financetom
Business
financetom
/
Business
/
Ivanhoe suspends some Congo copper mining operations after seismic activity
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ivanhoe suspends some Congo copper mining operations after seismic activity
May 26, 2025 11:03 AM

DAKAR, May 20 (Reuters) - Ivanhoe Mines ( IVPAF ) has

suspended some mining operations at its Kakula underground

copper mine in the Democratic Republic of Congo after seismic

activity, it said on Tuesday.

The Canadian miner halted underground operations on Sunday

after a week of tremors. The company said that all employees

working underground were safely evacuated and the western

section of the mine was declared safe to resume operations.

The mine's two concentrators are operating at reduced

capacity, processing stockpiled ore. The adjacent Kamoa mine has

not been disrupted, Ivanhoe said.

The company is ramping up copper mining at the Kamoa-Kakula

complex. In Congo Ivanhoe also operates the Kipushi zinc-copper

mine.

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 >
Open Text CFO Chadwick Westlake to Step Down; Reports Q4 Preliminary Revenue Above Expectations
Open Text CFO Chadwick Westlake to Step Down; Reports Q4 Preliminary Revenue Above Expectations
Jul 9, 2025
09:04 AM EDT, 07/09/2025 (MT Newswires) -- Open Text ( OTEX ) said Wednesday that Chadwick Westlake will step down as chief financial officer in order to take on the role of chief executive at EQB, effective Aug. 15. The company said it named Chief Accounting Officer Cosmin Balota as interim CFO and that it has initiated a search for...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Oil Rises as Red Sea Sinkings Boost Risk Premiums Even as Report Shows Spike in U.S. Inventories
Oil Rises as Red Sea Sinkings Boost Risk Premiums Even as Report Shows Spike in U.S. Inventories
Jul 9, 2025
09:02 AM EDT, 07/09/2025 (MT Newswires) -- Oil prices edged higher early on Wednesday after Houthi militants attacked and sunk a cargo ship in the Red Sea, though an unexpected rise in U.S. inventories last week offered a counter to the safe-haven demand. West Texas Intermediate crude oil for August delivery was last seen up US$0.07 to US$68.40 per barrel,...
Merck Strikes $10-Billion Deal For Verona, Secures First-In-Class COPD Drug
Merck Strikes $10-Billion Deal For Verona, Secures First-In-Class COPD Drug
Jul 9, 2025
Merck & Co. Inc. ( MRK ) agreed on Wednesday to acquire Verona Pharma plc ( VRNA ) for $107 per American Depository Share (ADS) for a total transaction value of approximately $10 billion. Each ADS represents eight ordinary shares of Verona Pharma ( VRNA ). Through the acquisition of this respiratory disease-focused company, Merck ( MRK ) will add...
Copyright 2023-2026 - www.financetom.com All Rights Reserved