Ivanhoe Mines Reports Record Quarterly Production of 103,947 Tonnes from Kamoa-Kakula Copper Complex for Q3 2023
Kamoa-Kakula milled 2.24 million tonnes of ore during the quarter at an average grade of 5.55% copper Kamoa-Kakula has produced 301,336 tonnes copper year-to-date, well on track to achieve 2023 guidance Phase 3 concentrator, smelter and hydropower project on schedule for Q4 2024 start Kamoa 1 and Kansoko underground access tunnels successfully connected for Phase 3 mining Ivanhoe Mines to issue Q3 2023 financial results and host conference call for investors on November 6 Ivanhoe Mines...
2023-10-04 7:28 AM EDT
Ivanhoe Mines Reports Fatality at the Kamoa-Kakula Copper Complex
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - September 18, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) regrets to report that a fatal accident has occurred at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). A fatal accident occurred underground at the Kakula mine when Mr. Mick Ilunga, a contractor drill rig operator, was struck by a fall of ground. A second contractor drill rig operator is receiving medical treatment for non-life-threatening...
2023-09-18 11:11 AM EDT
Ivanhoe Mines Announces MOU to Commence Exports of Concentrate from Kamoa-Kakula Copper Complex via Lobito Atlantic Rail Corridor
Up to 10,000 tonnes of copper concentrate to be exported via Angolan Lobito Ocean Port in Q4 2023 MOU is first commercial agreement under new concession for exporting metals from the DRC using the Lobito Atlantic Rail Corridor Distance from Kamoa-Kakula to Lobito Port is just over half that compared with Durban, South Africa Rail corridor passes through Ivanhoe's Western Foreland licences and within five kilometres of Kamoa-Kakula Rail corridor set to transform economic and social development...
2023-08-16 10:22 AM EDT
Ivanhoe Mines Issues Second Quarter 2023 Financial Results, and Review of Construction and Exploration Activities
Kamoa-Kakula Copper Complex sold 101,526 tonnes of payable copper in Q2 2023 and recognized record quarterly revenue of $702 million and EBITDA of $457 million Ivanhoe Mines recorded Adjusted EBITDA of $172 million for Q2 2023, compared with $101 million for the same period in 2022 Ivanhoe Mines recorded a quarterly profit of $87 million, driven by income from the Kamoa-Kakula joint venture of $123 million Kamoa-Kakula's quarterly cost of sales total $1.24 per lb. of payable copper; C1 cash...
2023-08-03 8:33 AM EDT
Ivanhoe Mines Announces Highly Promising Preliminary Testwork for Improving Copper Recoveries at Kamoa-Kakula
Kolwezi, Democratic Republic Congo--(Newsfile Corp. - July 27, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete are pleased to provide an update on preliminary test work conducted to improve copper recovery at the Kamoa-Kakula Copper Complex. Ivanhoe Mines' Founder and Executive Co-Chairman, Robert Friedland commented: "Despite the Phase 1 and 2 concentrators exceeding the nameplate recovery rate, the grade of copper in Ka
2023-07-27 7:30 AM EDT
Ivanhoe Mines to Issue Q2 2023 Financial Results and Host Conference Call for Investors on August 3, 2023
Toronto, Ontario--(Newsfile Corp. - July 26, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its second quarter 2023 financial results before market open on Thursday, August 3, 2023. The company will hold an investor conference call to discuss the Q2 2023 financial results at 10:30 a.m. Eastern Standard Time / 7:30 a.m. Pacific Standard Time / 4:30 p.m. Central European Time on the same day. The conference call will conclude with a question-and-answer (Q&A) session. Media are...
2023-07-26 3:09 PM EDT
Ivanhoe Mines Announces Retirement of Non-Executive Co-Chairman and Director Yufeng "Miles" Sun
Johannesburg, South Africa--(Newsfile Corp. - July 18, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Founder and Executive Co-Chairman Robert Friedland and President Marna Cloete today announced the retirement of Non-Executive Co-Chairman and Director Yufeng "Miles" Sun. In addition, the company is pleased to announce the appointment of Weibao "Webber" Hao as Ivanhoe Mines' Non-Executive Co-Chairman and Director, effective today. Mr. Sun was appointed to the Ivanhoe Mines' Board of...
2023-07-18 7:30 AM EDT
Ivanhoe Mines Reports Record Quarterly Production of 103,786 Tonnes from Kamoa-Kakula Copper Complex for Q2 2023
Kamoa-Kakula achieves 11% quarter-on-quarter increase in copper production Kamoa-Kakula milled a record 2.2 million tonnes of ore during the quarter at an average grade of 5.2% copper Kamoa-Kakula sets a new weekly production record of 9,710 tonnes of copper New daily average milling record of approximately 30,000 tonnes achieved in July Ball mill installation at Phase 3 concentrator has commenced; construction well on track for Q4 2024 production Ivanhoe Mines to issue Q2 2023 financial...
2023-07-05 7:33 AM EDT
Ivanhoe Mines' President Marna Cloete Featured in 'Changing the Face of Mining' Report
London, United Kingdom--(Newsfile Corp. - June 29, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is pleased to report that the company's President Marna Cloete has been featured in the newly-released "Changing the face of mining" report from global law firm White & Case LLP, headquartered in New York City, USA, and ARCH Emerging Markets Partners of London, United Kingdom. The mining industry is going through a period of deep transition as it attempts to carve out a sustainable future, and...
2023-06-29 9:50 AM EDT
Ivanhoe Mines Welcomes Two Accomplished Female African Leaders to Its Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company's Annual General and Special Meeting held earlier today. Ivanhoe Mines Co-Chairman Robert Friedland and President Marna Cloete also are very pleased to announce the appointment of two distinguished female African leaders - Dr. Phumzile Mlambo-Ngcuka and Ms. Delphine Traoré - to the...
2023-06-22 3:14 PM EDT
Ivanhoe Mines Replaces Outstanding $76-million Loan Receivable from High Power Exploration with Equity Investment in I-Pulse, Its Parent Company
London, United Kingdom--(Newsfile Corp. - June 15, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announce today that an agreement has been reached to replace the outstanding convertible loan balance owed to Ivanhoe Mines b
2023-06-15 7:29 AM EDT
Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 35,856 Tonnes in May
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - June 5, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced today that the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo a
2023-06-05 7:29 AM EDT
Ivanhoe Mines Comments on Share Price Movement
London, United Kingdom--(Newsfile Corp. - June 1, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that it is not aware of any company-specific reason that might be contributing to the recent decline in the company's share price, other than general market volatility. Ivanhoe will release production results for the month of May from the Kamoa-Kakula Copper Complex on Monday, June 5, 2023. About Ivanhoe Mines Ivanhoe Mines is a Canadian mining company focused on advancing its...
2023-06-01 8:11 AM EDT
Ivanhoe Mines: United States Announces Support for Development of Lobito Atlantic Railway Corridor at the 2023 G7 Summit
United States announces support for development of Lobito Atlantic Railway Corridor at the 2023 G7 Summit U.S. International Development Finance Corporation evaluating $250 million in financing for 'key economic' rail corridor connecting the Angolan port of Lobito to the DRC Copperbelt Rail corridor passes through Western Foreland licences and within five kilometres of Kamoa-Kakula Copper Complex Distance from Kamoa-Kakula to Angolan Lobito Ocean Port is approximately halved compared with...
2023-05-24 7:30 AM EDT
Ivanhoe Mines Issues 2023 First Quarter Financial Results, and Overview of Construction and Exploration Activities
Kamoa-Kakula sold 86,777 tonnes of payable copper during the quarter and recognized record revenue of $689 million, as well as record EBITDA of $452 million Ivanhoe Mines recorded Q1 2023 profit of $82 million, net of $31 million non-cash loss on the convertible bond fair valuation Kamoa-Kakula produced 93,603 tonnes of copper in Q1 2023, including a record 34,915 tonnes of copper in March, following debottlenecking program completed ahead of schedule Kamoa-Kakula's quarterly cost of sales...
2023-05-03 7:30 AM EDT
Ivanhoe Mines and Gécamines Agree on Off-Take and Financing Terms to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production
Off-take term sheet for 100% of Kipushi's zinc concentrate, together with US$250 million facility supported by Glencore Kipushi construction advancing ahead of schedule; first concentrate production expected in Q3 2024 Underground development of the Big Zinc orebody also ahead of schedule; mining to commence in January 2024 Plans for dedicated Kipushi commercial border-crossing advancing to unlock value for the DRC, Kipushi and Kamoa-Kakula Kipushi to be powered by clean hydroelectricity,...
2023-04-27 7:31 AM EDT
Ivanhoe Mines to Issue Q1 2023 Financial Results and Host Conference Call for Investors on May 3, 2023
Toronto, Ontario--(Newsfile Corp. - April 21, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its first quarter 2023 financial results before market open on Wednesday, May 3, 2023. The company will hold an investor conference call to discuss the results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same day. The conference call will conclude with a question-and-answer (Q&A) session. Media are invited to attend on a listen-only basis. To view the webcast please use...
2023-04-21 7:30 AM EDT
Ivanhoe Mines Publishes 2022 Sustainability Report
Johannesburg, South Africa--(Newsfile Corp. - April 13, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) today published its sixth annual Sustainability Report, summarizing the company's sustainability activities, performance, and results for 2022. Ivanhoe Mines' sustainability strategy is shaped by our ethos of "mining with a greater purpose". Ivanhoe not only aims to provide the critical metals needed for the energy transition, but also seeks to be a trend-setter in its approach to mining....
2023-04-13 12:15 PM EDT
Ivanhoe Mines Reports Q1 2023 Production of 93,603 Tonnes of Copper from Kamoa-Kakula Copper Complex
Kamoa-Kakula produced record 34,915 tonnes of copper in March Kamoa-Kakula reported weekly production record of 9,016 tonnes of copper and daily production record of 1,563 tonnes of copper in March Phase 1 and 2 concentrators reached new daily average milling record of over 29,000 tonnes Kamoa-Kakula achieved record average copper recoveries exceeding 88% in March Kamoa-Kakula milled approximately 1.93 million tonnes of ore during the quarter at average grade of 5.4% copper Ivanhoe Mines to...
2023-04-05 7:30 AM EDT
Ivanhoe Mines Files a New NI 43-101 Technical Report for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo
Johannesburg, South Africa--(Newsfile Corp. - March 16, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the company has filed a new National Instrument 43-101 (NI 43-101) technical report covering the Kamoa-Kakula 2023 Integrated Development Plan (2023 IDP) for the world-leading Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The 2023 IDP consists of a Pre-Feasibility Study (Kamoa-Kakula 2023 PFS) for the Phase 3 and Phase 4 expansions of the...
2023-03-16 12:45 PM EDT