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Ivanhoe Mines Announces That Kamoa-Kakula Achieved a Record 45,019 Tonnes of Copper in November
Recently ramped-up Phase 3 concentrator achieves record 90% recovery rate over 24 hours Lobito...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines Announces That Kamoa-Kakula Achieved a Record 45,019 Tonnes of Copper in NovemberRecently ramped-up Phase 3 concentrator achieves record 90% recovery rate over 24 hoursLobito Atlantic Railway receives first batch of new container wagonsDemocratic Republic of the Congo is set to become World’s second-largest copper producer Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - December 3, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 45,019 tonnes of copper in concentrate during the 30 days of November. The concentrators milled 1.2 million tonnes of ore at an average feed grade of 4.58% copper. Production for the year to November 30, 2024, from Kamoa-Kakula now totals 390,061 tonnes of copper. The recently ramped-up Phase 3 concentrator achieved an average recovery rate of 85.3% during November, rapidly approaching its design rate of 86%. In addition, on November 26, the Phase 3 concentrator achieved a record 90% recovery rate over 24 hours.Watch a timeline video of project developments at Kamoa-Kakula: https://vimeo.com/1034923040/1abec638f9?share=copyTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3396/232291_4df3d10484950905_002full.jpgIvanhoe Founder and Executive Co-Chairman Robert Friedland commented: \"Kamoa-Kakula's production continues its acceleration into year-end, following the completion earlier this quarter of the ramp-up of the Phase 3 concentrator. November was another remarkable milestone with the delivery of a further 10% month-on-month increase in copper production, taking the annualized production rate to approximately 550,000 tonnes of copper… and November was a short month of 30 days. There is more copper to come from this world-leading mining district as the growth story is only just beginning as we grow into a production capacity of 600,000 tonnes per annum. We are the unicorn of our industry… it was only three and a half years ago that we first produced copper from this vast, multi-generational copper complex.\"Figure 1. Kamoa-Kakula 2024 monthly copper product...