KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announce today that Kamoa Copper S.A. (Kamoa Copper) has signed a memorandum of understanding (MOU) with Lobito Atlantic International SARL (“LAI”, or the “Consortium”), for the transportation of Kamoa-Kakula’s copper concentrate by rail to the Atlantic Ocean port of Lobito in Angola.
The rail line linking the DRC Copperbelt to the port of Lobito, Angola is known as the “Lobito Atlantic Railway Corridor” or “Lobito Corridor”. The rail line extends for 1,739 kilometres from Lobito to Kolwezi in the DRC, passing within five kilometres of the Kamoa-Kakula licence boundary and through the Western Foreland exploration licences (shown in Figure 2).
In July 2022, the Consortium was formally awarded a 30-year concession for railway services and support logistics in Angola. LAI is a consortium comprised of leading global commodities trading group Trafigura Pte Ltd; Mota-Engil Engenharia e Construcao Africa SA (“Mota-Engil”), an international construction and infrastructure management company that first started operating in Angola in 1946; and Vecturis SA, an independent rail operator.
The Consortium has committed to invest $455 million in Angola and up to a further $100 million in the DRC on the improvement of the Lobito Corridor’s rail infrastructure, capacity and safety, including rolling stock consisting of over 1,500 wagons and 35 locomotives. There is also potential for additional investment in the future as the opportunity is explored to further extend the Lobito Corridor into Zambia.
The Lobito Corridor will reduce pressure on the country’s other logistics corridors. This is expected to not only reduce the cost of exporting from, but also reduce the cost of importing into the DRC Copperbelt. Thereby, accelerating DRC’s, social and economic development, as well as the industrialization of the wider region.
The President of the Democratic Republic of Congo, His Excellency Mr Felix Tshisekedi, made the following comments in a recent television interview with La Radio-Télévision Nationale Congolaise (RTNC):
“I am very committed to cooperation with our neighbours. We gain two partners in the [Lobito Corridor] project, Angola and Zambia. This will benefit our populations nearby and further away… Indeed that is the goal, to create national integration, resulting in ease of movement for goods and people inside our country... So that the various regions can engage in trade among themselves.”
“We have no time to stop and enjoy our small victories. We need to work hard…The interest of the people must be taken into account and we are focused on that… The priority for me is to protect our population and ensure they are healthy… I want this country to be stable so that we can focus on our development over the long term.”
Link to full interview: https://www.youtube.com/watch?v=u3llKuoPqlk
Ivanhoe Mines’ Founder and Executive Co-Chairman, Robert Friedland commented:
"The Lobito Corridor is set to become a crucial trade route for copper and other critical minerals from a uniquely strategic region of Africa… metals that are so desperately needed for our planet's energy transition. Thanks to the forward-thinking investments by our shareholders CITIC, who originally upgraded the port and rail line, there is now the possibility of open access rail from the Copperbelt to the deep-water, Atlantic Ocean port of Lobito. This type of modern infrastructure will be critical as mines like Kamoa-Kakula continue to expand, and
as more tier-one copper discoveries are made in the Western Foreland... the best copper hunting ground on the planet.
“The Lobito Corridor is the shortest and most direct export and import route from the Copperbelt to the seaborne international market, which should provide for quicker turnaround times and lower costs. Most importantly, logistics on the rail corridor will incur significantly lower carbon emissions than the alternative by truck – further enhancing Kamoa-Kakula’s commitment to produce ultra-green copper.
"The U.S. Government's support for the Lobito Corridor and proposed financing highlights the need for a coordinated global effort to upgrade infrastructure in sub-Saharan Africa. To tackle the challenges of climate change, international cooperation is essential in developing responsible supply chains. This collaboration must involve local communities, ensuring a sustainable and ethical approach to extracting minerals in the areas where they are found."
Figure 1. Map of export routes currently used by Kamoa-Kakula in red, as well as the Lobito Railway Corridor route in orange. Logistics costs account for over 30% of Kamoa-Kakula’s total cash costs (C1), due to the long in-land distances travelled by road for exports to reach port.
An initial trial shipment of up to 10,000 tonnes of copper concentrate from Kamoa-Kakula’s Phase 1 and 2 concentrators will be transported along the Lobito Rail Corridor in Q4 2023. Once at the port of Lobito, the concentrate will be sold to international markets. Information will be gathered from the trial shipment on greenhouse gas (GHG) savings, transit times, operating costs and other operational factors.
Currently, Kamoa-Kakula trucks its copper concentrates by road across sub-Saharan Africa to the ports of Durban in South Africa, Dar es Saleem in Tanzania, Beira in Mozambique, and Walvis Bay in Namibia, from where they are shipped onto international markets. Approximately 90% of the concentrates are shipped from Durban and Dar es Saleem. Not only is the distance to the port of Lobito from Kamoa-Kakula greatly reduced (see Figure 1), but also transportation by rail is both quicker and significantly less energy intensive.
Once fully operational, the Lobito Atlantic Railway Corridor could significantly improve the logistics costs and carbon footprint of exporting metals from the Kamoa-Kakula Copper Complex, the Kipushi zinc-copper-germanium-silver mine, as well as the future development of any copper discoveries within the Western Foreland Exploration Project.
On July 4, 2023, a ceremony took place in Lobito, hosted by the Municipal Administration of Lobito, marking the transfer of railway services and support logistics of the Lobito Atlantic Railway Corridor to the Consortium. The event was attended by Hakainde Hichilema, President of the Republic of Zambia; João Manuel Gonçalves Lourenço, President of the Republic of Angola; Felix Tshisekedi, President of the Democratic Republic of the Congo; and Jeremy Weir, Executive Chairman and Chief Executive Officer of Trafigura.
Link to the Trafigura press release made on July 4, 2023: https://www.trafigura.com/press-releases/transfer-commences-of-the-concession-of-railway-services-and-support-logistics-of-the-lobito-corridor-in-angola-to-the-lobito-atlantic-railway/
The MOU follows the recent announcement by the United States International Development Finance Corporation (DFC), which is currently conducting due diligence for a potential $250-million investment to finance the commercialization of the Lobito Atlantic Railway Corridor.
Link to the full U.S. Government press statement made on May 20, 2023: https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/20/fact-sheet-partnership-for-global-infrastructure-and-investment-at-the-g7-summit/
Further, on January 27, 2023, the governments of Angola, DRC and Zambia signed the Lobito Corridor Transit Transport Facilitation Agency Agreement (LCTTFA). The tripartite LCTTFA aims to coordinate the joint development activities of the Lobito Atlantic Railway Corridor as an alternative, strategic route to export markets for both Zambia and the DRC.
The Atlantic Ocean port of Lobito, Angola. Up to 10,000 tonnes of copper concentrate from Kamoa-Kakula to be exported from the port in Q4 2023. The MOU is the first commercial agreement under the new concession for exporting metals from the DRC using the Lobito Atlantic Rail Corridor. Photo source: Bloomberg.
All figures are in U.S. dollars unless otherwise stated.
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 Copper Complex in the DRC, 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 DRC.
Ivanhoe Mines also is exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to, or in close proximity to, the Kamoa-Kakula Copper Complex in the DRC.
Vancouver: Matthew Keevil +1.604.558.1034
London: Tommy Horton +44 7866 913 207
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 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 using 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.
Such statements include without limitation, the timing and results of: (i) statements regarding the MOU with Trafigura, and specifically that commencing in Q4 2023, the trial will consist of up to 10,000 tonnes of copper concentrate from Kamoa-Kakula’s Phase 1 and 2 concentrators and that once at the port of the Lobito, the concentrate will be sold to international markets; (ii) statements that the Lobito Corridor is set to become a crucial trade route from a uniquely strategic region in Africa for copper and other critical minerals; (iii) statements that the Lobito Atlantic Rail Corridor is set to transform regional logistics in the DRC and neighbouring countries; (iv) statements that the Western Foreland remains the best copper hunting ground on the plant; (v) statements regarding a potential $250-million investment by DFC to finance the commercialization of the Lobito Atlantic Railway Corridor; and (vi) statements regarding the Lobito Corridor significantly improving logistics costs and carbon footprint of exporting metals from the Kamoa-Kakula Copper Complex, the Kipushi zinc-copper-germanium-silver mine, and any future copper discoveries in the Western Foreland Exploration Project.
Furthermore, 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, nickel, zinc, platinum, palladium, rhodium and gold; (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; (xvii) recoveries, mining rates and grade; (xviii) political factors; (xviii) water inflow into the mine and its potential effect on mining operations; and (xix) the consistency and availability of electric power.
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 such results will be achieved. Many 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 above and under the "Risk Factors" section in the company's MD&A for the three and six months ended June 30, 2023, and its Annual Information Form, and elsewhere in this news 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 news 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 news 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 news release.
The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors outlined in the "Risk Factors" section and elsewhere in the company's MD&A for the three and six months ended June 30, 2023, and its Annual Information Form.
刚果民主共和国科卢韦齐 — 艾芬豪矿业 (TSX: IVN; OTCQX:IVPAF) 执行联席董事长罗伯特·弗里兰德 (Robert Friedland) 、联席董事长郝维宝(Webber Hao)及总裁玛娜·克洛特 (Marna Cloete) 今天宣布，卡莫阿铜业有限公司 (以下简称“卡莫阿铜业”) 与洛比托大西洋国际 (Lobito Atlantic International SARL ，以下简称“LAI” 或“洛大国际”) 签署谅解备忘录，经铁路运输卡莫阿-卡库拉铜精矿到安哥拉的洛比托大西洋海港。
“洛比托大西洋铁路走廊”或“洛比托走廊”连接刚果(金)铜矿带和安哥拉洛比托港口，从洛比托一直延伸至刚果(金)科卢韦齐，全长1,739公里，途经卡莫阿-卡库拉 (Kamoa-Kakula) 矿权证范围边界5公里处，且贯穿西部前沿 (Western Foreland) 探矿权范围 (见图2)。
2022年7月，洛大国际正式获得安哥拉铁路服务和物流项目为期30年的特许经营权。洛大国际是由领先全球的大宗商品贸易集团托克公司 (Trafigura Pte Ltd.)、1946年首次在安哥拉开展业务的国际建筑和基础设施管理公司 Mota-Engil、以及独立铁路运营商 Vecturis SA 公司组成的财团。
刚果民主共和国总统费利克斯·齐塞克迪(Felix Tshisekedi) 阁下最近在接受刚果(金)国家广播电视台RTNC访问时评论说：“刚果(金)一直致力于与邻国合作，我们在“洛比托走廊”项目中与安哥拉和赞比亚两国缔结合作伙伴关系，使毗邻项目所在地及远离项目所在地区的人民也同样受益。事实上，这就是我们的目标，实现民族大团结，使我国境内的物流和交通更加便利，从而促进各个地区之间的贸易发展。”
计划在2023年第四季度开展试运，从卡莫阿-卡库拉 I 期和 II 期选厂经洛比托铁路走廊运送高达1万吨铜精矿到洛比托港口向国际市场销售。试行期间将收集温室气体减排量、运输时间、运营成本和其他操作事项等相关信息。
洛比托大西洋铁路走廊全面投入服务后，预计将使卡莫阿-卡库拉铜矿、基普什 (Kipushi) 锌-铜-锗-银矿、以及西部前沿未来开发铜资源出口金属所产生的物流成本和碳足迹显著减少。
2023年7月4日，洛比托市政府主持项目交接仪式，将洛比托大西洋铁路走廊的铁路服务和物流项目正式授予洛大国际。赞比亚共和国总统哈凯恩德·希奇莱马 (Hakainde Hichilema)、安哥拉共和国总统若昂·曼努埃尔·贡萨尔维斯·洛伦索 (João Manuel Gonçalves Lourenço)、刚果民主共和国总统费利克斯·齐塞克迪以及托克集团执行董事长兼首席执行官杰里米·威尔 (Jeremy Weir) 均出席了交接仪式。
美国国际开发金融公司 (以下简称 "DFC") 近日披露正在为洛比托大西洋铁路走廊商业化提供2.5亿美元的融资方案开展尽职调查。
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(金)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) 顶级钯-铑-铂-镍-铜-金矿的开拓工程；以及同样位于刚果(金)、久负盛名的基普什超高品位锌-铜-锗-银矿的重建工程。
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
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、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下列事项的时间点和结果﹕(i) 关于与托克公司签署谅解备忘录，试行计划将于2023年第四季度开展，从卡莫阿-卡库拉I 期和II 期选厂运送高达1万吨铜精矿到洛比托港口向国际市场销售的陈述；(ii) 关于洛比托走廊将会成为从非洲战略性区域进出口铜金属和其他关键矿产资源的最重要贸易路线的陈述；(iii) 关于洛比托大西洋铁路走廊将为刚果(金)和邻国的区域性物流带来全新局面的陈述；(iv) 关于西部前沿探矿权蕴藏着全球最富有铜资源的陈述；(v) 关于DFC为洛比托大西洋铁路走廊商业化提供2.5亿美元融资方案的陈述；以及 (vi) 关于洛比托走廊将使卡莫阿-卡库拉铜矿及基普什锌-铜-锗-银矿出口金属以及西部前沿探矿权日后开发铜资源所产生的物流成本和碳足迹显着减少的陈述。
另外，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、镍、锌、铂金、钯、铑和黄金的价格；(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；(xvii) 回收率、开采率和品位；(xviii) 政治因素；(xix) 矿山进水情况及对于开采作业的潜在影响；以及 (xx) 电源的稳定性和供应。
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，包括但不限于公司截至2023年6月30日止三个月及六个月的《管理层讨论与分析》和当前年度信息表中 “风险因素” 部分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；以及勘查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查、研究、开发或运营的结果。
基于公司截至2023年6月30日止三个月及六个月的《管理层讨论与分析》和当前年度信息表中 “风险因素” 及其他部分所指的因素，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。