche d'une production stable, avec la mise en service des moulins de broyage fin qui devrait être achevée prochainement, ce qui pourrait augmenter les récupérations au niveau de l'objectif nominal de 86%.
La production depuis le début de l'année est d'environ 263 000 tonnes de cuivre, dont 14 000 tonnes proviennent de la Phase 3. Kamoa-Kakula prévoit d'atteindre son objectif pour 2024 de 440 000 à 490 000 tonnes de cuivre. La capacité de production d'énergie de secours sur site a été augmentée à 135 MW, assurant le plein fonctionnement des concentrateurs des Phases 1 et 2 même sans alimentation électrique du réseau.
Ivanhoe Mines hat eine Rekordproduktion von Kupfer in seinem Kamoa-Kakula Kupferkomplex in der Demokratischen Republik Kongo angekündigt. Im August erreichten die Konzentratoren der Phasen 1, 2 und 3 einen kombinierten monatlichen Produktionsrekord von 40.347 Tonnen Kupferkonzentrat und einen Mühlungsrekord von 1,1 Millionen Tonnen. Am 31. August wurde ein täglicher Produktionsrekord von 2.096 Tonnen Kupfer aufgestellt. Der Phasen-3-Konzentrat ist nahe einer stabilen Produktion, da die heiße Inbetriebnahme der Feinmahlmühlen voraussichtlich bald abgeschlossen sein wird, was die Rückgewinnungen möglicherweise auf das Nennziel von 86% steigern könnte.
Die Produktion seit Jahresbeginn beträgt etwa 263.000 Tonnen Kupfer, davon 14.000 Tonnen aus Phase 3. Kamoa-Kakula erwartet, seine Prognose für 2024 von 440.000 bis 490.000 Tonnen Kupfer zu erreichen. Die Erzeugungskapazität für Notstrom vor Ort wurde auf 135 MW erhöht, wodurch der volle Betrieb der Konzentratoren der Phasen 1 und 2 auch ohne Netzstrom sichergestellt wird.
- Record monthly copper production of 40,347 tonnes in August
- New daily production record of 2,096 tonnes of copper on August 31
- Phase 3 concentrator ramp-up progressing well, nearing steady-state production
- Year-to-date production of approximately 263,000 tonnes of copper
- On-site backup power generation capacity increased to 135 MW
- Company on track to meet 2024 production guidance of 440,000-490,000 tonnes of copper
- Phase 3 concentrator recovery rate averaged 77% in August, below the nameplate target of 86%
Kamoa-Kakula achieved new daily production record of 2,096 tonnes of copper on August 31
Phase 3 ramp-up nears completion; hot commissioning of fine-grinding circuit expected to be complete imminently
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - September 4, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that the Phase 1, 2 and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a combined monthly production record of 40,347 tonnes of copper in concentrate and a combined monthly milling record of 1.1 million tonnes during August.
On August 31, the Phase 1, 2 and 3 concentrators produced a combined daily production record of 2,096 tonnes of copper. This included 1,760 tonnes of copper from the Phase 1 and 2 concentrators, which was also a record.
Ramp-up of the Phase 3 concentrator to steady state production is progressing well, with approximately 350,000 tonnes of ore milled during August. This equates to an annualized throughout of 4.2 million tonnes per annum. The average daily milling rate was approaching the nameplate annualized processing rate of 5 million tonnes by month-end, with the potential to exceed nameplate.
The Phase 3 concentrator recovery rate averaged
During August, the on-site backup power generation capacity was increased to 135 MW, following the commissioning of an additional 72 MW of generators that were delivered to site in July. With this additional backup power, Kamoa-Kakula can operate Phase 1 and 2 concentrators at full capacity with no grid power if required.
Year-to-date, the combined production from Kamoa-Kakula is approximately 263,000 tonnes of copper, of which 14,000 tonnes was produced by the Phase 3 concentrator. With further improvements in processing throughput and copper recovery following the commissioning of the fine-grinding mills in the Phase 3 concentrator, Kamoa-Kakula expects to continue its recent run of production records and achieve its 2024 guidance of between 440,000 and 490,000 tonnes of copper.
Ramp-up of the Phase 3 concentrator to steady state production is progressing well, with hot commissioning of the fine-grinding mills expected to be complete imminently, boosting recoveries to the nameplate target of
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3396/222096_b502d514f4f858e2_002full.jpg
The Phase 3 concentrator, showing the rougher, cleaner and scavenger flotation cells in the centre, with the ball mills in the background on the right. The fine-grinding mills regrind scavenger concentrate and high-grade cleaner tailings to improve copper recovery, and increase the concentrate copper grade.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3396/222096_b502d514f4f858e2_003full.jpg
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-nickel-platinum-rhodium-copper-gold project in South Africa; and the restart of production at the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC.
Ivanhoe Mines also is exploring across circa 1,808 km2 of highly prospective, 60
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Forward-looking statements
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified using words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events, or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this release.
Such statements include without limitation: (i) statements that hot commissioning of the fine-grinding mills is expected to be completed in the coming days; (ii) statements that once hot commissioning of the fine-grinding mills is completed, copper recovery rates at the Kamoa-Kakula Copper Complex are expected to reach the concentrator's nameplate target of
Furthermore, concerning this specific forward-looking information concerning the operation and development of the Kamoa-Kakula Copper Complex, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development and exploration; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) the ability to raise sufficient capital to develop such projects; (xvi) changes in project scope or design; (xvii) recoveries, mining rates and grade; (xviii) political factors; (xviii) water inflow into the mine and its potential effect on mining operations, and (xix) the consistency and availability of electric power.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indicators of whether such results will be achieved. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, however not limited to, the factors discussed above and under the "Risk Factors" and elsewhere in the company's MD&A for the three and six months ended June 30, 2024 and in its current annual information form, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
Although the forward-looking statements contained in this release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.
The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors outlined in the "Risk Factors" section in the company's MD&A for the three and six months ended June 30, 2024 and its current annual information form.
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