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Ivanhoe Mines Ltd A (IVPAF) is a Canadian mining company with a focus on advancing its principal projects in Southern Africa. The company is dedicated to the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the Platreef project in South Africa, and the restart of the Kipushi mine in the DRC. Ivanhoe Mines also explores for new copper discoveries in the Western Forelands. The company's commitment to Environmental, Social, and Governance (ESG) initiatives underscores its dedication to sustainable development and corporate responsibility.
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Ivanhoe Mines (IVN) announces the significant high-grade copper discovery of Kitoko in the DRC. The discovery confirms the presence of a high-grade copper mineralizing system, with the zone traced over a 1.9-kilometre strike and open in all directions. The company expects to increase its ownership by funding ongoing exploration activities and make further exploration spending commitments in 2024 to increase its interest to 60%. Selected drill holes at the Kitoko Copper Discovery include DD008 intersecting 5.19 metres true width, grading 11.64% copper, at a 1% copper cut-off.
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Ivanhoe Mines (IVN) has been granted 22,195 square kilometers of greenfield prospecting rights for exploration in the Moxico and Cuando Cubango Provinces of Angola. The extensive package of prospecting rights covers highly prospective, greenfield copper exploration ground. The company will commence exploration activities in Q1 2024 with a budget of $10 million. The prospecting rights are granted for an initial period of five years and may be extended for a maximum of seven years.
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Ivanhoe Mines (IVN) Announces Significant Copper Discoveries in the Democratic Republic of Congo, with Makoko and Kiala Containing Indicated and Inferred Mineral Resources. The Western Foreland Exploration Project ranks as the world's third-largest copper discovery since 2016, with high-grade deposits and potential infrastructure benefits.
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Ivanhoe Mines (IVN) Responds to Media Reports on Trucking Shipments in DRC, Assures No Material Impact on Kamoa-Kakula Operations
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Ivanhoe Mines' Q3 2023 financial results show a profit of $108 million, driven by income from the Kamoa-Kakula joint venture. Kamoa-Kakula sold 96,509 tonnes of payable copper, generating revenue of $695 million and EBITDA of $423 million. The Phase 3 concentrator project is 62% complete and ahead of schedule. Kamoa-Kakula's year-to-date production is 301,336 tonnes, in line with guidance. Kipushi concentrator is also ahead of schedule for first production in Q2 2024. Maiden resource estimates for Makoko and Kiala discoveries expected shortly.
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Ivanhoe Mines announces a 46% reduction in carbon emissions per unit of copper at the Kamoa-Kakula Copper Complex following the completion of an on-site smelter in Q4 2024. The smelter is expected to rank as the fourth lowest carbon-emitting smelter in the world. The refurbishment of Turbine #5 at the Inga II hydroelectric facility is 50% complete and on schedule to produce 178MW of green hydroelectric power from Q4 2024. Ivanhoe Mines has also appointed BDO Global to assist with the company's decarbonisation strategy and pathway to net-zero emissions.
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Ivanhoe Mines to release Q3 2023 financial results and hold investor conference call
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Ivanhoe Mines founder Robert Friedland receives Mongolia's Order of the Polar Star for his contributions to the mining industry, particularly the Oyu Tolgoi copper-gold complex. Friedland expresses gratitude and highlights Mongolia's potential for mineral discovery. Rio Tinto CEO Jakob Stausholm commends Friedland's role in the development of Oyu Tolgoi. Oyu Tolgoi is expected to produce around 500,000 tonnes of copper per year from 2028 to 2036.
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Ivanhoe Mines announces the opening of the Kamoa Centre of Excellence in the Democratic Republic of the Congo (DRC). The facility aims to produce future leaders for the DRC mining industry. The inaugural class of Congolese students enrolled in September.
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Kamoa-Kakula Copper Complex achieves record quarterly production of 103,947 tonnes of copper in concentrate. Year-to-date production at 301,336 tonnes on track to meet 2023 guidance. Phase 3 expansion progressing well for Q4 2024 start. Kamoa 1 and Kansoko underground access tunnels successfully connected. Ivanhoe Mines launches redesigned corporate brand and website.
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FAQ
What is the current stock price of IVANHOE MINES A (IVPAF)?
The current stock price of IVANHOE MINES A (IVPAF) is $12.56 as of November 15, 2024.
What is the market cap of IVANHOE MINES A (IVPAF)?
The market cap of IVANHOE MINES A (IVPAF) is approximately 17.8B.
What are the principal projects of Ivanhoe Mines Ltd A?
Ivanhoe Mines is focused on advancing the Kamoa-Kakula Copper Complex in the DRC, the Platreef project in South Africa, and the Kipushi mine in the DRC.
What does Ivanhoe Mines explore for?
Ivanhoe Mines explores for new copper discoveries in the Western Forelands, adjacent to the Kamoa-Kakula Copper Complex.
What is Ivanhoe Mines' commitment to ESG initiatives?
Ivanhoe Mines is dedicated to Environmental, Social, and Governance (ESG) initiatives, emphasizing sustainable development and corporate responsibility.
When will Ivanhoe Mines release its first quarter 2024 financial results?
Ivanhoe Mines will release its first quarter 2024 financial results before market open on April 30, 2024.
Where can I find Ivanhoe Mines' annual sustainability report?
Ivanhoe Mines will release its seventh annual sustainability report before market open on April 17, 2024, and the report will be available on the company's website.
IVANHOE MINES LTD A
OTC:IVPAF
IVPAF Rankings
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17.83B
716.73M
44.96%
36.33%
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