Ivanhoe co-chairs Robert Friedland and Yufeng ‘Miles’ Sun, announced that underground development at the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) produced a combined 250 000 tonnes of ore grading 4.85% copper in November from the Kakula and Kansoko mines.

Ivanhoe’s Kamoa-Kakula copper project produced a combined 250 000 tonnes of ore grading 4.85% copper in November from the Kakula and Kansoko mines Credit: Ivanhoe

Ivanhoe’s Kamoa-Kakula copper project produced a combined 250 000 tonnes of ore grading 4.85% copper in November from the Kakula and Kansoko mines Credit: Ivanhoe

The tonnage was 29% higher than achieved in October, while the monthly copper grade increased from 4.01% to 4.85%. The project’s pre-production surface stockpiles now contain approximately 1.25 million tonnes of high-grade and medium-grade ore at an estimated grade of 3.75% copper.

Contained copper in the stockpiles increased by about 12 100 tonnes in November – a 55% increase over October’s production – to a cumulative total of more than 46 700 tonnes (the current copper price is approximately USD7670 a tonne). The project is on track to have about three million tonnes of high-grade and medium-grade ore stockpiled on surface, containing more than 125 000 tonnes of copper, prior to the planned start of production in July 2021.