Recently ramped-up Phase 3 concentrator achieves record 90% recovery rate over 24 hours

Lobito Atlantic Railway receives first batch of new container wagons

Democratic Republic of the Congo is set to become World’s second-largest copper producer

Kolwezi, Democratic Republic of Congo–(Newsfile Corp. – December 3, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 45,019 tonnes of copper in concentrate during the 30 days of November. The concentrators milled 1.2 million tonnes of ore at an average feed grade of 4.58% copper.

The Democratic Republic of the Congo is on track to become the world’s second-largest copper producer as Ivanhoe Mines reports record-breaking production rates at the Kamoa-Kakula Copper Complex. The recently ramped-up Phase 3 concentrator has achieved an impressive 90% recovery rate over a 24-hour period, signaling significant advancements in copper production in the region.

The success of the Phase 1, 2, and 3 concentrators at the complex has resulted in a monthly production record of 45,019 tonnes of copper in concentrate, a remarkable feat that highlights the potential for the DRC to become a major player in the global copper market. With the concentrators milling 1.2 million tonnes of ore at an average feed grade of 4.58% copper, the country is poised to make a substantial impact on copper production worldwide.

How will this affect me?

As a consumer, the increased copper production in the Democratic Republic of the Congo may lead to a more stable supply of copper-based products, such as electrical wiring and plumbing materials. This could potentially result in more affordable prices for consumers and greater availability of copper goods in the market.

How will this affect the world?

The Democratic Republic of the Congo’s rise as the world’s second-largest copper producer will have a significant impact on the global economy and the copper market. Increased production from the Kamoa-Kakula Copper Complex will contribute to meeting global demand for copper, supporting industries such as manufacturing, construction, and electronics. The country’s role as a key player in the copper industry will shape market trends and influence prices on a global scale.

Conclusion

The achievements of the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex signal a new era for the Democratic Republic of the Congo as a major copper producer. With record-breaking production rates and a strategic position in the global market, the country is poised to make a significant impact on copper production worldwide, benefiting both consumers and industries reliant on copper-based products.