BASE METALS

Ivanhoe look to Phase 3 for Kamoa-Kakula as Q2 copper ramps up

Ivanhoe Mines produced 103,786 tonnes of copper in concentrate out of its Kamoa-Kakula project in the Democratic Republic of Congo (DRC) in the second quarter of 2023.

 Aerial view of the construction progress for the Phase 3, 5-million-tonne-per-annum concentrator. The new concentrator will be fed by ore from the Kamoa 1 and Kamoa 2 underground mines, which are accessed by the new box cut visible in the background (red arrow). The Phase 3 expansion is well on track for first production in Q4 2024 (Source Ivanhoe Mines)

Aerial view of the construction progress for the Phase 3, 5-million-tonne-per-annum concentrator. The new concentrator will be fed by ore from the Kamoa 1 and Kamoa 2 underground mines, which are accessed by the new box cut visible in the background (red arrow). The Phase 3 expansion is well on track for first production in Q4 2024 (Source Ivanhoe Mines)

This compares to 93,603t of copper in concentrate in the first quarter of this year, evidencing that the project is successfully ramping up. In May, the project produced 35,856t, but levels fell to 33,104t...

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