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 >
What's Going On With FOXO Shares Monday?
What's Going On With FOXO Shares Monday?
Feb 24, 2025
FOXO Technologies Inc. ( FOXO ) stock originally traded higher on Monday but reversed after the company announced a non-binding acquisition agreement for two assisted-living facilities in Florida. What To Know: The company agreed to acquire the facilities for a total of $60 million, or $30 million each, with part of the payment tied to milestones. FOXO ( FOXO )...
Atlassian Insider Sold Shares Worth $2,290,507, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $2,290,507, According to a Recent SEC Filing
Feb 24, 2025
04:22 PM EST, 02/24/2025 (MT Newswires) -- Michael Cannon-Brookes, 10% Owner, Director, CEO, Co-Founder, on February 21, 2025, sold 7,948 shares in Atlassian ( TEAM ) for $2,290,507. Following the Form 4 filing with the SEC, Cannon-Brookes has control over a total of 206,648 Class A common shares of the company, with 206,648 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218025001530/xslF345X05/primarydocument.xml ...
Atlassian Insider Sold Shares Worth $2,290,506, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $2,290,506, According to a Recent SEC Filing
Feb 24, 2025
04:22 PM EST, 02/24/2025 (MT Newswires) -- Scott Farquhar, 10% Owner, Director, on February 21, 2025, sold 7,948 shares in Atlassian ( TEAM ) for $2,290,506. Following the Form 4 filing with the SEC, Farquhar has control over a total of 206,648 Class A common shares of the company, with 206,648 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218025001529/xslF345X05/primarydocument.xml ...
BWX Technologies Q4 Non-GAAP Earnings Decline, Revenue Rises; 2025 Outlook Set
BWX Technologies Q4 Non-GAAP Earnings Decline, Revenue Rises; 2025 Outlook Set
Feb 24, 2025
04:22 PM EST, 02/24/2025 (MT Newswires) -- BWX Technologies ( BWXT ) reported Q4 non-GAAP earnings late Monday of $0.92 per diluted share, down from $1.01 per share a year earlier. Analysts polled by FactSet expected $0.81. Revenue in the quarter ended Dec. 31 rose to $746.3 million from $725.5 million a year earlier. Analysts surveyed by FactSet expected $721.8...
Copyright 2023-2026 - www.financetom.com All Rights Reserved