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Copper output at Ivanhoe's Congo mine jumps in second quarter
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Copper output at Ivanhoe's Congo mine jumps in second quarter
Jul 8, 2025 9:59 AM

KINSHASA, July 8 (Reuters) - Ivanhoe Mines' ( IVPAF )

production from its flagship Kamoa-Kakula mine in the Democratic

Republic of Congo jumped 11% year-on-year to 112,009 metric tons

of copper in the second quarter, the company said in a statement

on Tuesday.

Output rose despite seismic challenges that disrupted

operations earlier this year. The Canadian miner resumed

operations in June and cut its 2025 production guidance by

nearly 30% to between 370,000 tons and 420,000 tons.

"Ivanhoe's rapid ramp-up and steady outlook underscore

Kamoa-Kakula's position as one of the lowest-cost,

highest-margin copper producers globally," said Zack Hartwanger,

Senior Africa Commercial Officer at commodity trader Open

Mineral.

"Operational recovery plans are well underway at

Kamoa-Kakula," said Ivanhoe Executive Co-Chairman Robert

Friedland.

Ivanhoe has started mining lower-grade areas on the western

side of Kakula and is currently producing ore containing 3-4%

copper, while implementing a two-stage de-watering programme to

access flooded eastern sections.

Mining operations on the western side restarted in early

June, ramping up to 300,000 tons per month by mid-June,

according to the statement.

The company said it was investing $70 million in

high-capacity de-watering infrastructure, with five submersible

pumps arriving from China next month.

Mining in higher-grade areas of approximately 5% copper on

the western side will resume by year-end, Ivanhoe said.

The operational turnaround comes as Kamoa-Kakula prepares

for the September ramp up of its 500,000-ton-per-annum copper

concentrate facility.

First anode production from the facility is expected in

October. The facility will transform the operation from a

concentrate exporter to a producer of 99.7% pure copper anodes,

the company said.

The Kamoa-Kakula complex is one of the world's largest

copper mines, crucial for global supply amid rising demand for

the energy transition metal.

Copper prices have risen more than 8% so far this year

compared to the same period last year.

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