Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

Kamoa-Kakula Output Milestone Shifted to 2027

Kamoa-Kakula Output Milestone Shifted to 2027

The Kamoa-Kakula copper mine in the Democratic Republic of Congo is not expected to reach 500,000 tons of annual production until 2027, operator Ivanhoe Mines said on Wednesday, as repair work continues following a seismic event in May.

Since beginning production in 2021, output at Kamoa-Kakula has increased steadily, rising from 333,500 tons in its first full year in 2022 to a record 437,061 tons in 2024.

Ivanhoe had planned to accelerate that growth in 2025 with the launch of a third processing plant, which was expected to boost production to between 520,000 and 580,000 tons.

Those targets were revised downward after the seismic incident, which primarily affected the underground Kakula section of the mine. Production is now forecast to peak at around 420,000 tons in 2025, with a similar ceiling expected in 2026, before increasing to roughly 540,000 tons in 2027.

The outlook assumes a gradual improvement in mining and processing rates as repair work at Kakula progresses. Ivanhoe said a full update to Kamoa-Kakula’s long-term operating plan is under preparation.

Kamoa-Kakula is the DRC’s largest copper mine and one of the biggest in the world. The Congolese state holds a 20 percent stake, while Ivanhoe Mines and Chinese partner Zijin Mining each own 39.6 percent and Crystal River Global Limited  holds 0.8%

Aurel Sèdjro Houenou, Ecofin Agency

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
mohamed-cherif-takes-over-afdb-drc-office-with-mandate-to-speed-up-projects
Mohamed Chérif is the new African Development Bank (AfDB) country manager for the Democratic Republic of Congo. Although the Bank has not yet formally...
gecamines-looks-to-replicate-morocco-s-ocp-model-to-enter-battery-chemical-sector
Guy-Robert Lukama, who has chaired the board of Gécamines since February 2023, is advancing an ambitious strategy for the state-owned mining company. He...
eu-s-von-der-leyen-highlights-clean-energy-push-green-corridor-plan-in-the-drc
European Commission President Ursula von der Leyen has outlined the European Union's priorities in the Democratic Republic of Congo, with clean energy...
justice-minister-guillaume-ngefa-targets-military-foreigners-in-illegal-mining-sweep
Democratic Republic of Congo (DRC) Justice Minister Guillaume Ngefa has ordered prosecutors to take legal action against those involved in illegal mining...

African Economies

MOST READ

Please publish modules in offcanvas position.