Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025
Ivanhoe Mines (IVPAF) reported strong production results for early 2025. The Kamoa-Kakula Copper Complex achieved near-record copper production of 45,477 tonnes in January and 40,849 tonnes in February, with daily averages of 1,467 tpd and 1,459 tpd respectively.
The complex is currently powered by approximately 100 MW of hydroelectric power, with discussions advancing to increase imported power by 20 MW. The facility's total power requirement is 240 MW, with backup diesel generators supplying up to 50 MW.
The company's Project 95 initiative, aimed at increasing concentrator recoveries from 87% to 95%, is 20% complete and on schedule for Q1 2026 completion. With a capital expenditure of $180 million, it's expected to increase annual copper production by up to 30,000 tonnes.
The Kipushi zinc mine achieved record production of 16,063 tonnes in January and 11,903 tonnes in February, with concentrator recoveries averaging 88% and concentrate grade at 53% zinc. The mine recently reached its nameplate milling rate of 2,000 tonnes per day.
Ivanhoe Mines (IVPAF) ha riportato risultati di produzione solidi per l'inizio del 2025. Il Kamoa-Kakula Copper Complex ha raggiunto una produzione di rame quasi record di 45.477 tonnellate a gennaio e 40.849 tonnellate a febbraio, con medie giornaliere di 1.467 tpd e 1.459 tpd rispettivamente.
Il complesso è attualmente alimentato da circa 100 MW di energia idroelettrica, con discussioni in corso per aumentare l'energia importata di 20 MW. Il fabbisogno totale di energia dell'impianto è di 240 MW, con generatori diesel di emergenza che forniscono fino a 50 MW.
L'iniziativa Project 95 dell'azienda, mirata ad aumentare i recuperi del concentratore dall'87% al 95%, è completata al 20% ed è in programma per il completamento nel primo trimestre del 2026. Con una spesa in conto capitale di 180 milioni di dollari, si prevede che aumenterà la produzione annuale di rame fino a 30.000 tonnellate.
La miniera di zinco Kipushi ha raggiunto una produzione record di 16.063 tonnellate a gennaio e 11.903 tonnellate a febbraio, con recuperi del concentratore che mediamente si attestano all'88% e un grado di concentrazione del 53% di zinco. La miniera ha recentemente raggiunto il suo tasso di macinazione nominale di 2.000 tonnellate al giorno.
Ivanhoe Mines (IVPAF) reportó resultados de producción sólidos para principios de 2025. El Kamoa-Kakula Copper Complex logró una producción de cobre casi récord de 45,477 toneladas en enero y 40,849 toneladas en febrero, con promedios diarios de 1,467 tpd y 1,459 tpd respectivamente.
El complejo está actualmente alimentado por aproximadamente 100 MW de energía hidroeléctrica, con discusiones avanzando para aumentar la energía importada en 20 MW. El requerimiento total de energía de la instalación es de 240 MW, con generadores diésel de respaldo que suministran hasta 50 MW.
La iniciativa Project 95 de la compañía, destinada a aumentar las recuperaciones del concentrador del 87% al 95%, está completada en un 20% y en camino a finalizarse en el primer trimestre de 2026. Con un gasto de capital de 180 millones de dólares, se espera que aumente la producción anual de cobre en hasta 30,000 toneladas.
La mina de zinc Kipushi alcanzó una producción récord de 16,063 toneladas en enero y 11,903 toneladas en febrero, con recuperaciones del concentrador que promedian el 88% y un grado de concentración del 53% de zinc. La mina recientemente alcanzó su tasa de molienda nominal de 2,000 toneladas por día.
Ivanhoe Mines (IVPAF)는 2025년 초 강력한 생산 결과를 보고했습니다. Kamoa-Kakula Copper Complex는 1월에 45,477톤, 2월에 40,849톤의 거의 기록적인 구리 생산량을 달성했으며, 각각 1,467 tpd 및 1,459 tpd의 일일 평균을 기록했습니다.
현재 이 복합체는 약 100MW의 수력 전력으로 운영되고 있으며, 수입 전력을 20MW 증가시키기 위한 논의가 진행되고 있습니다. 시설의 총 전력 요구량은 240MW이며, 백업 디젤 발전기가 최대 50MW를 공급합니다.
회사의 Project 95 이니셔티브는 농축기 회수율을 87%에서 95%로 높이는 것을 목표로 하며, 현재 20% 완료되어 2026년 1분기 완료 예정입니다. 1억 8천만 달러의 자본 지출로 연간 구리 생산량을 최대 30,000톤 증가시킬 것으로 예상됩니다.
Kipushi 아연 광산은 1월에 16,063톤, 2월에 11,903톤의 기록적인 생산량을 달성했으며, 농축기 회수율은 평균 88%, 농축물의 아연 함량은 53%입니다. 이 광산은 최근 2,000톤의 일일 처리 속도에 도달했습니다.
Ivanhoe Mines (IVPAF) a rapporté de solides résultats de production pour début 2025. Le Kamoa-Kakula Copper Complex a atteint une production de cuivre presque record de 45 477 tonnes en janvier et de 40 849 tonnes en février, avec des moyennes journalières de 1 467 tpd et 1 459 tpd respectivement.
Le complexe est actuellement alimenté par environ 100 MW d'énergie hydroélectrique, avec des discussions en cours pour augmenter l'énergie importée de 20 MW. Le besoin total en énergie de l'installation est de 240 MW, avec des générateurs diesel de secours fournissant jusqu'à 50 MW.
L'initiative Project 95 de l'entreprise, visant à augmenter les taux de récupération du concentrateur de 87 % à 95 %, est à 20 % d'achèvement et devrait être terminée au premier trimestre 2026. Avec des dépenses en capital de 180 millions de dollars, on s'attend à ce que cela augmente la production annuelle de cuivre de jusqu'à 30 000 tonnes.
La mine de zinc Kipushi a atteint une production record de 16 063 tonnes en janvier et de 11 903 tonnes en février, avec des taux de récupération du concentrateur moyens de 88 % et un grade de concentré de 53 % de zinc. La mine a récemment atteint son taux de broyage nominal de 2 000 tonnes par jour.
Ivanhoe Mines (IVPAF) berichtete über starke Produktionszahlen für Anfang 2025. Der Kamoa-Kakula Copper Complex erzielte im Januar eine nahezu rekordverdächtige Kupferproduktion von 45.477 Tonnen und im Februar 40.849 Tonnen, mit täglichen Durchschnittswerten von 1.467 tpd und 1.459 tpd.
Der Komplex wird derzeit von etwa 100 MW Wasserkraft betrieben, während Gespräche zur Erhöhung der importierten Energie um 20 MW voranschreiten. Der gesamte Energiebedarf der Anlage beträgt 240 MW, wobei Backup-Dieselgeneratoren bis zu 50 MW liefern.
Die Initiative Project 95 des Unternehmens, die darauf abzielt, die Rückgewinnung des Konzentrators von 87% auf 95% zu erhöhen, ist zu 20% abgeschlossen und liegt im Zeitplan für den Abschluss im ersten Quartal 2026. Mit einer Investition von 180 Millionen US-Dollar wird erwartet, dass die jährliche Kupferproduktion um bis zu 30.000 Tonnen steigt.
Die Kipushi-Zinkmine erzielte im Januar eine Rekordproduktion von 16.063 Tonnen und im Februar 11.903 Tonnen, wobei die Rückgewinnung des Konzentrators im Durchschnitt bei 88% lag und der Gehalt des Konzentrats bei 53% Zink. Die Mine erreichte kürzlich ihre nominelle Mahrrate von 2.000 Tonnen pro Tag.
- Near-record copper production in early 2025: 45,477 tonnes in January, 40,849 tonnes in February
- Kipushi achieved record zinc production of 16,063 tonnes in January
- Project 95 on schedule and 20% complete, set to increase copper production by 30,000 tonnes annually
- Kipushi reached nameplate milling rate of 2,000 tonnes per day
- Improving hydroelectric power availability from Cahora Bassa dam
- Operating at only two-thirds of required power capacity (100MW vs 240MW needed)
- 36MW of backup generator capacity remains damaged
- $180 million capital expenditure required for Project 95
- Reliance on diesel generators for one-third of power needs
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - March 5, 2025) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete announced today an update on year-to-date production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC.
Kamoa-Kakula delivered near-record copper production in January of 45,477 tonnes and 40,849 tonnes during the shorter month of February. Daily copper production averaged over each month totaled 1,467 tonnes per day (tpd) in January and 1,459 tpd in February. These achievements are just short of the record 1,518 tpd of copper production achieved in December 2024.
In addition, copper production during the last week of February was 11,122 tonnes of copper. This is equivalent to an annualized production rate of over 578,000 tonnes of copper, which is at the top end of 2025 annual guidance. As announced on January 8, 2025, Kamoa-Kakula's 2025 copper production guidance is 520,000 to 580,000 tonnes of copper.
Figure 1: Kamoa-Kakula's monthly copper production growth since January 2024, presented in the chart as tonnes per day averaged over the month, with the equivalent annualized production rate above.
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Kamoa-Kakula's power availability improving as the Southern Africa wet season gathers pace
Since the start of the year, Kamoa-Kakula's Phase 1, 2 and 3 operations have been powered by approximately 100 MW of domestically-generated and imported hydroelectric power. This is equivalent to approximately two-thirds of the operation's total requirement, with the remaining sourced from installed on-site, diesel-generated back up power. Discussions are well advanced to increase imported hydroelectric power by a further 20 MW by month-end.
Water levels have recently improved at the Cahora Bassa hydroelectric dam in Mozambique, where the majority of Kamoa-Kakula's imported power is sourced, as well as the Kariba hydroelectric dam in Zambia.
As reported on the Club of Mozambique website on March 4, 2025; "Current water levels in the Cahora Bassa reservoir guarantee the production of electricity until the last quarter of this year. This is the result of the water reserves accumulated during this rainy season, after levels fell to
Repairs to damaged on-site back up generators progressing well
Kamoa-Kakula has over 190 megawatts (MW) of on-site, diesel-generated back up power installed. Currently, the on-site diesel generators are used to supply up to 50 MW, or approximately one-third, of Kamoa-Kakula's operational requirements.
Of the total 190 MW installed, 36 MW of generator capacity was damaged and are undergoing repair, as reported on January 8, 2025.
Total power required to operate the Phase 1, 2, and 3 operations, as well as the smelter at full capacity, is approximately 240 MW. Discussions to secure additional grid-supplied power dedicated for the heat-up of Kamoa-Kakula's smelter are advancing. The operations team are expecting heat-up to commence in May or June 2025 as previously announced.
Kamoa-Kakula's senior management and projects team celebrating the completion of the on-site copper smelter and the first delivery of concentrate from Kamoa-Kakula to the concentrate blending facility
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Kamoa-Kakula's Project 95 is
The "Project 95" initiative on Kamoa-Kakula's Phase 1 and 2 concentrators is expected to increase concentrator recoveries to
Kamoa-Kakula's Project 95 is advancing well at
Civil works of Project 95 are advancing well, as shown in the foreground, with the adjacent Phase 1 and 2 concentrators in the background.
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For a capital expenditure of
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Kipushi produced a record 16,063 tonnes of zinc in January; nameplate milling rate recently achieved
The ramp up of the Kipushi concentrator is ongoing, with a record 16,063 tonnes of zinc produced in January and 11,903 tonnes of zinc produced during the shorter month of February. Kipushi's production rates on an annualized basis are approaching its 2025 guidance range of 180,000 to 240,000 tonnes of zinc in concentrate. In addition, since the start of 2025, concentrator recoveries have averaged approximately
Kipushi is targeting a production rate of over 250,000 tonnes of zinc in concentrate for 2026, following the completion of the debottlenecking program that is on schedule for late Q3 2025.
Kipushi's 800,000-tonnes-per-annum concentrator achieved nameplate milling rate in the past month.
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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 ramp-up of the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the phased development of the tier-one Platreef palladium-nickel-platinum-rhodium-copper-gold project in South Africa.
Ivanhoe Mines also is exploring its highly prospective, 60
Information contact
Follow Robert Friedland (@robert_ivanhoe) and Ivanhoe Mines (@IvanhoeMines_) on X.
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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 Kamoa-Kakula’s Phase 1, 2 and 3 operations are powered by approximately 100 MW of domestically-generated and imported hydroelectric power and that discussions are well advanced to increase imported hydroelectric power by a further 20 MW by month-end; (ii) statements that total power required to operate the Phase 1, 2, and 3 operations, as well as the smelter at full capacity, is approximately 240 MW. Further, discussions to secure additional grid-supplied power dedicated for the heat-up of Kamoa-Kakula’s smelter are advancing and heat-up is expected to commence in May or June 2025; (iii) statements that the Project 95 initiative is expected to increase annualized copper production by up to 30,000 tonnes, at an industry-leading capital intensity of
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 12 months ended December 31, 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 12 months ended December 31, 2024 and its current annual information form.
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FAQ
What is Kamoa-Kakula's copper production guidance for 2025?
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