financetom
Business
financetom
/
Business
/
Ivanhoe Achieves First Concentrate Production at Phase 3 Concentrator of Kamoa-Kakula Mine in Democratic Republic of Congo
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ivanhoe Achieves First Concentrate Production at Phase 3 Concentrator of Kamoa-Kakula Mine in Democratic Republic of Congo
Jun 11, 2024 6:13 AM

08:57 AM EDT, 06/11/2024 (MT Newswires) -- Ivanhoe Mines ( IVPAF ) said Tuesday that it achieved first concentrate production at the phase 3 concentrator of the Kamoa-Kakula copper mine in the Democratic Republic of the Congo.

Ivanhoe said the phase 3 concentrator expansion was completed nearly two quarters ahead of schedule and would boost the mine's production to over 600,000 tonnes per year of copper.

The company reached the milestone about two weeks after feeding the first ore into the concentrator.

The ramp-up to commercial production is targeted for early in the third quarter.

Ivanhoe said the phase 3 concentrator would increase the total design processing capacity of Kamoa-Kakula to 14.2 million tonnes per annum, which would make it the world's third-largest mine and the largest in Africa.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Graco Insider Sold Shares Worth $335,827, According to a Recent SEC Filing
Graco Insider Sold Shares Worth $335,827, According to a Recent SEC Filing
Mar 14, 2024
01:57 PM EDT, 03/14/2024 (MT Newswires) -- Angela F Wordell, Executive Vice President, Operations, on March 13, 2024, sold 3,588 shares in Graco ( GGG ) for $335,827. Following the Form 4 filing with the SEC, Wordell has control over a total of 14,939 shares of the company, with 12,725 shares held directly and 2,214 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/42888/000112760224010071/xslF345X03/form4.xml...
Comcast, Cable One Among Stocks Falling After FCC Price Transparency Rule
Comcast, Cable One Among Stocks Falling After FCC Price Transparency Rule
Mar 14, 2024
01:59 PM EDT, 03/14/2024 (MT Newswires) -- Comcast ( CMCSA ) and Cable One ( CABO ) fell in recent Thursday trading after the US Federal Communications Commission adopted a rule requiring cable and satellite TV providers to display the total price of their video programming service, with no hidden fees, in ads and subscribers' bills. Shares of Comcast (...
CI&T Q4 Earnings Flat, Revenue Down -- Shares Up
CI&T Q4 Earnings Flat, Revenue Down -- Shares Up
Mar 14, 2024
01:58 PM EDT, 03/14/2024 (MT Newswires) -- CI&T ( CINT ) reported Q4 earnings Thursday of 0.16 Brazilian reais ($0.032) per diluted share, same as a year earlier. One analysts polled by Capital IQ expected 0.23 reais. Net revenue for the quarter ended Dec. 31 was 522.6 million reais, down from 611.8 million reais a year earlier. Analysts surveyed by...
Top Midday Gainers
Top Midday Gainers
Mar 14, 2024
01:51 PM EDT, 03/14/2024 (MT Newswires) -- Solidion Technology ( STI ) has agreed to sell about $3.9 million worth of securities in a private placement to institutional investors. Shares jumped past 10% Thursday as intraday trading volume surged to nearly 12 million versus the daily average of 2.21 million. Turtle Beach's ( HEAR ) shares rose more than 26%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved