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Kamoa-Kakula Phase 2 Expansion Now 70% Complete, on Track for Early Start-up in Q2 2022
Record copper production in November tops 18,270 tonnes, bringing year-to-date production to ...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Kamoa-Kakula Phase 2 Expansion Now 70% Complete, on Track for Early Start-up in Q2 2022Record copper production in November tops 18,270 tonnes, bringing year-to-date production to more than 87,000 tonnes as at November 30, 2021Earthworks commenced for a new box cut to access Phase 3 mining areas; Phase 3 concentrator targeted by end of 2024Engineering for Kamoa Copper's direct-to-blister smelter underway; long-lead items for smelter to be ordered in Q2 2022Mining crews deliver a record 548,000 tonnes of ore grading 5.46% copper in November, including 362,000 tonnes grading 6.60% copper from the centre of the Kakula MineRecord mining production in November increases surface stockpiles to 3.92 million tonnes grading 4.64% copper, containing more than 181,000 tonnes of copperKolwezi, Democratic Republic of Congo--(Newsfile Corp. - December 9, 2021) -  Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun announced that Kamoa-Kakula's Phase 2, 3.8 million-tonne-per-annum (Mtpa) concentrator plant now is approximately 70% complete and is well on track to begin operations in Q2 2022.As the Phase 1, 3.8-Mtpa concentrator plant is operating at steady-state design capacity, further production updates will be provided only on a quarterly basis. Ivanhoe's 2021 production guidance for contained copper in concentrate produced from Kamoa-Kakula's Phase 1 concentrator is 92,500 to 100,000 tonnes. The higher guidance numbers are reinforced by an excellent production performance in November, which saw a record 18,270 tonnes of copper in concentrate produced, bringing year-to-date output to more than 87,000 tonnes as at November 30, 2021. The figures are on a 100%-project basis and metal reported in concentrate is prior to refining losses or deductions associated with smelter terms. Watch the latest video showcasing the expansion work underway at the Kamoa Copper Complex: https://vimeo.com/654809393/8ca99b13e3Kamoa-Kakula's 2021 copper production to the end of the year, as well as guidance for 2022 copper production, cost of sales and cash costs, including the start of Phase 2 operations, will be provided in January 2022.357,000 tonnes of ore were milled in November at an average feed grade of 6.18% copper, exceeding the monthly design run rate of 316,667 tonnes by more than 12%. Copper flotation recover...