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Kamoa-Kakula on Track to Become the World's Third-largest Copper Mining Complex by Q4 2024, with Copper Production of Approximately 600,000 Tonnes per Year
Phase 3 expansion to include additional Kamoa 5 million-tonne-per-annum concentrator, adjacen...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Kamoa-Kakula on Track to Become the World's Third-largest Copper Mining Complex by Q4 2024, with Copper Production of Approximately 600,000 Tonnes per YearPhase 3 expansion to include additional Kamoa 5 million-tonne-per-annum concentrator, adjacent to two new underground minesKamoa Copper commences earthworks on direct-to-blister smelter; on-site copper metal production expected in Q4 2024 Phase 2 production ramp-up to double annual copper production continues to progress smoothly New York, New York--(Newsfile Corp. - May 3, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun are pleased to announce today, ahead of the Goldman Sachs Copper Day, further details of the Phase 3 expansion at the Kamoa-Kakula Copper Mining Complex in the Democratic Republic of Congo. Phase 3 is expected to increase annualized copper production capacity to approximately 600,000 tonnes per year by the fourth quarter of 2024, which will position Kamoa Copper as the world's third-largest copper mining complex (Figure 1), and the largest copper mining complex on the African continent.Kamoa-Kakula's Phase 3 will consist of two new underground mines known as Kamoa 1 and Kamoa 2, as well as the initial decline development at Kakula West. A new, 5 million-tonne-per-annum concentrator plant will be established adjacent to the two new mines at Kamoa.Upon commencement of Phase 3 production, Kamoa Copper will have a total processing capacity of greater than 14 million tonnes per annum. The existing Phase 1 and 2 concentrators will be de-bottlenecked and operating at a combined throughput of 9.2 million tonnes of ore per year by the second quarter of 2023, which is expected to increase Kamoa-Kakula's annual copper production to more than 450,000 tonnes. The associated power and surface infrastructure are being designed to support Phase 3, as well as future expansions.Phase 3 also includes a direct-to-blister flash smelter that will incorporate leading-edge technology supplied by Metso Outotec of Espoo, Finland, with a nameplate capacity of 500,000 tonnes per year of approximately 99%-pure blister copper. It is projected to be one of the largest, single-line copper flash smelters in the world, and the largest in Africa.Kamoa-Kakula's Phase 3 expansion will also be powered by clean, green hydroelectricity. Kamoa Coppe...