Ivanhoe's Congo copper production jumps 19% in third quarter
DAKAR – Ivanhoe Mines reported third-quarter copper production at the Kamoa-Kakula mine in Democratic Republic of Congo rose 19% from the previous quarter, helped by higher mining rates across the complex, while its Kipushi mine registered record zinc output.
Kamoa-Kakula, which is owned by Canada's Ivanhoe Mines, China's Zijin and the Congolese state, has been increasing output after higher mining rates across the complex boosted quarterly copper output and helped to lift production from the operation's smelter.
The company's quarterly update said that Kamoa-Kakula produced 76 401 metric tons of copper in saleable products in the third quarter, up from 64 328 tons in the previous quarter. Annual production guidance remains unchanged at 290 000 to 310 000 tons of copper, though output is trending towards the lower end of the range, it added.
Quarterly production was supported by higher mining rates at the Kamoa and Kansoko mines, where volumes increased by about 30% to more than 700 000 tons a month during the quarter, the company said.
Ivanhoe also said that output at its Kipushi zinc mine in Congo rose 10% quarter on quarter to 77 147 tons of zinc in concentrate. Kipushi is on track to achieve the upper end of its 2026 production guidance of 240 000 to 290 000 tons, the company added.
At Kamoa-Kakula, the company's smelter produced a record 118 638 tons of high-strength sulphuric acid during the quarter. The average net realized price for sulphuric acid sales roughly doubled from the previous quarter to about $900 a ton, the company said, reflecting strong demand from copper and cobalt producers on the Congolese copper belt.
Ivanhoe also said that a new 60 megawatt hybrid solar facility reached full capacity in September, reducing diesel consumption by about 40% compared with July.
The company has signed power purchase agreements to double the site's solar capacity to 120 MW within 18 months, it said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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


















