Business
Ivanhoe Mines: Kamoa Copper Reports Record Quarterly Production of 87,314 Tonnes of Copper in Q2 2022
Kamoa-Kakula produces record 30,379 tonnes of copper in June, Phase 2 achieves steady-state production at the end of May Ivanhoe Mines joins United Nations Glob
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":" Kamoa-Kakula produces record 30,379 tonnes of copper in June, Phase 2 achieves steady-state production at the end of May Ivanhoe Mines joins United Nations Global Compact, the largest corporate sustainability initiative in the world Basic engineering complete for Kamoa Copper's Phase 3 direct-to-blister flash smelter; orders for long-lead time equipment underway Ivanhoe Mines to issue Q2 2022 financial results and host conference call for investors on August 15 Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - July 5, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun are pleased to announce that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo has set a new quarterly production record in the second quarter of 2022, with 87,314 tonnes of copper in concentrate produced. Kamoa-Kakula's Phase 1 and Phase 2 3.8-million-tonne-per-annum concentrator plants produced 30,379 tonnes of copper in concentrate during June 2022. This performance marks the third consecutive month that Kamoa-Kakula has surpassed its throughput design capacity of 7.6 million tonnes per annum, following the commissioning of Phase 2. Kamoa Copper milled approximately 1.95 million ore tonnes during the second quarter at an average feed grade of 5.44% copper. Copper recoveries were averaging more than 86% during June 2022, with feed grades averaging approximately 5.5% copper. Ongoing mining optimization work at the Kakula Mine is targeting improved head grade during the second half of 2022 towards an average of 6% copper. Kamoa Copper is also evaluating additional material handling capacity at Kakula to increase mining rates to feed the de-bottlenecked Phase 1 and 2 processing capacity of 9.2 million tonnes per year, which will be incorporated into the Phase 3 expansion Pre-Feasibility Study scheduled for release in the second half of 2022. The Phase 1 and Phase 2 concentrator plants are approaching a combined annualized production rate of approximately 400,000 tonnes of copper in concentrate. The de-bottlenecking program is on track to boost Kamoa Copper's annual production to approximately 450,000 tonnes of copper in concentrate per year by the second quarter of 2023. Management anticipates that the early commissioning of the Phase 2 concentrator plant in March 2022, approximate...