BASE METALS

Ivanhoe reports contractor fatality

Ivanhoe Mines (TSX: IVN) reported a contractor’s employee has died due to complications following a workplace accident on January 21 at the Kamoa-Kakula project in the Democratic Republic of Congo.

Staff reporter
 The Kakula copper development joint venture in the DRC

The Kakula copper development joint venture in the DRC

Ivanhoe said the person passed away due to fat embolism syndrome causing severe brain damage, following a broken bone incurred in the accident which had involved a contractor-operated underground vehicle at the Kakula mine.

The company had reported the first fatality at the Kamoa-Kakula project in September, involving a civil contractor at a surface cement batching plant.  

"Safety for everyone at our projects remains our highest priority and we will redouble our efforts to ensure that these types of accidents never happen again," Ivanhoe president Tony Giardini said on Friday.

"We are all deeply saddened by the unfortunate loss of life and our thoughts are with the family, friends and co-workers of the deceased at this time."

Kakula is the first cab off the rank at the "unstoppable" large-scale copper development project and is expected to produce its first concentrate in the third quarter of 2021, although co-chairman Robert Friedland told Indaba last week the company was ahead of schedule.
 
Kamoa-Kakula is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the DRC government (20%).

Ivanhoe shares have ranged from C$3-$4.54 over the past year and closed yesterday at $3.51 to capitalise it at $4.2 billion (US$3.2 billion).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.