Business
Ivanhoe Mines Announces Updated Greenhouse Gas Assessment Confirming Kamoa-Kakula Copper Complex as the World's Lowest Carbon-emitting Major Copper Mine
Kamoa-Kakula carbon emissions per unit of copper (Scope 1, 2 and 3) set to reduce by 46% followin...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines Announces Updated Greenhouse Gas Assessment Confirming Kamoa-Kakula Copper Complex as the World's Lowest Carbon-emitting Major Copper MineKamoa-Kakula carbon emissions per unit of copper (Scope 1, 2 and 3) set to reduce by 46% following completion of 500,000 tonne-per-annum, on-site smelter from Q4 2024State-of-the-art copper smelter expected to rank as fourth lowest carbon-emitting smelter in the worldRefurbishment of Turbine #5 at Inga II dam 50% complete; on-schedule and on-budget to produce 178MW of green hydroelectric power from Q4 2024Ivanhoe Mines initiates work on group decarbonisation strategy and pathway to net-zero emissionsKolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 2, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete, announced today an updated current and future greenhouse gas (GHG) emissions assessment of the Kamoa-Kakula Copper Complex. The assessment, conducted by independent consultants Skarn Associates of London, England and WSP Group of Montreal, Canada, confirms that Kamoa-Kakula is the market-leading major copper producer in terms of GHG emissions. In addition, the assessment highlights the significant reduction in combined Scope 1, 2 and 3 GHG emissions intensity following the completion of the direct-to-blister copper smelter expected in Q4 2024. The company is also pleased to report that the refurbishment of Turbine #5 at the Inga II hydroelectric facility is approximately 50% complete and is advancing on budget and on schedule. Turbine #5 will generate 178 MW of clean, hydroelectric power into the DRC grid following completion in Q4 2024.In addition, Ivanhoe Mines has appointed independent consulting firm BDO Global of Zaventem, Belgium, to assist with shaping the company's decarbonisation strategy and pathway to net-zero emissions. Ivanhoe Mines' Executive Co-Chair, Robert Friedland commented: \"The world is waking up to the fact that copper is the undisputed metal of electrification, with even conservative forecasts predicting that demand will double in size by 2035, based on massive requirements from renewable energy generation, grid-scale transmission and storage infrastructure, and the electrification of mass transportation.\"We have said it before - there will absolutely be no energy transition to 'net...