September 19, 2018

The strategic equity investment of C$723 million in Ivanhoe Mines by China-based CITIC Metal has been completed. Zijin Mining also has exercised its anti-dilution rights raising additional C$78 million for Ivanhoe, bringing Ivanhoe’s cash position to approximately C$855 million. CITIC Metal and Zijin Mining each purchased their Ivanhoe shares at C$3.68 per share. The funds will be used to advance Ivanhoe’s three world-scale mine-development projects in Southern Africa.

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February 26, 2018

Ivanhoe Mines announced that the company has completed an independently verified, updated Mineral Resource estimate for the ultra-high-grade Kakula Discovery on the Kamoa-Kakula Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo.

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Advancing and enhancing communities

A new secondary school has been built in Kaponda, a small village near the Kamoa-Kakula Project, as part of the project's community relations program. Classes will begin soon at another school nearing completion at Muvunda village.

November 28, 2017

A new PEA for the development of the Kamoa-Kakula Copper Project analyzes an initial, two-stage, modular, 12 million-tonne-per-annum operation – supplied by two adjacent six million-tonne-per-annum mines and a direct-to-blister smelter – yielding an after-tax NPV8% of US$7.2 billion and an IRR of 33% over a 44-year mine life.

Combined production of 12 Mtpa would rank Kamoa-Kakula among the world’s five largest copper mines.

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