Facebook Bankable LinkedIn Bankable
Twitter 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.

 
 
cameroonian-economist-albert-zeufack-confirms-ambition-to-head-afdb-after-adesina
For months, Albert Zeufack has emerged as a potential candidate to head the African Development Bank (AfDB). However, he remained publicly silent in this...
inspiring-fifty-africa-awards-2024-trish-kalombola-among-top-50-women-in-african-tech
Trish Kalombola, President and CEO of TowerCo of Africa (TOA) DRC, is among the winners of the Inspiring Fifty Africa Awards 2024. She has been recognized...
drc-expected-in-early-2025-tradex-appoints-philipp-attang-as-managing-director-of-local-unit
Tradex, a subsidiary of Cameroon’s National Hydrocarbons Corporation (SNH), will enter the Democratic Republic of Congo (DRC) in early 2025. The...
bgfibank-drc-unit-operates-fine-says-group-ceo-henri-oyima
In an exclusive interview with Business in Cameroon (BIC), Henri-Claude Oyima, CEO of BGFIBank Group, discussed how the lender’s subsidiary in the...

African Economies

MOST READ

Please publish modules in offcanvas position.