Business
Kamoa-Kakula Copper mines 300,000 tonnes of ore in January grading 5.45% copper, including 82,000 tonnes grading 8.80% copper from the high-grade centre of the Kakula Mine
Pre-production ore stockpiles now hold 1.82 million tonnes grading 4.23% copper, containing m...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Kamoa-Kakula Copper mines 300,000 tonnes of ore in January grading 5.45% copper, including 82,000 tonnes grading 8.80% copper from the high-grade centre of the Kakula MinePre-production ore stockpiles now hold 1.82 million tonnes grading 4.23% copper, containing more than 76,000 tonnes of copperFresh underground mining record achieved with 2,869 metres completed in January; more than 32.7 kilometres now complete - 11.6 kilometres ahead of planOverall progress of Kamoa-Kakula's first phase, 3.8-Mtpa mining and milling operation now approximately 71% complete; first copper concentrate production remains on track for July 2021Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - February 1, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun are pleased to announce that underground development at the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) mined and stockpiled 300,000 tonnes of ore grading 5.45% copper from the Kakula and Kansoko mines in January. The tonnage was 11.5% higher than December, while the copper grade was 1.6% higher. The 300,000 tonnes mined in January included 231,000 tonnes at an average grade of 6.20% copper, including 82,000 tonnes grading 8.80% copper from the high-grade centre of the Kakula Mine.The project's pre-production surface stockpiles now contain approximately 1.82 million tonnes of high-grade and medium-grade ore at an estimated blended grade of 4.23% copper. Contained copper in the stockpiles increased by approximately 16,000 tonnes in January - a 25.9% increase over December's production reflecting increased mining activity in the ultra-high-grade centre of the Kakula Deposit - to a cumulative total of more than 76,000 tonnes (the current copper price is approximately US$7,940 a tonne). Kamoa-Kakula is on track to have approximately three million tonnes of high-grade and medium-grade ore stockpiled on surface, holding more than 125,000 tonnes of contained copper, prior to the planned start of processing in July 2021. \"In the mining business, grade is king,\" said Mr. Friedland. \"And the remarkable grade of the ore coming from Kakula is unprecedented for a major mechanized copper mine of this scale. We are just five months away from scheduled first production, which will mark the next step in the evolution of Ivanhoe Mine...