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Ivanhoe plans partial restart for flooded Congo copper mine in late June
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Ivanhoe plans partial restart for flooded Congo copper mine in late June
Jun 2, 2025 10:08 AM

JOHANNESBURG, June 2 (Reuters) - Ivanhoe Mines ( IVPAF )

said on Monday it plans to restart a section of its Kakula

copper mine in the Democratic Republic of Congo later this month

that was closed due to underground seismic activities.

The Canadian miner temporarily stopped operations at the

Kakula mine, part of its giant Kamoa-Kakula copper mining

complex, after tremors that also damaged infrastructure and

caused flooding underground.

Ivanhoe plans to resume operations on the western side of

the Kakula mine, which is dry and where pumping equipment is

working, the company said. The eastern section of the mine will

resume operations once the pumping of the water is completed,

Ivanhoe said.

Ivanhoe shares rose as much as 7.7% in Toronto.

The company said it has now been able to stabilize water

levels after installing temporary pumping equipment underground.

Additional pumping equipment has been ordered to fully remove

water from the mine, Ivanhoe said.

The Vancouver-based miner initially suspended some mining

activities on May 20 after the Kakula mine was hit by frequent

underground tremors. Ivanhoe said mining at the adjacent Kamoa

mine and processing of ore is not affected.

The Congo mines produced about 437,000 metric tons of the

metal last year. Ivanhoe last week suspended its output forecast

for this year, which had initially been set at between 520,000

and 580,000 metric tons of copper.

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