Ivanhoe Mines Responds to Media Reports on Trucking Strike in the Democratic Republic of Congo

Rhea-AI Summary

Ivanhoe Mines (IVN) Responds to Media Reports on Trucking Shipments in DRC, Assures No Material Impact on Kamoa-Kakula Operations

Positive

• Kamoa-Kakula Copper Complex operations continue as normal
• Major shipments occurred on November 9 with further shipments ongoing
• Management working proactively with DRC government to mitigate potential effects on outbound shipping

Negative

• None.

Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 10, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is responding today to media reports pertaining to the status of trucking shipments in the Democratic Republic of Congo (DRC) 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 place today and onwards. Ivanhoe Mines' management is working proactively with the DRC government and local authorities to mitigate any potential interim effects on outbound shipping, but does not anticipate any material impact on Kamoa-Kakula's operations.

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-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC.

Ivanhoe Mines is also exploring for new copper discoveries across its circa 2,400km² of 80-100% owned exploration licences in the Western Foreland, which are located adjacent to, or in close proximity to, the Kamoa-Kakula Copper Complex in the DRC.

Information contacts

Investors

Vancouver: Matthew Keevil +1.604. 558.1034
London: Tommy Horton +44 7866 913 207

Forward-looking statements

Certain statements in this news 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 news release.

Such statements include without limitation, the timing and results of: (i) Ivanhoe Mines' management is working proactively with the DRC government and local authorities to mitigate any potential interim effects on outbound shipping, but does not anticipate any material impact on Kamoa-Kakula's operations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/187006

FAQ

What is the status of trucking shipments in the Democratic Republic of Congo for Ivanhoe Mines (IVN)?

Operations at the Kamoa-Kakula Copper Complex have continued as normal, with major shipments occurring on November 9 and ongoing.

Is there any anticipated impact on Kamoa-Kakula's operations due to the third-party labour dispute?

Ivanhoe Mines' management does not anticipate any material impact on Kamoa-Kakula's operations and is working proactively with the DRC government to mitigate potential effects on outbound shipping.