Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 41,800 Tonnes in October
Ivanhoe Mines reported record copper production at its Kamoa-Kakula Copper Complex in October 2024, achieving 41,800 tonnes of copper in concentrate and processing 1.2 million tonnes of ore. The Phase 3 concentrator demonstrated exceptional performance, milling 19,198 tonnes of ore in 24 hours on October 21, operating 30% above nameplate capacity. Year-to-date copper production reached 345,042 tonnes. The complex achieved a peak daily production of 1,720 tonnes of copper on October 12, equivalent to an annualized rate of 580,000 tonnes. The direct-to-blister copper smelter is 94% complete, scheduled for year-end completion, and will produce up to 700,000 tonnes of sulphuric acid annually as a by-product.
Ivanhoe Mines ha riportato una produzione record di rame presso il suo Complesso di Rame Kamoa-Kakula nel mese di ottobre 2024, raggiungendo 41.800 tonnellate di rame in concentrato e trattando 1,2 milioni di tonnellate di minerale. Il concentratore di Fase 3 ha dimostrato prestazioni eccezionali, macinando 19.198 tonnellate di minerale in 24 ore il 21 ottobre, operando a un livello superiore del 30% rispetto alla capacità nominale. La produzione di rame dall'inizio dell'anno ha raggiunto 345.042 tonnellate. Il complesso ha raggiunto una produzione giornaliera massima di 1.720 tonnellate di rame il 12 ottobre, equivalente a un tasso annualizzato di 580.000 tonnellate. L'impianto di fusione del rame diretto a blister è completato al 94%, con programmazione di completamento entro la fine dell'anno, e produrrà fino a 700.000 tonnellate di acido solforico all'anno come sottoprodotto.
Ivanhoe Mines informó una producción récord de cobre en su Complejo de Cobre Kamoa-Kakula en octubre de 2024, logrando 41.800 toneladas de cobre en concentrado y procesando 1,2 millones de toneladas de mineral. El concentrador de Fase 3 demostró un rendimiento excepcional, moliendo 19.198 toneladas de mineral en 24 horas el 21 de octubre, operando un 30% por encima de la capacidad nominal. La producción de cobre acumulada hasta la fecha alcanzó las 345.042 toneladas. El complejo logró una producción diaria máxima de 1.720 toneladas de cobre el 12 de octubre, equivalente a una tasa anualizada de 580.000 toneladas. La fundición de cobre directo a blister está al 94% de su finalización, con una programación para ser completada a fin de año, y producirá hasta 700.000 toneladas de ácido sulfúrico anualmente como subproducto.
이반호 광업(Ivanhoe Mines)는 2024년 10월 카모아-카쿨라(Copper Complex)에서 기록적인 구리 생산량을 보고하였으며, 41,800톤의 구리를 농축하여 120만 톤의 광석을 처리했습니다. 3단계 농축기는 10월 21일 24시간 동안 19,198톤의 광석을 처리하며 이름표 용량보다 30% 높은 성능을 보여주었습니다. 현재까지의 구리 생산량은 345,042톤에 이르렀습니다. 이 복합체는 10월 12일 하루 최대 구리 생산량 1,720톤을 기록하였으며, 이는 연간 580,000톤에 해당합니다. 블리스터 직송 구리 제련소는 94% 완공되었으며, 연말에 완료될 예정이며 부수산물로 연간 최대 700,000톤의 황산을 생산할 것입니다.
Ivanhoe Mines a annoncé une production record de cuivre dans son Complexe de Cuivre Kamoa-Kakula en octobre 2024, avec 41.800 tonnes de cuivre en concentré et un traitement de 1,2 million de tonnes de minerai. Le concentrateur de Phase 3 a montré une performance exceptionnelle, broyant 19.198 tonnes de minerai en 24 heures le 21 octobre, fonctionnant à 30 % au-dessus de la capacité nominale. La production de cuivre depuis le début de l'année a atteint 345.042 tonnes. Le complexe a atteint une production quotidienne maximale de 1.720 tonnes de cuivre le 12 octobre, ce qui équivaut à un taux annualisé de 580.000 tonnes. La fonderie de cuivre directe à blister est achevée à 94 %, prévue pour être terminée d'ici la fin de l'année, et produira jusqu'à 700.000 tonnes d'acide sulfurique par an en tant que sous-produit.
Ivanhoe Mines berichtete von einer Rekordproduktion von Kupfer in seinem Kupferkomplex Kamoa-Kakula im Oktober 2024, mit 41.800 Tonnen Kupferkonzentrat und einer Verarbeitung von 1,2 Millionen Tonnen Erz. Der Phase-3-Konzentrator zeigte eine außergewöhnliche Leistung und mahlte am 21. Oktober 19.198 Tonnen Erz in 24 Stunden, was 30 % über der Nennkapazität liegt. Die Kupferproduktion seit Jahresbeginn erreichte 345.042 Tonnen. Der Komplex erreichte am 12. Oktober eine maximale Tagesproduktion von 1.720 Tonnen Kupfer, was einer annualisierten Rate von 580.000 Tonnen entspricht. Der Direkt-zu-Blister-Kupferschmelzofen ist zu 94 % fertiggestellt und soll bis Ende des Jahres abgeschlossen werden; er wird bis zu 700.000 Tonnen Schwefelsäure pro Jahr als Nebenprodukt produzieren.
- Record monthly copper production of 41,800 tonnes in October
- Phase 3 concentrator operating 30% above nameplate capacity
- Peak daily production equivalent to 580,000 tonnes annualized rate
- Year-to-date copper production of 345,042 tonnes
- Smelter construction 94% complete and on schedule
- None.
Phase 1, 2, and 3 concentrators produced a record 1,720 tonnes of copper in concentrate over 24 hours on October 12
Phase 3 concentrator milled a record 19,198 tonnes of ore on October 21, equivalent to
Phase 3 concentrator ramp-up complete and operating at steady-state since early October
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 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 41,800 tonnes of copper in concentrate and a combined monthly milling record of 1.2 million tonnes in October. Copper production from Kamoa-Kakula now totals 345,042 tonnes of copper for the year to October 31, 2024.
On October 12, 2024, the Phase 1, 2, and 3 concentrators combined milled a record 50,253 tonnes of ore and produced a record 1,720 tonnes of copper. This is equivalent to an annualized milling rate of 16.9 million tonnes per annum and an annualized production rate of approximately 580,000 tonnes of copper, after accounting for availability. Over the same 24-hour period, the Phase 1 and 2 concentrators milled a record 31,463 tonnes of ore, equivalent to an annualized milling rate of 10.6 million tonnes per annum, which is
Ivanhoe Founder and Executive Co-Chairman Robert Friedland commented:
"Kamoa-Kakula production is accelerating into year-end. In October we reached a remarkable milestone by exceeding the annualized production rate of 500,000 tonnes of copper, placing us among the top-tier of copper producers globally. Our successful three-phase delivery of the world's newest and greenest tier-one copper mining complex was consistently achieved ahead of schedule ... a triple-crown achievement that is a pink unicorn in our industry... Ivanhoe's growth story is just beginning… We're nearing completion of the engineering for Kamoa-Kakula's Phase 4 expansion and making significant strides across our Western Foreland exploration licenses with 11 drill rigs turning."
The Phase 3 concentrator also milled a record 448,478 tonnes of ore during October, which was a month-on-month increase of
Construction of the Kamoa 1 and 2 underground-to-surface ore conveyor system, similar in design to that at Kakula, as well as the first underground truck tip, are now complete and undergoing commissioning. This enables ore mined from the Kamoa 1 and 2 underground mines to be fed directly into the Phase 3 concentrator, rather than drawing on surface low-grade stockpiles that were regularly used during ramp-up.
The Phase 3 concentrator will now be fed predominantly with run-of-mine (ROM) ore from the Kamoa 1 and 2 underground mines, supplemented where necessary by surface stockpiles. The Phase 3 concentrator recovery rate averaged
The direct-to-blister copper smelter (left) is over
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The final stages of construction completion are underway at the smelter, including the insulation of the off-gas ducting system. Off-gases, which contain acid as well as waste heat, are captured from the furnace building and recycled.
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Captured sulphuric acid from the smelter's furnace building will be sold to mining operations on the DRC Copperbelt. The smelter is expected to produce approximately up to 700,000 tonnes of high-strength sulphuric acid annually as a by-product.
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Construction of the smelter's fugitive-off-gas handling building, located adjacent to the furnace building, is nearing completion.
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Waste heat captured from the furnace building is recycled to generate 8 megawatts of electricity, which will be used as supplementary power for the smelter operations.
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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
Information contact
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Vancouver: Matthew Keevil +1.604.558.1034
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Tanya Todd +1.604.331.9834
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 the Phase 3 concentrator will continue to process surface stockpiles during the fourth quarter, but that it will be increasingly supplemented with development ore from the Kamoa 1 and 2 underground mines; (ii) statements that the heat captured from the smelter furnaces will be recycled and used as supplementary power for the smelter operations; and (iii) statements that the captured Sulphuric acid from the smelter furnaces will be sold to mining operations on the DRC Copperbelt and that the smelter is expected to produce approximately up to 700,000 tonnes of high strength sulphuric acid annually as a by-product.
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 nine months ended September 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 nine months ended September 30, 2024 and its current annual information form.
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FAQ
What was Ivanhoe Mines (IVPAF) copper production at Kamoa-Kakula in October 2024?
When will the Kamoa-Kakula smelter construction be completed?
What is the Phase 3 concentrator's performance above nameplate capacity?
