KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that Ivanhoe Mines Energy DRC, a sister company of Kamoa Copper SA tasked with delivering reliable, clean, renewable hydropower to the Kamoa-Kakula Copper Mine, has signed a memorandum of understanding (MOU) in a public-private partnership with the DRC’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.
His Excellency Félix Tshisekedi, President of the Democratic Republic of the Congo, commented on the significance of the public-private partnership to upgrade one of eight turbines at the Inga II hydroelectric power station to produce clean, renewable electricity to support Kamoa-Kakula’s expansion plans and provide reliable electricity to local communities: “The Democratic Republic of the Congo is blessed with extraordinary hydroelectric potential. It is imperative to develop this potential because hydropower is clean, reliable and renewable. It is undoubtedly the most suitable type of electricity to support our country’s long-term development priorities.”
“Partnerships such as the one between SNEL and Ivanhoe allow us to inject additional capacity into our electrical grid and improve the living conditions of Congolese citizens by increasing their access to electricity. At the same time, the additional power that will be generated will allow Kamoa-Kakula to beneficiate its mining products in the DRC. This will create additional revenue for the country, as well as employment opportunities for our people. As the host country and as a shareholder of Kamoa Copper, the DRC sees this local value creation as a strategic imperative," President Tshisekedi added.
Ben Munanga, Chairman of Kamoa Copper, remarked: “The bilateral cooperation between Ivanhoe Mines Energy DRC and SNEL to secure reliable power for Kamoa-Kakula is a win-win partnership and underscores the importance that the DRC government places on the development of large-scale mining projects in the country.”
“This new power-supply agreement is an important step forward on our sustainability journey as it will provide Kamoa-Kakula with priority access to a combined 240 megawatts of clean, renewable electricity from the upgraded turbines at Mwadingusha and Inga II hydropower plants,” Mr. Munanga added.
Estimated 162 megawatts of hydropower expected to be generated by upgrading Inga II’s turbine 5
The Inga II hydropower plant is located in the southwest of the DRC, on the Congo River. The Congo River is the deepest river in the world and the second longest after the Nile, with a flow rate second only to the Amazon’s. Measured along with the Lualaba, the main tributary, the Congo River has a total length of 4,370 kilometres. It is the only major river to cross the equator twice. The Congo River is unique in that it has large rapids and waterfalls very close to the mouth while most rivers have these features upstream. The rapids and waterfalls give the Congo River huge hydropower potential. The Congo Basin covers an estimated total area of 3.7 million square kilometres, approximately 13% of the entire African landmass.
Originally equipped between 1977 and 1982, Inga II has been running for approximately 40 years. Four of the eight turbines at Inga II have beenrefurbished. Turbine 5 is one of the remaining four that are awaiting an upgrade. An estimated output of 162 megawatts (MW) is expected to be unlocked by upgrading Inga II’s turbine 5, part of which will be used to meet future power requirements of the Kamoa-Kakula Mine. The surplus power produced from the upgraded turbine will be distributed on the national power grid to increase access to electricity for the citizens of the DRC.
SNEL and Ivanhoe Mines Energy DRC plan to appoint Voith Hydro of Heidenheim, Germany, a leading engineering group, as the contractor to lead the consortium of equipment manufacturers for the turbine upgrade. For more than 80 years, Voith has successfully constructed and modernized hydropower plants on the African continent, and approximately 25% of currently installed turbine capacity in Africa has been supplied by Voith. Voith also has successfully rehabilitated two turbine generators at the adjoining Inga I hydropower plant, a project that was financed by the World Bank.
Detailed engineering and costing for the upgrading of Inga II’s turbine 5 is ongoing. However, initial indications are that the upgrading can be accomplished at a significantly reduced cost per megawatt generated compared to the upgrading of the Mwadingusha plant.
Aerial view of the Inga I (rear) and Inga II (front) hydropower plants on the Congo River. The penstock funneling water to turbine 5 at Inga II is circled in red.
Hydropower for sustainable development
Mr. Friedland said a long-term, sustainable supply of electricity is essential to Ivanhoe’s vision to develop Kamoa-Kakula into one of the world’s largest copper projects and doing it in an environmentally, ethically and socially responsible manner. As a sustainable source of energy, hydropower can make a significant contribution to a country’s economic and social development.
“Until now, a key limiting factor in expanding Kamoa-Kakula to its full potential has been the availability of sufficient power. Given the project’s massive Indicated Resources of approximately 1.4 billion tonnes grading 2.7% copper, at a 1% cut-off, and the outstanding potential to find more high-grade copper, the new partnership with SNEL on Inga II gives us a clear line of sight to realizing our vision of building Kamoa-Kakula into the world’s largest, high-grade, green copper mine,” said Mr. Friedland.
“Our first public-private partnership with SNEL – the upgrading of the Mwadingusha hydropower plant – has gone very well and we are pleased that facility will provide clean hydro-generated electricity to local communities as well as to Kamoa-Kakula for Phase 1 and Phase 2 production. The supply of reliable hydropower is critical to Kamoa-Kakula achieving its goal of becoming the world's “greenest” copper mine and be among the world's lowest greenhouse gas emitters per unit of copper produced.
“The signing of the MOU with SNEL for the upgrade of turbine 5 at Inga II is an expedient, cost-effective way to deliver clean, reliable and renewable electricity to Kamoa-Kakula for the project’s planned expansions and the project’s own smelter. Our preference always has been to work with SNEL to upgrade existing hydro facilities, providing a shared benefit for as many people as possible.
“We are fortunate to be operating in the DRC, which is blessed with incredible hydropower potential. Hydropower, being clean, reliable and sustainable, is the best energy solution to support our long-term development priorities as we continue to look for ways to reduce our impact on the environment, provide meaningful and long-lasting benefits to the communities in which we operate, and produce the copper the world urgently requires.”
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%).
Kamoa-Kakula’s initial 3.8-Mtpa concentrator plant, energized with hydropower.
Aerial view of the upgraded 78-MW Mwadingusha hydropower facility.
The map on the next page shows the Inga andMwadingusha hydropower complexes, theInga high-voltage power line, the Kamoa-Kakula Project, the new 220-kV power line connecting Kamoa-Kakula to the national grid at Kolwezi, and the Benguela railway connecting the DRC to the Angolan port of Lobito.
Kamoa-Kakula’s main 220-kV substation energized with clean, renewable hydropower
In December 2020, the 35-kilometre-long double circuit 220-kilovolt (kV) power line to Kamoa-Kakula was connected to the national electrical grid, providing access to theInga-Kolwezi high-voltage direct current power line, through the New Western Dispatch substation in Kolwezi. Kamoa-Kakula’s main 220-kV substation was energized with grid power on March 25, 2021.
Kamoa-Kakula’s main 220-kV substation, now fully energizedwith clean, renewable hydropower.
The 220-kV power line connecting Kamoa-Kakula to the national electrical grid.
On March 25, 2021, senior management from Kamoa Copper, French contracting company Cegelec, and the DRC state-owned power company SNEL, celebrated the energizing of Kamoa-Kakula’s main substation.
Upgrading of the 78-MW Mwadingusha hydropower plant nearing completion; new fly-over video showcases latest advancements
Upgrading of the six new turbines at the Mwadingusha hydropower plant, the first public-private partnership between Ivanhoe Mines Energy DRC and SNEL, is nearing completion and is expected to soon deliver approximately 78 MW of electricity to the national electrical grid, to provide power for Kamoa-Kakula’s initial two phases of production to 7.6 million tonnes per annum (Mtpa).
Three of the six new turbines at the Mwadingusha hydropower plant now have been synchronized to the national electrical grid, with each generating unit producing approximately 13 MW of electricity. The completion and commissioning of the hydropower plant’s remaining generating units, in sequence, is in progress.
Watch a short fly-over video of the upgrading of the hydropower plant and associated infrastructure: https://vimeo.com/541351071
Supervision of the upgrading work at Mwadingusha is being conducted by Stucky Ltd. of Renens, Switzerland. The advance payments made by Ivanhoe Mines Energy DRC to fund the upgrading work will be recovered by Kamoa-Kakula through a retention of a percentage on monthly electricity consumption bills.
The Mwadingusha hydro dam, upstream from the hydropower building.
The hydropower building at Mwadingusha and the green penstocks that funnel water from the dam to drive the six new turbines.
Inside the Mwadingusha hydropower building, with three generating units (1, 2 & 3 in the background) fully assembled and operating. Assembly of units 4 & 6 is nearing completion, and casting for unit 5 (in the foreground) is underway.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC.
Kamoa-Kakula is expected to soon begin producing copper and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world’s lowest greenhouse gas emitters per unit of metal produced. Ivanhoe also is exploring for new copper discoveries on its wholly-owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.
Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034
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, the timing and results of: (i) statements regarding the upgraded turbine 5 is expected to produce 162 MW of clean, renewable hydropower, providing the Kamoa-Kakula Copper Mine with sufficient, sustainable electricity for future expansions, including its own copper smelter; (ii) statements regarding the plan to appoint Voith Hydro of Germany as lead contractor for the upgrading of the turbine; and (iii) statements regarding upgrading of the Mwadingusha hydropower plant will generate approximately 78 MW of hydropower for the first two phases of production at Kamoa-Kakula; (iv) statements regarding the new power-supply agreement is an important step forward on our sustainability journey as it will provide Kamoa-Kakula with priority access to a combined 240 megawatts of clean, renewable electricity from the upgraded turbines at Mwadingusha and Inga II hydropower plants; (v) statements regarding initial indications are that the upgrading of turbine 5 at Inga II can be accomplished at a significantly reduced cost per megawatt generated compared to the upgrading of the Mwadingusha plant; and (vi) statements regarding given the Kamoa-Kakula project’s massive Indicated Resources of approximately 1.4 billion tonnes grading 2.7% copper, at a 1% cut-off, and the outstanding potential to find more high-grade copper, the new partnership with SNEL on Inga II gives us a clear line of sight to realizing our vision of building Kamoa-Kakula into the world’s largest, high-grade, green copper mine.
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 2020 Q4 MD&A and its current annual information form.
刚果民主共和国金沙萨—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) 今天欣然宣布，艾芬豪矿业刚果(金)能源公司(Ivanhoe Mines Energy DRC) 与刚果民主共和国(以下简称“刚果(金)”) 国有电力公司La Société Nationale d'Electricité (以下简称“SNEL”) 签署了一项合作谅解备忘录(以下简称“谅解备忘录”)，在位于刚果河上现有的英加二期水电项目进行一台主要涡轮机组(5号涡轮机)的升级工程。艾芬豪矿业刚果(金) 能源公司为卡莫阿铜业(Kamoa Copper SA) 的姊妹公司，专门负责为卡莫阿-卡库拉(Kamoa-Kakula) 铜矿提供可靠的清洁、可再生水电。
刚果民主共和国总统费利克斯·齐塞克迪(Félix Tshisekedi) 阁下表示，该合作项目的意义重大，英加二期水电站的八台涡轮机组中的一台进行升级后，将会生产清洁、可再生的电力，以支持卡莫阿-卡库拉的扩建计划，并为当地社区提供可靠的电力﹕“刚果民主共和国拥有非凡的水电发展潜能。水电是清洁、可靠和可再生的能源，毫无疑问是最适合支持我国长期重点开发项目的能源类型。”
SNEL与艾芬豪矿业刚果(金)能源公司计划委托领先的工程集团德国海登海姆的福伊特水电 (Voith Hydro)为承包商，带领一众设备制造商进行涡轮机的升级工程。福伊特于过去80多年来，成功在非洲大陆建设和翻新多个水电站，目前为非洲提供约25%的涡轮机装机容量。福伊特还成功地修复了毗邻英加一期水电站的两台涡轮发电机，该项目由世界银行提供资金。
位于刚果河上的英加一期 (后)和英加二期 (前)水电站的鸟瞰图。红圈位置为英加一期5号涡轮机的压力管道。
弗里兰德先生说﹕“目前为止，卡莫阿-卡库拉项目能否全面发挥潜力仍取决于充足的电力供应。项目拥有大规模控制资源量约14亿吨，铜品位2.7% (以1 %边界品位估算)，且具有巨大潜力发现更多高品位的铜资源。这次与SNEL在英加二期上建立的新合作伙伴关系，使我们的项目有了更明确的进展，帮助我们达成目标，将卡莫阿-卡库拉建造成全球最大型的高品位绿色铜矿山。”
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(金) 政府(占股20%) 的合资项目。
2020年12月，卡莫阿-卡库拉连接的一条35公里长的220千伏双回路输电线，经科卢韦齐的西部调度(Western Dispatch) 变电站并入国家电网，为英加-科卢韦齐高压直流线路供电。卡莫阿-卡库拉的220千伏主变电站于2021年3月25日起从国家电网获得电力供应。
Mwadingusha水电站的升级工程由瑞士雷恩的Stucky Ltd.负责进行监督。艾芬豪矿业刚果 (金) 能源公司已为升级工程提供预付款，卡莫阿-卡库拉将从每月电费中扣除一定的百分比，以平衡预付款。
Mwadingusha水电站内，三台发电机组 (背景中的1号、2号和3号) 已完成组装并开始运行。 4号和6号的组装工作即将完成，而5号 (前) 的生产安装正在进行中。
艾芬豪矿业是一家加拿大的矿业公司，目前正推进旗下位于南部非洲的三大合资企业项目：位于刚果(金) 的卡莫阿-卡库拉铜矿和位于南非的普拉特瑞夫 (Platreef) 钯-铂-镍-铜-铑-金矿的大型机械化地下矿山开发工程；以及同样位于刚果(金)、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-卡库拉铜矿项目预计即将实现铜生产，并分阶段进行扩建，预计将会成为全球最大规模的铜生产商之一。卡莫阿-卡库拉和基普什将使用清洁、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。同时，艾芬豪正在刚果(金)境内其全资拥有的、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
该等陈述包括但不限于下列事项的时间点和结果﹕(i) 关于5号涡轮机升级后，将产生162兆瓦的清洁、可再生水电，为卡莫阿-卡库拉铜矿项目及冶炼厂提供足够的长期电力以配合日后扩建计划的陈述；(ii) 关于计划委托德国福伊特水电为涡轮机升级工程承包商的陈述；(iii) 关于Mwadingusha水电站升级后，将为卡莫阿-卡库拉I期和II期生产提供约78兆瓦水电能源的陈述；(iv) 关于新的供电协议为可持续发展迈进了重要的一步，Mwadingusha和Inga II期水电站的涡轮机升级后，将会优先为卡莫阿-卡库拉提供合共240兆瓦的清洁、可再生电力的陈述；(v) 关于初步估计，Inga II期5号涡轮机升级工程的每兆瓦发电成本将远低于Mwadingusha水电站升级工程的陈述；以及(vi) 关于卡莫阿-卡库拉项目拥有大量控制资源量约14亿吨，铜品位2.7% (以1 %边界品位计算)，且具有巨大潜力发现更多高品位的铜资源，这次与SNEL在Inga II期上建立的新合作伙伴关系，使项目有了更明确的进展，帮助我们达成目标，将卡莫阿-卡库拉建造成全球最大型的高品位绿色铜矿山的陈述。