NEW YORK CITY, NEW YORK – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce today, ahead of the Goldman Sachs Copper Day, further details of the Phase 3 expansion at the Kamoa-Kakula Copper Mining Complex in the Democratic Republic of Congo. Phase 3 is expected to increase annualized copper production capacity to approximately 600,000 tonnes per year by the fourth quarter of 2024, which will position Kamoa Copper as the world’s third-largest copper mining complex (Figure 1), and the largest copper mining complex on the African continent.

Kamoa-Kakula's Phase 3 will consist of two new underground mines known as Kamoa 1 and Kamoa 2, as well as the initial decline development at Kakula West. A new, 5 million-tonne-per-annum concentrator plant will be established adjacent to the two new mines at Kamoa.

Upon commencement of Phase 3 production, Kamoa Copper will have a total processing capacity of greater than 14 million tonnes per annum. The existing Phase 1 and 2 concentrators will be de-bottlenecked and operating at a combined throughput of 9.2 million tonnes of ore per year by the second quarter of 2023, which is expected to increase Kamoa-Kakula’s annual copper production to more than 450,000 tonnes. The associated power and surface infrastructure are being designed to support Phase 3, as well as future expansions.

Phase 3 also includes a direct-to-blister flash smelter that will incorporate leading-edge technology supplied by Metso Outotec of Espoo, Finland, with a nameplate capacity of 500,000 tonnes per year of approximately 99%-pure blister copper. It is projected to be one of the largest, single-line copper flash smelters in the world, and the largest in Africa.

Kamoa-Kakula’s Phase 3 expansion will also be powered by clean, green hydroelectricity. Kamoa Copper’s Inga II partnership is expected to generate an additional 178 megawatts (MW) of renewable hydropower for the Democratic Republic of Congo, providing the Kamoa-Kakula Copper Mining Complex and associated smelter with sustainable electricity for Phase 3 and future expansions, while also benefitting local communities.

Negotiations for an amendment to Kamoa-Kakula’s offtake arrangements for Phase 2 production are nearly complete, with copper product currently being shipped under existing, Phase 1 agreements.

Kamoa Copper’s Phase 1 and Phase 2 concentrator plants have reached commercial production. Kamoa-Kakula is expected to increase production to approximately 600,000 tonnes copper by Q4 2024.

Watch an April video highlighting Kamoa-Kakula’s operations and phased expansion: https://vimeo.com/705427431/8e94ba5768

Mr. Friedland commented: “Together with our joint-venture partner, Zijin Mining, we are resolved to expedite future expansion phases at Kamoa-Kakula to meet rapidly rising copper demand, create profitable growth for our shareholders, and long-lasting economic and social benefits for the Congolese nation and people. The Kamoa Copper team has delivered fantastic results during construction and ramp-up of Phase 1 and Phase 2, and we're confident that record of success will continue as we expand Kamoa-Kakula into one of the world's largest producers of copper metal.

“We are at an inflection point for the copper industry ... one where we must determine how to meet growing demand, even as discovering and building new mines becomes ever more challenging. Humanity will likely require as much copper in the next 22 years alone as it did through this point in its history – approximately 700 million metric tonnes – just to maintain 3% GDP growth. This does not even account for rising demand related to global investment to combat climate change through aggressive electrification.

“We share Goldman Sachs' outlook on the pending supply-demand challenges in the copper market. We are looking forward to meeting with the financial and investment leaders in New York to discuss solutions, and to share the industry leading successes at Kamoa-Kakula ... which at this very moment is the ‘greenest’ and fastest growing copper mine on the planet.”

Figure 1: Kamoa-Kakula’s base-case, pro-forma Phase 3 copper production (after Phase 1 and 2 de-bottlenecking is complete) relative to the world’s projected top 10 producing mines in 2022 by paid copper production.

Source: Company filings, Wood Mackenzie (April 2022). Note: Kamoa-Kakula production of 600 kt copper in concentrate, is based on expected Phase 1, 2 and 3 steady state production, following de-bottlenecking of both Phase 1 and 2 concentrators, and commercial ramp-up of the Phase 3 concentrator.

Construction progress on the new box cut and twin decline excavations is advancing quickly at the Kamoa 1 and Kamoa 2 mines.

Phase 3 construction works well underway, with Pre-Feasibility Study expected in the second half of 2022

Phase 3 is making solid progress, with detailed design, budgeting and engineering advancing well. Construction progress on the new box cut excavation is advancing rapidly at the Kamoa 1 and Kamoa 2 mines, with decline development expected to start in early May 2022, which will provide access to the major Phase 3 mining areas.

The Pre-Feasibility Study for the Phase 3 expansion is well advanced and expected to be announced during the second half of this year, while first production is anticipated to commence by the end of 2024.

Drilling the blast holes for the first blast at the Phase 3 Kamoa 1 and 2 box cut, which occurred in early April.

Annebel Oosthuizen, Chief Executive, Commercial, Kamoa Copper (left); and Marna Cloete, President, Ivanhoe Mines, initiate the second blast at the Kamoa 1 and 2 box cut.

Photo of the second blast at the Kamoa 1 and 2 box cut dated April 14, 2022.

Kamoa-Kakula smelter to be one of the largest, single-line blister-copper flash smelters in the world, and the largest in Africa

Kamoa Copper has awarded the earthworks contract for the Phase 3, 500,000-tonnes-per-annum, direct-to-blister flash smelter; and construction has commenced at the site.

The Kamoa-Kakula smelter will be built adjacent to the Phase 1 and Phase 2 concentrator plants, and is designed to use technology supplied by Metso Outotec and to meet the International Finance Corporation’s (IFC) emissions standards. The smelter has been sized to process most of the copper concentrate forecast to be produced by Kamoa-Kakula’s Phase 1, Phase 2 and Phase 3 concentrators.

In late 2021, Kamoa Copper awarded China Nerin Engineering Co., Ltd. (Nerin) of Jiangxi, China, with the basic engineering contract for the planned, direct-to-blister flash smelter. Nerin is an international engineering company with more than 60 years of experience in smelter engineering and construction projects globally. Nerin actively promotes the advancement of smelting technology through its own research and development, and establishing various partnerships with global industry peers, including Metso Outotec.

The smelter, once in operation, is expected to enable Kamoa-Kakula to reduce its C1 cash costs per pound of payable copper produced by approximately 10% to 20%, driven by significantly reduced transportation costs, reducing overall volumes shipped by more than half, as well as more favorable tax treatment, and the recovery and sale of sulphuric acid as a by-product revenue.

There is a strong demand and market for sulphuric acid in the Democratic Republic of Congo to recover copper from oxide ores. Copper mines in the region currently import significant volumes of sulphur used in sulphur-burning acid plants to produce sulphuric acid for the treatment of oxide copper ores. The Democratic Republic of Congo also imports sulphuric acid, primarily from Zambia.

Changdong Liu (left), Kamoa Technical Executive; and David Mitchell, Kamoa Senior Project Manager, standing in the location of the direct-to-blister flash furnace in the new smelter plant.

Inga II partnership to supply additional clean hydroelectric power for the Phase 3 expansion and smelter; EPC contract signed for Turbine #5 refurbishment

In July 2021, Ivanhoe Mines Energy DRC, a sister company of Kamoa Copper tasked with delivering reliable, clean, renewable hydropower to the Kamoa-Kakula Copper Mining Complex, signed an addendum of the financing agreement under a public-private partnership with the Democratic Republic of Congo's state-owned power company, La Société Nationale d'Electricité (SNEL), to upgrade a major turbine (#5) in the existing Inga II hydropower facility on the Congo River.

This partnership successfully refurbished and modernized the Mwadingusha hydropower plant in 2021, which now provides 78 MW to the national grid.

The Inga II project is expected to produce an additional 178 MW of renewable hydropower, providing the Kamoa-Kakula Copper Complex and associated smelter with sustainable electricity for Phase 3 and future expansions, while also benefitting local communities. The Inga II upgrade project is scheduled for completion in the fourth quarter of 2024.

The work at Turbine #5 will include the upgrade and replacement of all the unit line from intake equipment, turbine, speed governor, alternator, voltage regulator and transformers (water to wire).

The Inga II Turbine #5 project has much lower unitary cost per megawatt produced ($0.58/MW) compared to the completed Mwadingusha project ($1.45/MW).

The engineering, procurement, and construction (EPC) contract for the upgrading of Turbine #5 was signed in Heidenheim, Germany, on April 26, 2022, by SNEL and Voith Hydro, a leading German hydropower company.  

Signing of the Turbine #5 EPC contract in Heidenheim, Germany, on April 26, 2022. (L-R) Jean-Bosco Kayombo, CEO, SNEL; Ben Munanga, General Manager, Ivanhoe Mines Energy; Heike Bergmann, Senior VP Sales, Africa, Voith Hydro; Gerhard Seyrling, President and CEO, Voith Hydro Europe

Interior photo of the Inga II hydropower facility on the right bank of the Congo River at Inga falls, which was originally equipped between 1977 and 1982. Inga II has eight 178-MW turbine and generator units.

Kamoa Copper breaks ground on the Kamoa Centre of Excellence facility

Construction now is underway at the Kamoa Center of Excellence, which once in operation, aims to create a sustainable and community-centered learning environment in the heart of the Democratic Republic of Congo. Kamoa Copper’s leadership team hosted the groundbreaking ceremony in December 2021.

A recent survey indicated that the current situation regarding the local Kolwezi high school learners’ desire to study “abroad” must improve for the long-term future of the country. In response, there is a desire to retain and develop local talent and to create a situation where in-country higher education becomes the norm. The Kamoa Centre of Excellence will be a world-class facility, developed on the outskirts of Kolwezi, offering degrees, diplomas and short courses in collaboration with internationally accredited institutions.

The project will take place over multiple phases to allow for departments, as well as sports facilities, to be added over time. Initial curriculum offerings will be aligned with the mining industry i.e., mining engineering, French-English language courses, and much more. Phase 1 will include just over 100 students, with enrollment to commence in 2023. Kamoa Copper has committed to fund the construction of this new facility, including interior furnishings and the technological setup.

The Kamoa Centre of Excellence will be a future-ready learning environment hosted within an adaptable campus. This community advanced, private institution of higher learning will create a legacy of collaboration, supporting local infrastructure and economic growth.

Aerial view of the site selected for the Kamoa Centre of Excellence, where early construction works have commenced.

Architectural renderings of the proposed Kamoa Centre of Excellence campus, located just outside of Kolwezi. Student enrollment is scheduled to begin in 2023.

Ivanhoe Mines reports logistics ongoing as usual

Heavy rains and flooding forced a brief suspension of operations at the Port of Durban in South Africa's KwaZulu-Natal province in mid-April. The brief suspension at the Port of Durban has had no material impacts on Ivanhoe Mines’ business, and operations resumed at the port on April 17, 2022.

Ivanhoe Mines to issue Q1 2022 financial results and host conference call for investors on May 10

Ivanhoe Mines will report its Q1 2022 financial results before market open on Tuesday, May 10, 2022.

The company will hold an investor conference call to discuss the Q1 2022 financial results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same day. The conference call dial-in is +1-647-794-4605 or toll free 1-888-204-4368, quote “Ivanhoe Mines Q1 2022 Financial Results” if requested. Media are invited to attend on a listen-only basis.

Link to join the live audio webcast: https://bit.ly/3DTATay

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.

The team with Kongo River Construction, a civil engineering and contract mining services company in the Democratic Republic of Congo, building the decline ramp at the Kamoa 1 and 2 box cut.

Aerial photo of progress Kamoa 1 and Kamoa 2 box cut and decline ramp.

Qualified Persons

Disclosures of a scientific or technical nature 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 the Head of the Kamoa Project. 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 is the world’s fastest growing major copper mine. 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 Mining Complex.

About the Kamoa-Kakula Copper Mining Complex

Kamoa-Kakula is the world’s fastest growing and highest-grade major copper mining complex. Based on independent benchmarking, the project’s phased expansion scenario to 19 million tonnes per annum would position Kamoa-Kakula as the world’s second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes. Copper production from the Kamoa Copper’s first two phases is projected to exceed 450,000 tonnes per year by Q2 2023, positioning Kamoa Copper as the world’s fourth largest copper producer.

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 foremost among the world's lowest greenhouse gas emitters per unit of copper produced.

The Kamoa-Kakula Mining Complex 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%).

Information contact

Matthew Keevil +1.604.558.1034

Website www.ivanhoemines.com

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 that an updated pre-feasibility study for Phase 3 is scheduled for H2 2022; (ii) statements regarding Kamoa-Kakula becoming the world's third-largest copper mining complex by Q4 2024, with copper production of approximately 600,000 tonnes per year; (iii) statements regarding first copper production from Phase 3 expected in Q4 2024; (iv) statements regarding the Phase 1 and 2 de-bottlenecking program increasing combined throughput to 9.2 million tonnes of ore per year by Q2 2023 and increasing annual copper production to more than 450,000 tonnes; (v) statements regarding the Kamoa-Kakula’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; (vi) statements regarding Kamoa-Kakula will be among the world's lowest greenhouse gas emitters per unit of copper produced; (vii) statements on achieving net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine; (viii) statements regarding the Phase 3 expansion to include third 5 million-tonne-per-annum concentrator, adjacent to two new underground mines; (ix) statements regarding Kamoa Copper’s first copper metal production from on-site flash smelter expected in Q4 2024; (x) statements regarding the associated power and surface infrastructure for Phase 3 will be designed to support future expansions; (xi) statements regarding the Kamoa-Kakula smelter nameplate capacity of 500,000 tonnes a year of approximately 99%-pure blister copper; (xii) statements regarding the smelter enabling Kamoa-Kakula to reduce its C1 cash costs per pound of payable copper produced by approximately 10 to 20%; (xiv) statements regarding the recovery and sale of sulphuric acid as a by-product revenue; and (xv) statements regarding the Inga II Turbine #5 project being complete by Q4 2024, and providing 178 MW of hydropower to the grid.

As well, all of the results of the Kakula definitive feasibility study, the Kakula-Kansoko pre-feasibility study and the Kamoa-Kakula preliminary economic assessment, constitute forward-looking statements or information, and include future estimates of internal rates of return, net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased development of the projects. Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula Project, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) the ability to raise sufficient capital to develop such projects; (xvi) changes in project scope or design; and (xvii) political factors.

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 Q4 and Year-End MD&A and its current annual information form.

纽约 — 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) 在高盛铜业日之前欣然宣布,公司位于刚果民主共和国的卡莫阿-卡库拉铜矿项目 III 期扩建的详细信息。预计到2024年第四季度,III 期扩建后项目总产能提升至约60万吨铜/年,这将使卡莫阿铜业成为全球第三 (图1) 以及非洲最大的铜矿山。

卡莫阿-卡库拉 III 期将包括卡莫阿1区和卡莫阿2区两座新建的地下矿山,以及卡库拉西区首条斜坡道的建设工程。年处理矿石500万吨的新选厂将会建设在卡莫阿两座新矿山附近。

III 期扩建实现投产后,卡莫阿铜业的总矿石处理量将超过1,400万吨/年。预计到2023年第二季度技改方案完成后,I 期和 II 期选厂的总设计产能将提升至920万吨/年,预计总年产铜将超过45万吨。III 期电力和地表基础设施的设计工作正在进行中,以配合日后扩建计划。

此外,III 期扩建将包括一座设计产能50万吨/年、含铜99%的直接粗铜闪速冶炼厂,利用芬兰美卓奥图泰研发的顶尖技术,预计将会成为全球规模最大的单系列粗铜闪速冶炼厂之一,以及非洲最大的铜冶炼厂。

卡莫阿-卡库拉 III 期扩建将使用清洁环保的水电能源。卡莫阿铜业的英加二期合作项目,预计将为刚果(金)增加178兆瓦可再生水电,为卡莫阿-卡库拉铜矿项目和冶炼厂提供稳定的电力供应,配合 III 期和日后扩建计划,并广泛惠及当地社区。

卡莫阿-卡库拉包销协议的修订谈判即将完成,目前的铜产品根据现有的 I 期协议出货。

卡莫阿 I 期和 II 期选厂已实现商业化生产。预计到2024年第四季度,卡莫阿-卡库拉的铜年产量将提升至约60万吨。

点击观看卡莫阿-卡库拉4月份生产作业和分期扩建的视频
https://vimeo.com/705427431/8e94ba5768

弗里兰德先生评论说:“我们与合作伙伴紫金矿业携手奋进,力求加快卡莫阿-卡库拉的后续扩建,以满足市场对于铜金属日益增长的需求,为股东创造盈利增长,并为刚果(金)国家和人民带来长期的经济和社会利益。卡莫阿铜业团队在 I 期和 II 期的建设和产量爬坡方面成绩斐然,我们深信后续扩建将再创佳绩,推进卡莫阿-卡库拉扩展成为全球规模最大的铜矿之一。”

“铜金属产业正处于一个转折点。尽管新矿床的发现和建设变得更为艰巨,我们必须确保满足市场日益增长的需求。人类在未来22年对于铜金属的需求可能与现在相当,大约7亿公吨铜以维持3%的国内生产总值增长。这数字还没有包括全球积极推行电气化以应对气候变化所作的投资项目对于铜金属不断增加的需求。”

“我们与高盛一致认为铜市场即将面临供求方面的挑战。我们期待与金融和投资界的高层在纽约会面,交流讨论解决方案,并分享卡莫阿-卡库拉领先行业的成功故事 — 目前是全球最环保和增长最快的铜矿。”

图1﹕卡莫阿-卡库拉 III 期铜产量的基础预测 (I 期和 II 期技改后),与2022年全球十大生产矿山预测 (按可售铜产量排名) 比较

信息来源﹕公司文件、伍德曼肯兹 (2022年4月)。注:卡莫阿-卡库拉精矿含铜60万吨的产量预测,是基于 I 期和 II 期选厂技改后,预计 I 期、II 期和 III 期实现稳态产能以及 III 期选厂实现爬坡而作出的估算。

卡莫阿1区和卡莫阿2区的新井口和双斜坡道的建设工程正快速推进

III 期扩建工程进展顺利,预可行性研究将于2022年下半年发布

III 期扩建取得了坚实的进展,详细设计、预算和工程设计均顺利推进。卡莫阿1区和卡莫阿2区的新井口和双斜坡道的建设工程正快速施工,预计斜坡道的开拓工程将于2022年5月初开展,将用于III期主要采区的进场通道。

III 期扩建项目的预可行性研究进展顺利,预计于下半年发布。预计 III 期扩建将于2024年底正式启动投产。

III 期卡莫阿1区和2区斜坡道开口于4月初为首次爆破作业进行爆破孔钻探。

卡莫阿铜业商务总监安妮贝尔·奥斯图伊森 (Annebel Oosthuizen) (左) 和艾芬豪矿业总裁玛娜·科洛特 (Marna Cloete) 启动卡莫阿1区和2区斜坡道开口的第二次爆破作业

卡莫阿1区和2区斜坡道开口于2022年4月14日进行第二次爆破作业。

卡莫阿-卡库拉冶炼厂将成为全球规模最大的单系列粗铜闪速冶炼厂之一以及非洲最大型的铜冶炼厂

卡莫阿铜业已为 III 期年产50万吨直接粗铜闪速冶炼厂签署土方工程合同,并已开始施工。

卡莫阿-卡库拉冶炼厂将建设在 I 期和 II 期选厂附近,利用美卓奥图泰的技术,按照国际金融公司 (IFC) 制订的排放标准建造;设计规模适合处理 I 期、II 期和 III 期选厂生产的大部分铜精矿。

2021年底,卡莫阿铜业正式委托中国瑞林工程技术有限公司负责直接粗铜闪速冶炼厂的基础工程设计。中国瑞林是一家国际工程公司,在全球冶炼工程和建设项目方面拥有超过 60 年的经验, 通过自主研发,积极推动冶炼技术的发展,并且与全球同业公司如美卓奥图泰建立多元化的合作伙伴关系。

冶炼厂投产后,预计将使卡莫阿-卡库拉生产每磅铜的C1现金成本减低约10%至20%,主要由于物流成本大幅降低,运输总量减少一半以上,以及更优惠的出口税待遇,并可回收和销售副产品硫酸以创造更多的收入来源。

刚果 (金) 主要从赞比亚进口硫酸, 对于硫酸的需求旺盛,当地的铜矿山大量进口硫磺生产硫酸, 以用于处理氧化铜矿的湿法冶炼。

卡莫阿冶炼厂技术主管刘长东 (左) 和卡莫阿冶炼厂高级项目经理 David Mitchell 在为新冶炼厂选址。

英加二期合作协议将为 III 期扩建及冶炼厂提供额外的清洁水电;5号涡轮机组升级工程的EPCM合同已签署

2021年7月,艾芬豪矿业刚果(金)能源公司 (Ivanhoe Mines Energy DRC) 与刚果(金)国有电力公司 La Société Nationale d'Electricité (以下简称“SNEL”) 扩展现有的融资协议,对位于刚果河上的英加二期水电站进行5号涡轮机组的升级工程。艾芬豪矿业刚果(金)能源公司为卡莫阿铜业的姊妹公司,专门负责为卡莫阿-卡库拉铜矿提供可靠的清洁、可再生水电。

这项合作于2021年已成功为Mwadingusha水电站进行了升级和现代化改造,该水电站目前为国家电网提供 78 兆瓦的电力。

英加二期项目预计将产生额外的178兆瓦可再生水电,为卡莫阿-卡库拉铜矿项目和冶炼厂提供稳定的电力供应,配合 III 期及未来扩建计划,同时使当地社区受惠。英加二期升级改造项目将于2024年第四季度完工。

5号涡轮机组的工程将包括升级和更换进气设备、涡轮机、调速器、交流电机、电压调整器和变压器 (从水到电线) 的所有单元。

英加二期5号涡轮机组的每兆瓦发电成本为0.58美元/兆瓦,远低于已完工Mwadingusha项目 (1.45美元/兆瓦)。

2022年4月26日,SNEL与领先的水电公司德国福伊特水电 (Voith Hydro) 在德国海登海姆签署5号涡轮机组升级改造的工程、采购和施工管理 (EPCM)合同。

2022年4月26日在德国海登海姆签署5号涡轮机组的EPCM合同。(从左至右)﹕SNEL首席执行官Jean-Bosco Kayombo、艾芬豪矿业能源董事长本·穆南加 (Ben Munanga)、福伊特水电非洲高级销售副总裁Heike Bergmann以及欧洲福伊特水电总裁兼首席执行官Gerhard Seyrling。

英加二期水电站的室内部分。英加二期水电站位于刚果河右岸的英加瀑布上,于1977年至1982年期间建造,设有8台178兆瓦的涡轮机组和发电机组

卡莫阿铜业的卡莫阿卓越发展中心正式动工

卡莫阿卓越发展中心的建设工程正在进行,旨在为刚果(金)建立一个以社区为中心的可持续学习环境。卡莫阿铜业的领导团队于2021年12月主持中心的开工仪式。

最近的一项调查显示,科卢韦齐当地的高中生对于“外出”求学的意愿必须得到提升,才能满足刚果(金)未来的长远发展。为应对这情况,当地有意保留和培养当地人才,并促进国内高等教育成为普遍的现象。位于科卢韦齐郊区的卡莫阿卓越发展中心,将会成为世界级的学府,与国际认可的机构合作提供学位、文凭和短期课程。

项目将以多阶段发展,逐步增设教学部门和体育设施。初期提供与矿业相关的课程,如采矿工程、法语-英语课程等十多个课程。首阶段将于2023年开始招收100多名学生。卡莫阿铜业已承诺资助该中心的建设工程,包括室内陈设和技术设置。

卡莫阿卓越发展中心为学员提供着眼未来的学习环境。这个社区高级培训中心将创造惠及世代的协同合作,支持当地基础设施和经济增长。

卡莫阿卓越发展中心选址的鸟瞰图,早期的建设工程已经开展。

拟建的卡莫阿卓越发展中心的校院建筑设计图,位于科卢韦齐郊区,预计首批学员将于2023年入学。

项目运输如常进行

南非夸祖鲁-纳塔尔省 (KwaZulu-Natal) 于4月中旬出现暴雨和洪灾,导致德班港短暂停止运作,但没有对艾芬豪矿业的业务造成重大影响。港口已于2022年4月17日恢复运作。

艾芬豪矿业将于5月10日举行投资者会议并公布 2022年第一季度财务报告

艾芬豪矿业将于2022年5月10日周二开市前公布2022年第一季度财务业绩。

公司将于同日东部时间上午10:30 / 西部时间上午7:30召开投资者电话会议,讨论2022年第一季度财务业绩。电话会议拨入号码为 +1-647-794-4605或免费拨号号码 1-888-204-4368,如有要求,请引述"艾芬豪矿业2022年第一季度财务业绩",被邀媒体将在听众列席。

加入音频网络直播的链接:
https://bit.ly/3DTATay

电话会议的网络广播录音及相关演示材料将在艾芬豪矿业网站上提供:
www.ivanhoemines.com

发布后,财务报表和管理层的讨论和分析将在www.ivanhoemines.comwww.sedar.com上提供。

矿山团队与刚果(金)土木工程和采矿服务承包商Kongo River Construction在卡莫阿1区和2区进行斜坡道开口工程。

卡莫阿1区和卡莫阿2区井口和斜坡道施工进度的鸟瞰图。

合资格人

本新闻稿中关于卡莫阿-卡库拉项目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。

技术报告包括本新闻稿中引用的卡莫阿-卡库拉项目的矿产资源估算的假设、参数和方法等信息,以及本新闻稿中关于科学和技术性披露的数据验证、勘查程序和其他事项的信息。

关于艾芬豪矿业

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、久负盛名的基普什 (Kipushi) 锌-铜-锗-银矿的大型重建和改善工程。

卡莫阿-卡库拉是世界上增长最快的大型铜矿。卡莫阿-卡库拉于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。

关于卡莫阿-卡库拉铜矿项目

卡莫阿-卡库拉是世界上成长最快和品位最高的超大型铜矿。根据独立研究机构排名,一旦产能扩大至1,900万吨/年,卡莫阿-卡库拉将成为全球第二大铜矿山,最高年产铜80多万吨。预计到2023年第二季度,卡莫阿铜业I期和II期联合年产铜将超过45万吨,使卡莫阿铜业成为全球第四大铜生产商。

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。

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。

联系方式
马修·基维尔 (Matthew Keevil),电话﹕ +1.604.558.1034
网址﹕www.ivanhoemines.com

前瞻性陈述

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、其项目或行业的业绩,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。

该等陈述包括但不限于﹕(i) 关于III期的更新版预可行性研究将于2022年下半年发表的陈述;(ii) 关于卡莫阿-卡库拉预计于2024年第四季度将成为全球第三大铜矿山,年产铜约60万吨的陈述;(iii) 关于预计III期扩建将于2024年第四季度实现投产的陈述;(iv) 关于I期和II期选厂的技改方案完成后,预计到2023年第二季度,两座选厂的总设计产能将提升至920万吨/年,年产铜将超过45万吨的陈述;(v) 关于分期扩建方案一旦扩大至1,900万吨/年,卡莫阿-卡库拉将成为全球第二大铜矿山,最高年产铜80多万吨的陈述;(vi) 关于卡莫阿-卡库拉将会成为全球单位铜温室气体排放最低的矿山之一的陈述;(vii) 关于卡莫阿-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) 的陈述;(viii) 关于III期扩建将增设年处理矿石500万吨的第三座选厂,毗邻新建的两座地下矿山的陈述;(ix) 关于卡莫阿铜业将于2024年第四季度在现场闪速冶炼厂开展铜生产的陈述;(x) 关于III期电力和地表基础设施的设计将配合日后扩建计划的陈述;(xi) 关于卡莫阿-卡库拉冶炼厂的设计产能达50万吨/年,生产含铜99%粗铜的陈述;(xii) 关于冶炼厂将使卡莫阿-卡库拉生产每磅铜的C1现金成本减低约10%至20%的陈述;(xiv) 关于回收和销售副产品硫酸创造收入来源的陈述;以及 (xv) 关于英加二期5号涡轮机组升级改造项目将于2024年第四季度完工,将为电网提供178兆瓦水电的陈述。

此外,卡库拉铜矿可行性研究、卡库拉-卡索科预可行性研究以及卡莫阿-卡库拉项目初步经济评估的所有结果均构成了前瞻性陈述或信息,并包括内部收益率的未来估算、净现值,未来产量、现金成本估算、建议开采计划和方法、估计矿山服务年限、现金流预测、金属回收率、资本和运营成本估算,以及项目分期开发的规模和时间点。另外,对于与卡莫阿-卡库拉项目开发有关的特定前瞻性信息,公司是基于某些不确定因素而作出假设和分析。不确定因素包括:(i) 基础设施的充足性;(ii) 地质特征;(iii) 矿化的选冶特征;(iv) 发展充足选矿产能的能力;(v) 铜价格;(vi) 完成开发所需的设备和设施的可用性;(vii) 消耗品和采矿及选矿设备的费用;(viii) 不可预见的技术和工程问题;(ix) 事故或破坏或恐怖主义行为;(x) 货币波动; (xi) 法例修订;(xii) 合资企业伙伴对协议条款的遵守情况;(xiii) 熟练劳工的人手和生产率;(xiv) 各政府机构对矿业的监管;(xv) 筹集足够资金以发展该等项目的能力;(xvi) 项目范围或设计更变;以及 (xvii) 政治因素。

前瞻性陈述及信息涉及重大风险和不确定性,故不应被视为对未来表现或业绩的保证,并且不能准确地指示能否达到该等业绩。许多因素可能导致实际业绩与前瞻性陈述或信息所讨论的业绩有重大差异,包括但不限于“风险因素”以及本新闻稿其他部分所指的因素,以及有关部门实施的法律、法规或规章或其不可预见的变化;与公司签订合约的各方没有根据协议履行合约;社会或劳资纠纷;商品价格的变动;以及勘探计划或研究未能达到预期结果或未能产生足以证明和支持继续勘探、研究、开发或运营的结果。

虽然本新闻稿载有的前瞻性陈述是基于公司管理层认为合理的假设而作出,但公司不能向投资者保证实际业绩会与前瞻性陈述的预期一致。这些前瞻性陈述仅是截至本新闻稿发布当日作出,而且受本警示声明明确限制。根据相应的证券法,公司并无义务更新或修改任何前瞻性陈述以反映本新闻稿发布当日后所发生的事件或情况。

基于公司截至2021第四季度及年度《管理层讨论与分析》和当前年度信息表中"风险因素"部分所列的因素,公司的实际业绩可能与这些前瞻性陈述所预计的业绩产生重大差异。

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