Ivanhoe’s Kamoa exceeds annual copper steerage, with over 100,000t YTD

Kamoa-Kakula first started producing copper concentrates from the Section 1, 3.8Mtpa capability concentrator plant in Might 2021. It subsequently reached business manufacturing on July 1, and is anticipated to provide 200,000 tonnes of copper per yr.

Development of the Section 2 concentrator, which might be a “carbon copy” of the Section 1 plant and double the annual manufacturing, is at the moment underway and is about 70% full, in line with Ivanhoe’s newest replace.

Ivanhoe’s manufacturing steerage for 2021 was set at 92,500-100,000 tonnes, which was initially projected to be 80,000-95,000 tonnes. The annual manufacturing steerage was additionally beforehand elevated in November, reflecting the profitable completion of ramp-up of the Section 1 concentrator.

“Kamoa Copper’s efficiency marks a superb finish to what has really been a banner yr for Ivanhoe Mines,” Ivanhoe’s founder and govt co-chair Robert Friedland commented in a information launch.

Additionally Learn: Ivanhoe’s Kamoa-Kakula yields revenue in first full manufacturing quarter

“We want to lengthen heartfelt congratulations to the group at Kamoa-Kakula, who constantly exceeded expectations through the building and growth of the world’s latest world-scale copper mine, and have continued that outperformance as we’ve moved by way of ramp-up and into full manufacturing,” he added.

Friedland additionally stated the Section 2 enlargement stays “considerably forward of schedule,” and the corporate is effectively on its strategy to doubling annual copper manufacturing to roughly 400,000 tonnes beginning early in Q2 2022.

To date in December, Ivanhoe has seen feed grades in extra of 6% copper, and recoveries have additionally been exceeding its design restoration of 86%, which, in line with Friedland, bodes effectively for the corporate’s potential to effectively ramp-up future expansions at Kamoa-Kakula.

The Ivanhoe administration group now envisions the Section 3 concentrator to enter manufacturing by the top of 2024.

By way of deliberate phased expansions, the Kamoa-Kakula underground operation is positioned to grow to be one of many largest copper producers on the earth, with peak annual copper manufacturing of greater than 800,000 tonnes.

Learn Extra: How Ivanhoe’s big new Congo mine stacks up in opposition to copper mining’s high tier

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Written by colin


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