KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced that Kamoa-Kakula’s Phase 2, 3.8-million-tonne-per-annum (Mtpa) concentrator plant is expected to be 93% complete by January 31, 2022, with hot commissioning of the concentrator on track to begin in April 2022, at the front end of the Q2 2022 previous guidance and several months ahead of the original schedule.

Hot commissioning involves introducing first ore into the plant at a reduced feed rate to set equipment parameters and test performance. Feed rate is then steadily increased.

Kamoa Copper continues to make significant construction progress on the Phase 2 concentrator plant, and the plant is expected to be approximately 93% complete by the end of January. Hot commissioning now is expected to commence in April, and the first copper concentrate produced from the Phase 2 plant is expected approximately one week after ore is fed into the ball mills.

The Phase 2 plant is identical to the Phase 1 3.8-Mtpa concentrator plant and a faster ramp-up profile is expected, with the added benefit of operational knowledge gained during the commissioning of Phase 1.

For comparison, the Phase 1 concentrator reached monthly design throughput during September 2021, which was the fourth full month of operation. First ore was introduced into Kamoa Copper’s Phase 1 concentrator plant on May 20, 2021, and first concentrate was produced from the Phase 1 plant on May 25, 2021. The Phase 1 concentrator currently is running at a throughput that is in excess of its design capacity of 3.8-Mtpa by more than 15%, with 117% of design throughput achieved in December. Copper recoveries also are being achieved that are in excess of design recovery of 86%, depending on feed grade, with December’s recoveries approximately 2% higher.

A dedicated project team has been appointed to de-bottleneck both the Phase 1 and Phase 2 concentrators (after commissioning), with targeted improvements aimed at increasing plant throughput from the design of 7.6 million tonnes per annum to 9.0 million tonnes per annum and producing up to 450,000 tonnes per annum of copper in concentrate from the first two plants once steady-state is achieved.

As announced earlier this month, the 2022 production guidance for the Kamoa-Kakula Copper Complex is between 290,000 to 340,000 tonnes of copper in concentrate. The figures are on a 100%-project basis and copper reported in concentrate is prior to refining losses or deductions associated with smelter terms.

“While most of the mining industry struggles to meet construction timelines and budgets, Kamoa Copper continues to exceed expectations in delivering on the project’s first two development phases,” said Mr. Friedland. “Kamoa-Kakula represents only the beginning of our undertaking to unlock the potential of this remarkable new copper province, which has the unique combination of outstanding scale, grade, mine life, and environmental, social, and governance credentials.”

The Phase 3 expansion, which is expected to be commissioned in Q4 2024, also is advancing, with work ongoing on a new box cut to access the Kamoa Mine. An updated pre-feasibility study, including the Phase 3 expansion, is expected in Q3 2022.

Mark Farren to retire as Kamoa Copper’s CEO following commissioning of Phase 2 expansion; successor search underway

Mr. Friedland and Mr. Sun also announced that Mark Farren, Kamoa Copper’s Chief Executive Officer, will retire from his position at Kamoa Copper following the commissioning of the Phase 2 expansion project. Kamoa Copper has initiated a search for Mr. Farren’s replacement, and Mr. Farren will help support a smooth and seamless transition.

Mr. Farren first joined Ivanhoe Mines in June 2014 as Executive Vice President, Operations, before his appointment as Chief Executive Officer of Kamoa Copper in October 2019. During his time as Kamoa Copper’s CEO, Mr. Farren oversaw the construction, commissioning and operation of the Phase 1 mine and concentrator at Kamoa-Kakula, as well as the project’s Phase 2 and 3 expansions.

“Mark has accomplished a great deal during his time with Ivanhoe Mines and Kamoa Copper, including delivering the Phase 1 project on budget and ahead of schedule in an unprecedented macroeconomic environment. Under his watch, the Phase 1 ramp-up was exceptionally smooth, and the Phase 2 expansion project is running ahead of schedule. Before he leaves, he will have successfully overseen the development of the Kamoa-Kakula complex into one of the ten largest copper producers on the planet,” said Mr. Friedland.

“From all of us at Ivanhoe Mines, together with our partner Zijin Mining, we owe Mark a debt of gratitude for his efforts. We wish him all the best in his well-deserved retirement, in which he plans to spend more time fishing.

“It is a well-known adage that time spent fishing is not deducted from one’s lifespan; as such, when Mark gets bored catching fish, we will gladly welcome him back in a senior role with any of the Ivanhoe group of companies.”

Yufeng “Miles” Sun added: “Kamoa-Kakula has become an industry benchmark under Mark’s leadership, especially given the challenges posed by the COVID-19 pandemic. I salute Mark’s significant contributions and wish him continuous success.”

Jinghe Chen, Chairman of Zijin Mining, said: “Zijin Mining sincerely appreciates Mark’s diligent work and his magnificent achievements in transforming Kamoa-Kakula into one of the world’s top copper producers. I wish Mark and his family all the best in his retirement.”

Ben Munanga, Chairman of the Board of Directors of Kamoa Copper, also commented: “Kamoa Copper’s outstanding success to date is a product of the culture and values promoted throughout the organization under Mark’s guidance. Mark has been instrumental in developing strong managerial talent at Kamoa Copper, and we are confident that his legacy will continue for many years to come.”

Mr. Farren commented: “I have had a long-term goal to retire while I am healthy and able to pursue my hobbies and new adventures. Working with the Ivanhoe Mines and Kamoa Copper teams over the last decade exceeded my expectations and I could not have asked for better co-workers or a more supportive ownership and Board of Directors.

“I am incredibly proud of playing a part in Kamoa-Kakula’s success, and I’m convinced that the best is still to come. I will continue to work with my successor and the rest of the team to ensure the smooth commissioning of the Phase 2 expansion.”

Kamoa-Kakula’s Phase 1 (left) and Phase 2 concentrator plants.

Electrician Tresor Nawej Tshimwish installing an electrical cable at the Phase 2 high-pressure-grinding-rolls (HPGR) substation. More than 83% of the Phase 2 electrical cable has been installed.

Mardoche Muswamba (left) and Kakeya Tshidjamba installing electrical wiring to the pneumatic control valves on the Phase 2 primary mill cyclones. More than 75% of the Phase 2 instruments have been installed.

Ilunga Geplige strapping cables at the Phase 2 secondary crusher. Approximately 170,000 metres of copper electrical cable will be used to wire Kamoa-Kakula’s Phase 2 plant.

About the Kamoa-Kakula Copper Complex

Kamoa-Kakula is projected to be the world’s highest-grade major copper complex, with an initial mining rate of 3.8 Mtpa at an estimated, average feed grade of more than 6.0% copper over the first five years of operations, and 5.9% copper over the initial 10 years of operations. Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, while the Phase 2 expansion is forecast to increase production to more than 400,000 tonnes of copper annually.

Based on independent benchmarking, the project’s phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world’s second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%). A 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.

Qualified Persons

Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is Kamoa Copper’s Head of Projects. Mr. Amos has verified the technical data disclosed in this news release.

Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company’s website and under the company’s SEDAR profile at www.sedar.com:

  • Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.

The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo.

Kamoa-Kakula began producing copper concentrates in May 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula is being powered by clean, renewable hydro-generated electricity and is projected to be among the world’s lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the Democratic Republic of Congo, near the Kamoa-Kakula Project.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

Forward-looking statements

Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, 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 release.

Such statements include without limitation, (i) statements regarding hot commissioning of the Phase 2 concentrator is on track to begin in April 2022; (ii) statements regarding the first copper concentrate produced from the Phase 2 plant is expected approximately one week after ore is fed into the ball mills; (iii) statements regarding the 2022 production guidance for the Kamoa-Kakula Copper Complex is between 290,000 to 340,000 tonnes of copper in concentrate; (iv) all statements regarding the Phase 3 expansion is expected to be commissioned in Q4 2024; (v) statements regarding an updated pre-feasibility study for the Kamoa-Kakula Project, including the Phase 3 expansion, is expected in Q3 2022; (vi) statements regarding Kakula is projected to be the world’s highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa at an estimated, average feed grade of more than 6.0% copper over the first five years of operations and 5.9% copper over the initial 10 years of operations; (vii) statements regarding Kamoa-Kakula’s Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, and Phases 1 and 2 combined are forecast to produce up to 450,000 tonnes of copper per year; (viii) statements regarding based on independent benchmarking, the project’s phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world’s second largest copper mining complex, with peak annual copper production of more than 800,000 tonnes; and (ix) statements regarding Kamoa-Kakula will be among the world's lowest greenhouse gas emitters per unit of copper produced.

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 2021 Q3 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) 欣然宣布,卡莫阿-卡库拉 (Kamoa-Kakula) II期年处理矿石380万吨选厂的建设工程预计于2022年1月31日完成约93%,并按计划将于2022年4月开展带料试车工作,比原定2022年第二季度的指导目标提前数月。


卡莫阿铜矿II 期选厂的施工持续快速推进,1月底前将完成约93%的工程。预计带料试车工作将于4月开展,II期选厂将于矿石供给球磨机后约一个星期内生产首批铜精矿。


相比之下,I期选厂于2021年9月 (即第4个完整报表月度) 实现设计产能,首批矿石于2021年5月20日供给I期选厂后,I期选厂于2021年5月25日生产出第一批精矿。如今I期选厂的产能相比其380万吨/年设计产能已高出15%以上,并于12月份达到设计产能的 117%。铜回收率随入选品位有所浮动,但总体超过86%的设计铜回收率, 12月份的回收率相比设计指标高出约2%。













卡莫阿铜业董事长本·穆南加 (Ben Munanga)也表示﹕“卡莫阿铜业时至今天成绩斐然,是马克带领团队贯彻公司文化和价值的结晶。马克在卡莫阿铜业建设一致优秀管理团队方面扮演着关键的角色,我们深信他的成就将会在未来延续下去。”




电工Tresor Nawej Tshimwish 在II期高压辊磨机变电箱安装电缆。II期的电缆安装工作已完成83%以上。

Mardoche Muswamba (左) 和Kakeya Tshidjamba 在II期球磨机的气压式控制阀进行电路安装。II期的仪表安装工作已完成75%以上。

Ilunga Geplige为二段碎机进行接线工作。总长度约170,000米的铜电缆将用于连接卡莫阿-卡库拉的II期选厂。


预计卡莫阿-卡库拉将成为全球品位最高的大型铜矿山,初始年处理矿石380万吨,预计投产后前5年的平均入选铜品位超过6.0%,投产后前10年超过5.9%。I 期投产后预计每年将生产约20万吨铜,II 期扩建投产后每年将累计生产高达40万吨铜。根据独立研究机构排名,一旦项目扩大产能至处理1,900万吨/年矿石,卡莫阿-卡库拉将成为全球第二大铜矿山,最高年产80多万吨铜。

卡莫阿-卡库拉铜矿项目是艾芬豪矿业 (占股39.6%)、紫金矿业集团 (占股39.6%)、晶河全球 (占股0.8%) 及刚果民主共和国政府 (占股20%) 的合资项目。2020年,加拿大Hatch有限公司对卡莫阿-卡库拉的温室气体强度指标进行了独立审核,确认项目将会成为全球单位铜温室气体排放最低的矿山之一。


本新闻稿中关于卡莫阿-卡库拉项目开发方案的科学或技术性披露已经由史蒂夫·阿莫斯 (Steve Amos) 审查和批准,他凭借其教育、经验和专业协会会籍被认为是NI 43-101 标准下的合资格人。由于阿莫斯先生是卡莫阿铜业的项目负责人,因此他并不符合NI 43-101 对独立人士的界定。阿莫斯先生已核实本新闻稿所披露的技术数据。

艾芬豪已经为卡莫阿-卡库拉项目编制了一份符合NI 43-101 标准的独立技术报告,该报告可在艾芬豪网站以及SEDAR 网站上的艾芬豪页面获得,网址为www.sedar.com

  • 2020年10月13日发布的2020年卡莫阿-卡库拉综合开发方案,由OreWin Pty Ltd.、中国瑞林工程技术有限公司、DRA Global、Epoch Resources、Golder Associates Africa、KGHM Cuprum R&D Centre Ltd.、Outotec Oyj、Paterson and Cooke、Stantec Consulting International LLC、SRK Consulting Inc.以及Wood plc编制。



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合资项目:位于刚果民主共和国的卡莫阿-卡库拉铜矿和位于南非的普拉特瑞夫 (Platreef) 钯-铑-铂-镍-铜-金矿的大型机械化地下矿山开发工程;以及同样位于刚果民主共和国、久富盛名的基普什 (Kipushi) 锌-铜-锗-银矿的大型重建和改善工程。

卡莫阿-卡库拉铜矿项目于2021年5月实现铜精矿生产,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。卡莫阿-卡库拉使用清洁、可再生的水电,并将成为世界上每单位金属温室气体排放量最低的矿山之一。艾芬豪矿业已作出承诺,卡莫阿-卡库拉铜矿将致力实现净零运营温室气体排放 (范围一和二)。同时,艾芬豪正在刚果民主共和国境内、毗邻卡莫阿-卡库拉项目的西部前沿 (Western Foreland) 探矿权内寻找新的铜矿资源。


投资者﹕比尔·特伦曼 (Bill Trenaman),电话﹕+1.604.331.9834 / 媒体﹕马修·基维尔 (Matthew Keevil),电话﹕ +1.604.558.1034


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、不明朗因素和其它因素,可能导致本公司的实际业绩、表现或成就、项目或行业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。

该等陈述包括但不限于﹕(i) 关于II期选厂将按计划于2022年4月开展带料试车工作的陈述;(ii) 关于II期选厂预计将于矿石供给球磨机一星期后生产首批铜精矿的陈述;(iii) 关于卡莫阿-卡库拉铜矿2022年的精矿含铜金属生产指导目标为290,000至340,000吨的陈述;(iv) 关于预计III期扩建将于2024年第四季度实现投产的所有陈述;(v) 关于卡莫阿-卡库拉铜矿的预可行性研究更新版涵盖III期扩建计划,将于2022年第三季度发表的陈述;(vi) 关于卡库拉矿山预期将会成为全球品位最高的大型铜矿,初始年处理矿石380万吨,预计投产后前5年的平均入选铜品位达6.0%以上、投产后前10年达5.9%的陈述;(vii) 关于卡莫阿-卡库拉I 期投产后预计每年将生产约20万吨的铜,而I 期和II 期投产后每年将累计生产高达40万吨铜的陈述;(viii) 关于根据独立研究机构排名,一旦项目扩大产能至1,900万吨/年,卡莫阿-卡库拉将成为全球第二大铜矿山,年度最高铜产量将超过80万吨的陈述;以及(ix) 关于卡莫阿-卡库拉项目将会成为全球每单位铜的温室气体排放量最低矿山之一的陈述。



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