Ivanhoe Mines, copper producer, has begun installing high-capacity submersible pumps for a “Stage Two” dewatering program at Kamoa-Kakula in the DRC and raised 2025 C1 cash-cost guidance by 12% to $1.90–$2.20/lb, reflecting a temporary shift to lower-grade stockpiles while the mine’s eastern workings are drained. The $70 million plan follows seismic-induced flooding on May 20;...
READ MOREIvanhoe Mines has announced a joint venture with UK-based Pallas Resources to explore the Chu-Sarysu Copper Basin in Kazakhstan, the world’s third-largest sediment-hosted copper district. The venture covers up to 16,000 km², making it the largest license package in the region. Ivanhoe has committed $18.7 million in exploration funding over an initial two-year period, with...
READ MOREIvanhoe Mines is poised to ramp up production at its Democratic Republic of Congo (DRC) operations in 2025 after achieving record output in 2024. The Canadian mining company has set its 2025 production guidance at 520,000 to 580,000 metric tons of copper from its flagship Kamoa-Kakula operation. The company reported a 12% year-on-year increase in...
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