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The Kamoa-Kakula Copper Complex, located in the Central African Copperbelt, is the world’s fastest-growing, highest-grade, and lowest-carbon emitting, major copper mine. Kamoa-Kakula commenced commercial production on July 1, 2021 and with the addition of the Phase 3 concentrator, which achieved commercial production in August 2024, the total copper production capacity is projected to surpass 600,000 tonnes per annum, establishing Kamoa-Kakula as one of the world's largest copper mines.
Record annual revenue recognized in 2024
Targeted annual copper production of copper in 2026
Tonnes of copper produced in 2024
Kamoa-Kakula's 2025 copper production guidance
Contained Copper - Probable Mineral Reserve
Kamoa-Kakula 2024 cash cost per lb. copper
The Kamoa-Kakula Copper Mine — 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%) — is a very large, near-surface, flat-lying, stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometres west of the town of Kolwezi and about 270 kilometres west of the provincial capital of Lubumbashi.
Kamoa-Kakula began producing copper concentrates in May 2021 and began commercial production on July 1, 2021. On June 10, 2024 first concentrate production from the Phase 3 concentrator was achieved, months ahead of schedule. The Phase 3 concentrator expansion reached commercial production early in Q3, 2024 and is expected to boost production to over 600,000 tonnes of copper per annum in 2026, positioning Kamoa-Kakula as the largest copper mine on the African continent.
The new on-site 500,000-tonne-per-annum direct-to-blister copper smelter will have a capacity of 500,000 tonnes of >99%-pure blister-anode copper per annum making it the largest on the African continent and will offer transformative financial benefits for the Kamoa-Kakula Copper Complex, most notably a significant reduction in logistics costs.
Kamoa-Kakula is powered by clean, renewable hydro-generated electricity. Independent consultants Skarn Associates of London, England, estimate that the Kamoa-Kakula Copper Complex has among the lowest greenhouse gas (GHG) emissions intensities per tonne of metal produced globally, and the lowest of any major copper mine.
Phase 3 Concentrator
Kamoa-Kakula’s Phase 3 concentrator expansion completed ahead of schedule in May 2024, with first concentrate reported on June 10, 2024. Phase 3 will boost annualized production to approximately 600,000 tonnes copper.
2023 Pre Feasibility Study assess an increase in production capacity
Kamoa-Kakula's 2023 PFS evaluates a staged increase in production capacity Kamoa-Kakula from the current nominal throughput rate of 7.6 Mtpa up to a total of 19.2 Mtpa by 2030.
Mine life extension to 42 years
The Kamoa-Kakula 2023 preliminary economic assessment (PEA) projects a nine-year mine life extension of the Kamoa-Kakula Copper Complex, in addition to the Kamoa-Kakula 2023 pre-feasibility study of 33 years. This case includes the addition of four new underground mines in the Kamoa area (called Kamoa 3, 4, 5 and 6) to maintain the overall production rate of up to 19.2 Mtpa.
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