Ivanhoe to discuss Kamoa-Kakula project options with shareholders
TSX-listed Ivanhoe Mines and its partners in the Democratic Republic of Congo (DRC) − Zijin Mining Group, Crystal River Global and the country’s government − have welcomed the positive findings of an independent definitive feasibility study (DFS) on the Kakula copper mine project.
This study, together with an updated prefeasibility study (PFS) that includes ore mined from the nearby Kansoko copper mine in addition to ore mined from Kakula, will inform an expanded preliminary economic assessment (PEA) for the development of the copper discoveries made to date at the Kamoa-Kakula project in the Central African Copperbelt of the DRC.
The studies and assessment are collectively referred to as the Kamoa-Kakula Integrated Development Plan (IDP) 2020.
The company is discussing this plan to consider various expansion options of the project with stakeholders on September 10.
Ivanhoe explains that the DFS evaluates the six-million-tonne-a-year Kakula mine, which is already under construction, but which can be expanded further.
The PFS evaluates mining 1.6-million tonnes a year from the Kansoko mine, in addition to the six-million tonnes a year from Kakula, to fill a 7.6-million-tonne-a-year processing plant at Kakula.
The PEA evaluates an integrated, multi-staged development to achieve a 19-million-tonne-a-year production rate.
The phased expansion scenario to 19-million tonnes a year would position Kamoa-Kakula as the world’s second-largest copper mining complex, with peak yearly copper output of more than 800 000 t.
The estimated remaining initial capital cost for all three development scenarios is between $600-million and $700-million, of which Ivanhoe’s share is about 50%.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...
VISIT SHOWROOM
Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
