What's Happening?
Ivanhoe Mines has reported copper production of 71,226 tonnes from its Kamoa-Kakula complex in the Democratic Republic of Congo for the third quarter. The company is advancing dewatering and recovery operations, with the start-up of Africa's largest copper smelter scheduled for early November. The Kamoa-Kakula Phase 1, 2, and 3 concentrators processed 3.46 million tonnes of ore during the quarter. Year-to-date production reached 316,393 tonnes of copper, with full-year guidance remaining unchanged at 370,000 to 420,000 tonnes. Mining of higher-grade areas on the western side of the Kakula mine is expected to begin in mid-November, supporting stronger output in the final quarter.
Why It's Important?
Ivanhoe Mines' copper production at Kamoa-Kakula is significant for the global copper market, as the complex is one of the largest copper producers in Africa. The start-up of the smelter will enhance Ivanhoe's production capabilities and reduce cash costs, contributing to the company's competitiveness. The project supports the global demand for copper, a critical mineral used in various industries, including electronics and renewable energy. Ivanhoe's strategic focus on high-grade areas and efficient recovery operations positions the company for continued growth and profitability.
What's Next?
Ivanhoe Mines plans to begin mining higher-grade areas on the western side of the Kakula mine in mid-November, supporting stronger output in the final quarter. The commissioning of the Kamoa-Kakula smelter is set to begin in early November, with the installation of a 60 MW uninterruptible power supply unit nearing completion. Ivanhoe will release its third-quarter 2025 financial results on October 29, providing further insights into the company's performance and future plans.
