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Kamoa-Kakula's Phase 2 Expansion, Doubling Production to over 400,000 Tonnes of Copper per Year, Ahead of Schedule and Now on Track to Begin Full Operations in Q2 2022
New Phase 1 daily production record of 721 tonnes of copper achieved Kamoa-Kakula's se...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Kamoa-Kakula's Phase 2 Expansion, Doubling Production to over 400,000 Tonnes of Copper per Year, Ahead of Schedule and Now on Track to Begin Full Operations in Q2 2022New Phase 1 daily production record of 721 tonnes of copper achievedKamoa-Kakula's second filter press begins operations, allowing for increased copper concentrate productionPhase 1 concentrator ore throughput exceeding the 3.8 Mtpa design by more than 10%Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - October 12, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun announced that construction of Kamoa-Kakula's Phase 2 concentrator plant, which is designed to double copper production to approximately 400,000 tonnes a year, is proceeding ahead of schedule. The project team now anticipates beginning operations of the Phase 2 concentrator plant in Q2 2022, as compared to current guidance of Q3 2022.Mark Farren, Kamoa Copper's CEO, stated: \"Construction of the Phase 2 concentrator plant is progressing very well and the project team is working hard to complete the project ahead of schedule, similar to what we did with the Phase 1 plant. Based on the pace of the work completed to date, we now expect to deliver first ore to the Phase 2 ball mills before the end of Q2 2022.\"The Phase 2, 3.8 million-tonne-per-annum (Mtpa) concentrator plant is a carbon copy of the Phase 1 concentrator plant, and is being constructed alongside the Phase 1 plant. All long-lead items of equipment, structural steel, platework and mechanical equipment for the Phase 2 plant already are delivered to site or are en-route. As of the end of September 2021, the Phase 2 plant was more than 50% complete.\"The ahead-of-schedule and on-budget achievements at Kamoa-Kakula stand tall and shine brightly in a COVID-19 world … where mining, infrastructure, and other industrial projects are routinely massively delayed, hindered by supply bottlenecks and predictably subject to significant cost over-runs. This outstanding construction progress at our Phase 1 and Phase 2 mines in this challenging environment is a testament to the extraordinary skill and dedication of our 'United Nations' of managers, staff and contractors,\" said Ivanhoe Founder & Executive Co-Chair Robert Friedland. \"Their careful and diligent planning, and their utilization of...