LAUSANNE, SWITZERLAND – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chair Robert Friedland is pleased to announce today at the Financial Times Global Commodities Summit, to an audience of international mining and market leaders, the start of hot commissioning of the Phase 2, 3.8-million-tonne-per-annum concentrator plant at the Kamoa-Kakula Mining Complex. In addition, the first filtered copper concentrate production from the Phase 2 plant also has commenced.
First ore was introduced into the Phase 2 milling circuit on March 21, and first copper concentrate has been produced, approximately four months ahead of the original, announced development schedule. The Phase 2 concentrator plant is identical to the Phase 1 plant, with a design throughput of 475 dry tonnes per hour, or 3.8 million tonnes of ore per year. Over the last six months, the Phase 1 plant has consistently exceeded design ore throughput by approximately 10% to 15%.
The Phase 1 concentrator plant reached commercial production in July 2021, approximately two months after the start of hot commissioning, and reached design ore throughput in August 2021.
Mark Farren, Kamoa Copper’s CEO, commented: “We now have successfully built the first two concentrator plants ahead of schedule and on budget. Given the experience gained by our operations team during the ramp up of the Phase 1 plant, we anticipate the ramp up of the Phase 2 plant will go even smoother. In addition, since the Phase 2 plant has started earlier than planned, we now expect to achieve the upper end of our Copper production guidance for 2022, which currently is estimated at between 290,000 tonnes and 340,000 tonnes of copper in concentrate.”
“The entire Kamoa Copper team has done a tremendous job in getting the Phase 2 plant up and running less than 10 months after the Phase 1 plant began operations,” said Mr. Friedland. “The commissioning of the Phase 2 plant is the second important step on the path to establish Kamoa-Kakula as one of the two largest copper mining complexes on our planet … with a mine life that will last for generations. Kamoa-Kakula is by far the greenest and highest-grade major copper producer in the world. As Phase 2 is handed over to our operations team, the projects team now will turn its focus to the Phase 3 expansion, which currently is scheduled to begin operations by the end of 2024.
“Global climate change is real, and we see ourselves as an integral part of the solution by providing the copper the world urgently needs for an all-electric future. Together with our joint venture partners, we are resolved to expedite future expansion phases at Kamoa-Kakula to generate profitable growth and provide long-lasting economic and social benefits for the Congolese people.
“The Ivanhoe Mines management team is motivated to realize the potential to find additional Kamoa-Kakula-like copper discoveries on our Western Foreland exploration licences right next door, in an almost identical geologic setting. Our expansive 2022 drilling campaign, totalling approximately 95,000 metres, will soon commence.”
Watch a new video highlighting the commissioning of Kamoa-Kakula’s Phase 2 concentrator plant: https://vimeo.com/690889673/6de106f6a5
De-bottlenecking program underway to boost processing capacity at the Phase 1 and 2 plants by more than 20%
The de-bottlenecking program that was announced last month is progressing on schedule. The program will see Kamoa-Kakula increase the combined design processing capacity of the Phase 1 and Phase 2 concentrator plants by approximately 21%, to 9.2 million tonnes per annum, up from 7.6 million tonnes per annum.
Engineering design is underway, and procurement of long-lead items has begun. Kamoa Copper expects to be in a position to increase Kamoa-Kakula’s combined processing capacity to 9.2 million tonnes per annum by Q2 2023.
Once completed, the de-bottlenecking program will enable the copper production from Kamoa Copper’s first two phases to exceed 450,000 tonnes per year, positioning Kamoa Copper as the world’s fourth largest copper producer.
The successful execution of Kamoa-Kakula's Phase 1 and 2 construction projects, as well as the ongoing de-bottlenecking program, have been undertaken by the same competent owners' team alongside a combination of tier-one local and international contractors. Without this fantastic teamwork, none of these achievements would have been possible.
Kamoa Copper management would like to especially acknowledge the following partners for their intense efforts in building Phase 1 and Phase 2 in record time, while remaining on budget:
DRA Global Limited of Johannesburg, South Africa; the China ENFI Engineering Corporation of Beijing, China; Kamoa-Kakula Construction Company (Zijin Construction) of Xiamen, China; Lualaba Prospere SA; T3 Projects of Johannesburg, South Africa; CITIC Construction and CITIC Heavy Industries of Beijing, China; and Kongo River of Lubumbashi, Democratic Republic of Congo.
Phase 2 offtake negotiations to be concluded imminently
Negotiations to extend existing offtake arrangements to accommodate Phase 2 copper production are nearing completion, based on competitive arm’s-length commercial terms. The Phase 2 offtake is expected to streamline and improve certain provisions from Phase 1, for the benefit of all parties.
About the Kamoa-Kakula Copper Mining Complex
Kamoa-Kakula is the world’s fastest growing and highest-grade major copper mining complex. Based on independent benchmarking, the project’s phased expansion scenario to 19 million tonnes per annum would position Kamoa-Kakula as the world’s second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.
A 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.
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 Phase 1 and Phase 2 concentrator plants at night.
Kamoa-Kakula’s Phase 1 and Phase 2 concentrator plants, now both operating.
Members of Kamoa Copper’s commissioning team celebrate first ore feed through the Phase 2 ball mills. First ore was introduced into the Phase 2 milling circuit on March 21, 2022.
Members of Kamoa Copper’s logistics and customs team with new Sandvik 21-tonne underground loaders (scooptrams) that will help accelerate underground mine development for the Phase 2 and Phase 3 expansions. (L-R) Ruddy Mutombo, Casper de Jager, Richard Yatha, Marc Kafwata and Kayumba Dyuba Salis.
Kamoa-Kakula's third Larox Filter press arrives at Lumbumbashi airport from Metso Outotec of Espoo, Finland.
Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is the Head of the Kamoa Project. Mr. Amos has verified the technical data disclosed in this news release.
Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company’s website and under the company’s SEDAR profile at www.sedar.com:
- Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.
The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo.
Kamoa-Kakula is the world’s fastest growing major copper mine. Kamoa-Kakula began producing copper concentrates in May 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula is being powered by clean, renewable hydro-generated electricity and is projected to be among the world’s lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the Democratic Republic of Congo, 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 expectations that the commissioning of the Phase 2 concentrator plant will be smoother than the commissioning of the Phase 1 concentrator plant; (ii) statements regarding Kamoa-Kakula’s copper production guidance for 2022, which currently is estimated at between 290,000 tonnes and 340,000 tonnes of copper in concentrate; (iii) statements regarding expectations that the Phase 3 expansion will begin operations in in less than two years’ time; (iv) statements regarding Kamoa Copper expects to be in a position to increase Kamoa-Kakula’s combined processing capacity to 9.2 million tonnes of ore a year by Q2 2023; (v) statements regarding the de-bottlenecking program will enable the copper production from Kamoa Copper’s first two phases to exceed 450,000 tonnes per year by Q2 2023; (vi) statements regarding the Kamoa-Kakula’s phased expansion scenario to 19 million tonnes per annum would position Kamoa-Kakula as the world’s second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes; and (vii) statements regarding Kamoa-Kakula will be among the world's lowest greenhouse gas emitters per unit of copper produced; (viii) statements regarding Phase 2 offtake negotiations.
As well, all of the results of the Kakula definitive feasibility study, the Kakula-Kansoko pre-feasibility study and the Kamoa-Kakula preliminary economic assessment, constitute forward-looking statements or information, and include future estimates of internal rates of return, net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased development of the projects. Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula Project, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) the ability to raise sufficient capital to develop such projects; (xvi) changes in project scope or design; and (xvii) political factors.
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 2021 Q4 and Year-End MD&A and its current annual information form.
艾芬豪礦業 (TSX: IVN; OTCQX: IVPAF) 聯席董事長羅伯特·弗里蘭德 (Robert Friedland) 與孫玉峰 (Miles Sun) 欣然宣布，卡莫阿-卡庫拉 (Kamoa-Kakula) 銅礦II期年處理礦石380萬噸的選廠已啟動帶料試車， II期選廠已開始生產首批銅精礦。
卡莫阿銅業首席執行官馬克·法倫 (Mark Farren) 表示﹕"我們已成功在預算內超計劃提前完成I期和II期的建設工程。礦山團隊汲取I期選廠產量爬坡的寶貴經驗，預計II期選廠的產量爬坡將更加順利。此外，由于II期選廠比原計劃提前投產，我們預計項目產量將達到2022年銅生產指導目標的上限，當前的指導目標為年產精礦含銅金屬290,000至340,000噸?！?/strong>
“同時，艾芬豪礦業的管理團隊正積極地開展毗鄰的西部前沿 (Western Foreland) 勘查工作，在近乎相同的地質環境中尋找類似卡莫阿-卡庫拉的新銅礦資源。2022年的大規模鉆探即將開展，設計鉆探總進尺約 95,000米?！?
卡莫阿銅業管理層特別感謝合作伙伴的卓越貢獻，在預算內創紀錄的提前完成了 I 期和 II 期建設。這些優秀的合作伙伴包括：
中國恩菲工程公司、金誠信礦業管理股份有限公司、紫金礦業建設有限公司、中信建設有限公司、中信重工機械股份有限公司、中鐵九局集團有限公司、南非約翰內斯堡的DRA Global Limited、南非T3 Projects等等。
卡莫阿-卡庫拉銅礦項目是艾芬豪礦業 (占股39.6%)、紫金礦業集團 (占股39.6%)、晶河全球 (占股0.8%) 及剛果民主共和國政府 (占股20%) 的合資項目。
本新聞稿中關于卡莫阿-卡庫拉項目開發方案的科學或技術性披露已經由史蒂夫·阿莫斯 (Steve Amos) 審查和批準，他憑借其教育、經驗和專業協會會籍被認為是NI 43-101 標準下的合資格人。由于阿莫斯先生是卡莫阿銅業的項目負責人，因此他并不符合NI 43-101 對獨立人士的界定。阿莫斯先生已核實本新聞稿所披露的技術數據。
艾芬豪已經為卡莫阿-卡庫拉項目編制了一份符合NI 43-101 標準的獨立技術報告，該報告可在艾芬豪網站以及SEDAR 網站上的艾芬豪頁面獲得，網址為www.sedar.com﹕
- 2020年10月13日發布的2020年卡莫阿-卡庫拉綜合開發方案，由OreWin Pty Ltd.、中國瑞林工程技術有限公司、DRA Global、Epoch Resources、Golder Associates Africa、KGHM Cuprum R&D Centre Ltd.、Outotec Oyj、Paterson and Cooke、Stantec Consulting International LLC、SRK Consulting Inc.以及Wood plc編制。
艾芬豪礦業是一家加拿大的礦業公司，正在推進旗下位于南部非洲的三大主要項目：位于剛果民主共和國的卡莫阿-卡庫拉銅礦和位于南非的普拉特瑞夫 (Platreef) 鈀-銠-鉑-鎳-銅-金礦的大型機械化地下礦山開發工程；以及同樣位于剛果民主共和國、久負盛名的基普什 (Kipushi) 鋅-銅-鍺-銀礦的大型重建和改善工程。
投資者﹕比爾·特倫曼 (Bill Trenaman)，電話﹕+1.604.331.9834 / 媒體﹕馬修·基維爾 (Matthew Keevil)，電話﹕ +1.604.558.1034
本新聞稿載有的某些陳述可能構成適用證券法所訂議的"前瞻性陳述"或"前瞻性信息"。這些陳述及信息涉及已知和未知的風險、不確定性和其他因素，可能導致本公司的實際業績、表現或成就、其項目或行業的業績，與前瞻性陳述或信息所表達或暗示的任何未來業績、表現或成就產生重大差異。這些陳述可通過文中使用"可能"、"將會"、"會"、"將要"、"打算"、"預期"、"相信"、"計劃"、"預計"、"估計"、 "安排" 、"預測"、"預言"及其他類似用語，或者聲明"可能"、"會"、"將會"、"可能會"或"將要"采取、發生或實現某些行動、事件或結果進行識別。這些陳述僅反映本公司于本新聞稿發布當日對于未來事件、表現和業績的當前預期。
該等陳述包括但不限于下列事項的時間點和結果﹕ (i) 關于預計II期選廠的投產相比I期選廠的投產更為順利的陳述；(ii) 關于卡莫阿-卡庫拉銅礦2022年生產精礦含銅金屬的指導目標為290,000噸至340,000噸的陳述；(iii) 關于預計III期擴建將于兩年內實現投產的陳述；(iv) 關于卡莫阿銅業預期，到2023年第二季度，將使卡莫阿-卡庫拉的總礦石處理能力提升至920萬噸/年的陳述；(v) 關于技改方案完成后，預計到2023年第二季度，卡莫阿-卡庫拉I期和II期的年產銅將超過45萬噸的陳述；(vi) 關于分期擴建方案一旦擴大至1,900萬噸/年，卡莫阿-卡庫拉將成為全球第二大銅礦山，最高年產銅80多萬噸的陳述；以及 (vii) 關于卡莫阿-卡庫拉將會成為全球單位銅溫室氣體排放最低的礦山之一的陳述。
此外，卡庫拉銅礦可行性研究、卡庫拉-卡索科預可行性研究以及卡莫阿-卡庫拉項目初步經濟評估的所有結果均構成了前瞻性陳述或信息，并包括內部收益率的未來估算、凈現值，未來產量、現金成本估算、建議開采計劃和方法、估計礦山服務年限、現金流預測、金屬回收率、資本和運營成本估算，以及項目分期開發的規模和時間點。另外，對于與卡莫阿-卡庫拉項目開發有關的特定前瞻性信息，公司是基于某些不確定因素而作出假設和分析。不確定因素包括：(i) 基礎設施的充足性；(ii) 地質特征；(iii) 礦化的選冶特征；(iv) 發展充足選礦產能的能力；(v) 銅價格；(vi) 完成開發所需的設備和設施的可用性；(vii) 消耗品和采礦及選礦設備的費用；(viii) 不可預見的技術和工程問題；(ix) 事故或破壞或恐怖主義行為；(x) 貨幣波動； (xi) 法例修訂；(xii) 合資企業伙伴對協議條款的遵守情況；(xiii) 熟練勞工的人手和生產率；(xiv) 各政府機構對礦業的監管；(xv) 籌集足夠資金以發展該等項目的能力；(xvi) 項目范圍或設計更變；以及 (xvii) 政治因素。