Facebook Bankable Twitter Bankable LinkedIn Bankable
Instagram Bankable Youtube Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

Copper: Ivanhoe Mines Reports Record Output at Kamoa-Kakula in August 2024

Copper: Ivanhoe Mines Reports Record Output at Kamoa-Kakula in August 2024

The Kamoa-Kakula copper complex in the DRC produced 40,347 tonnes of concentrate in August 2024, a record. Kamoa-Kakula is operated by Ivanhoe Mines, a Canadian company.

The record performance is partly due to the commissioning of a third concentrator. However, the previously running plants also recorded strong results.  “On August 31, the combined output from the Phase 1, 2, and 3 concentrators reached a daily record of 2,096 tonnes of copper. This included 1,760 tonnes from the Phase 1 and 2 concentrators, which also set a record for the company,” Ivanhoe Mines wrote in a statement dated September 4.

Ivanhoe added that Kamoa-Kakula produced around 263,000 tonnes of copper, including 14,000 tonnes from the new third plant, since the beginning of 2024. This is against 393,551 tonnes of copper concentrate throughout the past year, thus 18% up.

The Canadian firm expects Kamoa-Kakula to produce between 440,000 and 490,000 tonnes of copper concentrate this year. 

Once the project’s third plant is fully operational, Ivanhoe and its partners expect this output to reach 600,000 tonnes per year, making Kamoa-Kakula the third-largest copper mine in the world.

LNK

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
drc-reverend-sister-rita-mboshu-kongo-recognized-for-work-empowering-congolese-girls-and-women
The Reverend Sister Rita Mboshu-Kongo, from the Democratic Republic of Congo (DRC) and a member of the Congregation of the Daughters of Mary Coredemptrix,...
drc-authorities-ramp-up-efforts-to-boost-agricultural-sector-including-an-upcoming-major-project
The Congolese Minister of Rural Development, Muhindo Nzangi Butondo, was in Gbadolite, North Ubangi, on October 28, 2024. During his visit, he discussed a...
drc-ministry-of-water-accelerates-digitalization-efforts-with-smart-meter-project
Goma, the capital of North Kivu, will be one of the first cities in the DR Congo (DRC)to receive smart meters. The initiative is part of a broader...
investment-world-bank-representative-promotes-drc-at-recent-rebranding-africa-africa-forum
During the recent Rebranding Africa Forum in Brussels, Albert Zeufack, the World Bank representative in the Democratic Republic of Congo (DRC),...

African Economies

MOST READ

Please publish modules in offcanvas position.