CITIC Metal confirms completion of confirmatory due diligence and receipt of CITIC internal approvals necessary to complete its C$723 million investment in Ivanhoe Mines. Zijin Mining has fully exercised its anti-dilution rights, which will generate an additional C$78 million. Funds will be used to advance Ivanhoe’s three world-scale mine-development projects in Southern Africa.
Excavation of the box cut for Shaft 2 is progressing at the Platreef Mine development project in South Africa. The box cut is expected to be excavated to a depth of 29 metres below surface by the end of 2018, to allow for the construction of the concrete foundation for the 103-metre-tall headframe that will house Shaft 2's permanent hoisting facilities.
February 26, 2018: Ivanhoe Mines announced that the company has completed an independently verified, updated Mineral Resource estimate for the ultra-high-grade Kakula Discovery on the Kamoa-Kakula Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo.
April 25, 2018: Ivanhoe Mines issued its initial Sustainability Report, providing an overview of Ivanhoe’s programs and initiatives conducted in 2017. The report highlights the significant accomplishments achieved and the goals set for future corporate activities.
Classes at Kipushi provide training in functional literacy through a structured reading and writing program. Ivanhoe Mines is the sole funder of the program, which is run as a partnership with AlfaCongo, a non-profit NGO based in Kinshasa.
November 28, 2017: A new PEA for the development of the Kamoa-Kakula Copper Project analyzes an initial, two-stage, modular, 12 million-tonne-per-annum operation – supplied by two adjacent six million-tonne-per-annum mines and a direct-to-blister smelter – yielding an after-tax NPV8% of US$7.2 billion and an IRR of 33% over a 44-year mine life.
Combined production of 12 Mtpa would rank Kamoa-Kakula among the world’s five largest copper mines.
October 3, 2017: Ivanhoe Mines and Fio Corporation report significant advances from innovative initiative to combat malaria
The ground-breaking Know for Sure campaign has introduced integrated diagnostic and data technology to provide automated, rapid and reliable testing and real-time reporting in the DRC provinces of Haut-Katanga and Lualaba – two malaria-burdened regions that host Ivanhoe’s Kipushi Project and the Ivanhoe-Zijin joint venture Kamoa-Kakula Project. A total of 248 private and public health facilities now offer on-the-spot malaria testing services.
Ivanhoe Mines believes in being a good corporate citizen and neighbour. Our "Corporate Citizenship, Statement of Values and Responsibilities" reflects the obligations and partnerships that naturally accompany the various permissions that we receive from the communities in which we operate.
Exploration and development of underground mines at the Kakula and Kamoa deposits. Kamoa-Kakula is Africa's largest high-grade copper discovery in a previously unknown extension of the Central African Copperbelt.
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