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Ivanhoe Mines Announces Outstanding Economic Results of Updated, independent Integrated Development Plan (2023 IDP) for World-Leading Kamoa-Kakula Copper Complex
Ivanhoe's 26-year odyssey of discovery realizes a globally significant copper complex essential f...
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[{"type":"text","content":"Ivanhoe Mines Announces Outstanding Economic Results of Updated, independent Integrated Development Plan (2023 IDP) for World-Leading Kamoa-Kakula Copper ComplexIvanhoe's 26-year odyssey of discovery realizes a globally significant copper complex essential for the energy transition2023 IDP consists of a pre-feasibility study (PFS) for the Phase 3 and 4 expansions of Kamoa-Kakula, and a preliminary economic assessment (PEA) life-of-mine extension casePhase 3 expansion, to be completed in 2024, increases Kamoa-Kakula's annual copper production to a ten-year average of 620,000 tonnes of copper, at cash costs (C1) of $1.22/lb.Expansion to 19.2 Mtpa in PFS case yields after-tax NPV8% of $19.1 billion, over a 33-year mine life$20.2 billion after-tax NPV8% in 42-year PEA life-of-mine extension caseKamoa-Kakula 500,000 tonne-per-annum copper smelter completion in late 2024; brings operating cost reductions and environmental benefits, producing ultra-low carbon 99+% copper blister anodesKamoa-Kakula to rank as the 4th largest copper producer globally in 2025, with lowest-quartile cash costsMineral Reserves tonnage increased by 101% to 472 million tonnesKamoa-Kakula generates powerful cash flow to fund expansions, with an average annual EBITDA of over $3 billion for the first 10 yearsPhase 3 and 4 expansions deliver significant blessings to all Kamoa-Kakula stakeholders, including host communities, 12,000+ employees and contractors, as well as the Democratic Republic of Congo as a major 20% shareholderIvanhoe Mines to host conference call on Tuesday, January 31, 2023Ivanhoe Mines provides 2023 cost guidance for Kamoa-KakulaKolwezi, Democratic Republic of Congo--(Newsfile Corp. - January 30, 2023) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun announced today that the company and its partners, Zijin Mining Group, Crystal River Global Limited and the Democratic Republic of Congo (DRC), welcome the extremely positive findings of an independent Integrated Development Plan (2023 IDP) for the world-leading Kamoa-Kakula Copper Complex. The 2023 IDP consists of a Pre-Feasibility Study (Kamoa-Kakula 2023 PFS) for the Phase 3 and Phase 4 expansions of the Kamoa-Kakula Copper Complex over a 33-year mine life, as well as an updated Preliminary Economic Assessment (Kamoa-Kakula 2023 PEA) that includ...