For the second month in a row, Kamoa-Kakula is producing at an annualized rate in excess of 400,000 tonnes of
floated and filtered copper
De-bottlenecking program is near 70% complete, to further increase annualized production to approximately
450,000 tonnes of copper
New daily milling record achieved at Kamoa-Kakula, equivalent to an annual milling rate of 9.3 million tonnes of ore per annum
Ivanhoe Mines to issue Q3 2022 financial results and host conference call for investors on November 14
KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce today that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo produced 33,379 tonnes of filtered copper in concentrate during the month of October.
At the end of October, there was an additional 5,786 tonnes of floated, but not yet filtered, copper in inventory. This marks the second month in a row that floated and filtered copper production from the Kamoa-Kakula Mining Complex has exceeded 400,000 tonnes per annum on an annualised basis.
The Phase 1 and 2 milling and flotation circuits continue to operate in excess of design capacity. The difference between floated, and subsequently, filtered copper arises from the current bottleneck in concentrate thickening and filter capacity at the tail end of the processing circuit. Excess floated copper is currently being temporarily stored as a slurry in a fully-lined pond adjacent to the Phase 1 and 2 concentrators. The unfiltered copper in inventory will be reclaimed into the concentrate thickener and filter press once capacity is expanded following the installation of a new concentrate thickener and Larox filter press, as part of the ongoing de-bottlenecking program.
The previously announced de-bottlenecking program is approximately 70% complete and is tracking ahead of schedule. The program, which is expected to be complete in Q2 2023, will increase the combined design processing capacity of the Phase 1 and Phase 2 concentrator plants from 7.6 million tonnes per annum to approximately 9.2 million tonnes per annum.
Kamoa-Kakula’s Phase 1 and 2 concentrators milled 713,439 tonnes of ore in October, equivalent to a run rate of 8.6 million tonnes per year. During the month, the processing team at Kamoa-Kakula stress-tested the operating rate of the Phase 2 concentrator and over a 24-hour period achieved a record of approximately 14,000 tonnes of ore milled. This is equivalent to a milling rate from both the Phase 1 and 2 concentrators of 9.3 million tonnes per annum (after accounting for availability).
The installation of the scavenger-cleaner flotation cell at the Phase 2 Concentrator is nearing completion. The de-bottlenecking program is expected to be complete in Q2 2023.
Construction of the additional concentrate thickener is advancing well. The debottlenecking program is approximately 70% complete and is tracking ahead of schedule.
Ivanhoe Mines to issue Q3 2022 financial results and host conference call for investors on November 14
Ivanhoe Mines will report its Q3 2022 financial results, and a detailed update on its operations, before market open on Monday, November 14, 2022.
The company will hold an investor conference call to discuss the Q3 2022 financial results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on November 14. The conference call dial-in is +1-416-764-8650 or toll free 1-888-664-6383, quote “Ivanhoe Mines Q3 2022 Financial Results” if requested. Media are invited to attend on a listen-only basis.
Link to join the live audio webcast: https://app.webinar.net/YvWzpn3maEn
An audio webcast recording of the conference call, together with supporting presentation slides, will be available on Ivanhoe Mines’ website at www.ivanhoemines.com.
After issuance, the Financial Statements and Management’s Discussion and Analysis will be available at www.ivanhoemines.com and at www.sedar.com.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal
projects in Southern Africa: the expansion of the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo.
The Kamoa-Kakula Mining Complex is the highest-grade and fastest growing of the top 10 copper mining operations in the world. Copper concentrates were first produced in May 2021 and, through on-going phased expansions, the Kamoa-Kakula Mining Complex is positioned to become one of the world's largest copper producing operations. Kamoa-Kakula’s 2022 production guidance is between 310,000 to 340,000 tonnes of copper in concentrate.
The Kamoa-Kakula Mining Complex is powered by clean, renewable hydro-generated electricity and is among one of the world’s lowest greenhouse gas emitters per tonne of copper metal produced.
The Kamoa-Kakula Mining Complex is operated by Kamoa Copper, a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the DRC government (20%).
Ivanhoe Mines is also exploring for new copper discoveries across its circa 2,400km2 of wholly-owned exploration licences in the Western Foreland, which are located adjacent to the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo.
Vancouver: Matthew Keevil +1.604.558.1034
London: Tommy Horton +44 7866 913 207
Vancouver: Tanya Todd +1.604.331.9834
Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the company, the Platreef Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results, and speak only as of the date of this news release.
The forward-looking statements and forward-looking information in this news release include without limitation, statements regarding; (i) the de-bottlenecking program is approximately 70% complete and will increase annual copper production rate to approximately 450,000 tonnes and is on schedule to be completed in Q2 2023; (ii) The unfiltered copper in inventory will be reclaimed into the concentrate thickener and filter press once capacity is expanded following the installation of a new concentrate thickener and Larox filter press, as part of the ongoing de-bottlenecking program; (iii) The Kamoa-Kakula Mining Complex is the highest-grade and fastest growing of the top 10 copper mining operations in the world; (iv) through on-going phased expansions, the Kamoa-Kakula Mining Complex is positioned to become one of the world's largest copper producing operations; (v) Kamoa-Kakula’s 2022 production guidance is between 310,000 to 340,000 tonnes of copper in concentrate; (vi) the de-bottlenecking program is expected to increase the combined design processing capacity of the Phase 1 and Phase 2 concentrator plants from 7.6 million tonnes per annum to approximately 9.2 million tonnes per annum.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed below and under “Risk Factors”, and elsewhere in this release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
Although the forward-looking statements contained in this release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.
The company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below in the “Risk Factors” section in the company’s 2022 Q2 MD&A and its current annual information form.
刚果民主共和国科卢韦齐 — 艾芬豪矿业 (TSX: IVN; OTCQX: IVPAF) 联席董事长罗伯特·弗里兰德 (Robert Friedland) 与孙玉峰 (Miles Sun) 今天欣然宣布，位于刚果民主共和国的卡莫阿-卡库拉 (Kamoa-Kakula) 铜矿10月份生产精矿含铜3.3万吨。
I 期和 II 期磨矿和浮选车间持续超越设计产能。浮选铜和后续压滤铜之间的差异，主要由于精矿浓密和压滤处理能力出现瓶颈。目前，未压滤的浮选铜暂时储存在靠近 I 期和 II 期选厂的一个严格防渗的库池里，待技改工程的新精矿浓密机和 Larox 压滤机投产后再行处理。
技改方案比原计划进度超前，目前已完成约 70%。预计技改工程在 2023 年第二季度完成后，I 期和 II 期选厂的综合设计产能将从 760 万吨/年提升至约 920 万吨/年。
卡莫阿-卡库拉 I 期和 II 期选厂10 月份共处理 71万吨矿石，相当于 860 万吨的年化产能。卡莫阿-卡库拉10月份在 II 期选厂完成了产能压力测试， 24 小时内共处理约 1.4万吨矿石，相当于 I 期和 II 期选厂同时以 930 万吨/年的产能处理矿石 (已考虑设备使用率)。
艾芬豪矿业将于 2022 年 11 月 14 日周一开市前公布 2022 年第三季度财务业绩。
公司将于11月14日东部时间上午10:30 / 西部时间上午7:30召开投资者电话会议，讨论2022年第三季度财务业绩。电话会议拨入号码为 +1-416-764-8650或免费拨号号码 1-888-664-6383，如有要求，请引述 “艾芬豪矿业2022年第三季度财务业绩”，被邀媒体将在听众列席。
艾芬豪矿业是一家加拿大的矿业公司，正在推进旗下位于南部非洲的三大主要项目：位于刚果民主共和国的卡莫阿-卡库拉铜矿项目的扩建工程、位于南非的普拉特瑞夫 (Platreef) 钯-铑-铂-镍-铜-金矿的开拓工程；以及同样位于刚果民主共和国、久负盛名的基普什 (Kipushi) 超高品位锌-铜-锗-银矿的重建工程。
卡莫阿-卡库拉铜矿项目由艾芬豪矿业 (占股39.6%)、紫金矿业集团 (占股39.6%)、晶河全球 (占股0.8%) 及刚果(金)政府 (占股20%) 的合资企业卡莫阿铜业负责运营。
同时，艾芬豪矿业正在刚果民主共和国境内、毗邻卡莫阿-卡库拉铜矿项目的西部前沿 (Western Foreland) 探矿权内寻找新的铜矿资源。西部前沿探矿权占地2,400平方公里，由艾芬豪矿业全资拥有。
温哥华﹕马修·基维尔 (Matthew Keevil)，电话﹕+1.604.558.1034
伦敦﹕托米·霍顿 (Tommy Horton) ，电话﹕+44 7866 913 207
温哥华﹕坦尼娅·托德 (Tanya Todd) ，电话﹕+1.604.331.9834
本新闻稿载有的某些陈述可能构成适用证券法所订议的"前瞻性陈述"或"前瞻性信息"。这些陈述及信息涉及已知和未知的风险、不确定性和其他因素，可能导致本公司的实际业绩、表现或成就、普拉特瑞夫项目或行业的业绩，与前瞻性陈述或信息所表达或暗示的任何未来业绩、表现或成就产生重大差异。这些陈述可通过文中使用"可能"、"将会"、"会"、"将要"、"打算"、"预期"、"相信"、"计划"、"预计"、"估计"、 "安排" 、"预测"、"预言"及其他类似用语，或者声明"可能"、"会"、"将会"、"可能会"或"将要"采取、发生或实现某些行动、事件或结果进行识别。这些陈述仅反映本公司于本新闻稿发布当日对于未来事件、表现和业绩的当前预期。
本新闻稿载有的前瞻性陈述及前瞻性信息包括但不限于以下的陈述﹕(i) 技改工程已完成约70%，将按计划于2023年第二季度完工，年产铜将提升至约45万吨/年；(ii) 现场库存未过滤的浮选铜，直到技改方案其中新的精矿浓密机和 Larox 压滤机装机完成后，将供给精矿浓密机和压滤机处理；(iii) 卡莫阿-卡库拉是全球品位最高和增长最快的十大铜矿之一；(iv) 卡莫阿-卡库拉未来将分阶段进行扩建，预计将会成为全球最大规模的铜生产商之一；(v) 卡莫阿-卡库拉铜矿2022年生产精矿含铜金属的指导目标为31至34万吨；以及 (vi) 技改方案完成后，预计I 期和 II 期选厂的综合设计产能将从760万吨/年提升至约 920万吨/年。