financetom
Business
financetom
/
Business
/
Ivanhoe Mines hits record zinc output in Congo's Kipushi mine
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ivanhoe Mines hits record zinc output in Congo's Kipushi mine
Oct 7, 2025 6:03 AM

DAKAR, Oct 7 (Reuters) - Ivanhoe Mines ( IVPAF ) produced

71,226 metric tons of copper and a record 57,200 tons of zinc in

the third quarter from its flagship Kamoa-Kakula and Kipushi

mines in the Democratic Republic of Congo, the company said on

Tuesday.

The Vancouver-based miner said robust copper output kept it

on track to meet full-year production guidance of 370,000 to

420,000 tons, as mining shifts to higher-grade zones in Kakula's

western section.

Zinc production at Kipushi surged 37% quarter-on-quarter,

driven by a programme to remove processing bottlenecks and boost

throughput, positioning the mine among the world's top

producers, the company said.

ADDRESSING CHALLENGES AT KAKULA

Ivanhoe faced significant production setbacks earlier this

year due to seismic activity at the Kakula Mine that disrupted

underground operations and lowered copper grades.

The company has since ramped up efforts to address the

challenges, including securing $500 million from Qatar's

sovereign wealth fund to expand operations and position

Kamoa-Kakula as a top-tier global copper producer.

Reuters reported in September that the company was in

constant dialogue with sovereign wealth funds for potential

investments to boost production of copper and other critical

minerals.

Ivanhoe confirmed the start-up of Africa's largest copper

smelter in early November, supported by a newly installed

60-megawatt uninterruptible power supply and 60 MW of diesel

backup.

The smelter will process all concentrate from Kamoa-Kakula's

three concentrators and produce up to 700,000 tons of sulphuric

acid annually, a key reagent in the copperbelt.

At Kipushi, Ivanhoe maintained its 2025 zinc production

guidance of 180,000 to 240,000 tons.

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 >
Grocery chain Kroger forecasts annual sales above estimates on steady demand
Grocery chain Kroger forecasts annual sales above estimates on steady demand
Mar 6, 2025
(Reuters) -Kroger ( KR ) on Thursday forecast annual same-store sales largely above Wall Street estimates, fueled by steady grocery demand as value-conscious shoppers prioritize staples such as fresh fruits and vegetables. The results follow an abrupt ouster of long-time chief Rodney McMullen earlier this week, after a board investigation found that his personal conduct was inconsistent with certain company...
Indonesia issues new rule allowing mineral exports in force majeure cases 
Indonesia issues new rule allowing mineral exports in force majeure cases 
Mar 6, 2025
JAKARTA, March 6 (Reuters) - The Indonesian government has issued a regulation allowing mineral companies to export unprocessed ore in force majeure situations, the energy ministry said on Thursday. Indonesia banned exports of raw minerals in 2023 to encourage metals processing at home, but has made some exemptions, including to miner PT Freeport Indonesia, which was granted a permit last...
Kroger forecasts annual sales above estimates
Kroger forecasts annual sales above estimates
Mar 6, 2025
March 6 (Reuters) - Kroger ( KR ) on Thursday forecast annual same-store sales largely above Wall Street estimates, fueled by steady grocery demand as value-conscious shoppers prioritize staples such as fresh fruits and vegetables. The supermarket chain expects growth in full-year identical sales, excluding fuel, in the range of 2% to 3%, compared with analysts' average estimate of a...
BXP Completes Three-Way Venture for Development of $400 Million Jersey City Residential Project
BXP Completes Three-Way Venture for Development of $400 Million Jersey City Residential Project
Mar 6, 2025
08:03 AM EST, 03/06/2025 (MT Newswires) -- BXP (BXP) said Thursday it has completed the formation of a joint venture to develop 290 Coles Street, a 1.75-acre site in Jersey City, New Jersey, into a 670-unit residential project. BXP said it and its partners will execute the approximately $400 million development through a newly formed venture with CrossHarbor Capital, Albanese...
Copyright 2023-2026 - www.financetom.com All Rights Reserved