Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines

Copper mine achieves production record

18 Aug 2022 - by -
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

It’s not just gold mining that is thriving in the Democratic Republic of the Congo. The international scramble for battery minerals is also providing some exciting opportunities for economic development in the country.According to Ivanhoe Mines, owners of the Kamoa copper mine, quarterly production reached 87 314 tonnes in the second quarter of this year, reaching 30 379 tonnes of copper in June alone.This is a new quarterly production record for the mine, while the June performance marks the third consecutive month that the Kamoa-Kakula mining complex has surpassed its throughput design capacity of 7.6 million tonnes per annum.Kamoa Copper milled approximately 1.95 million ore tonnes during the second quarter at an average feed grade of 5.44% copper. Copper recoveries were averaging more than 86% during June this year.Showcasing its commitment to the DRC, Ivanhoe Mines is evaluating additional material handling capacity at Kakula to increase mining rates to feed the de-bottlenecked Phase 1 and 2 processing capacity of 9.2 million tonnes per year, which will be incorporated into the Phase 3 expansion pre-feasibility study scheduled for release in the second half of the year. “Kamoa Copper continues to deliver industry-leading operational performance, with the rapid advancement of Kamoa-Kakula's Phase 1 and Phase 2 concentrator plants, which are now approaching a production rate of 400 000 tonnes of copper per year. We will continue this track record of excellence as we realise the vast potential across the Kamoa-Kakula mining complex, which will be operating in the DRC for generations,” said Ivanhoe Mines founder Robert Friedland.“Kamoa-Kakula is on pace to be the world's third-largest copper mining complex by the end of 2024, with the Phase 3 expansion expected to boost total copper production to approximately 600 000 tonnes per annum. We are already among the ranks of the world's major copper producers – a metal the world vitally requires for conventional energy and industry, as well as the long-term shift to green energy and electrification. We are at an inf lection point for the copper industry. One where we must meet substantial demand growth over the coming decades, even as discovering and building new mines has become more challenging and more complex.“The supply-demand landscape for the copper market remains extremely clear despite any short-term market f luctuations and policy-driven demand destruction. Kamoa-Kakula will be an integral part of the supply solution, but we will need astronomically higher global copper production to solve the ongoing energy crisis and complete the vital transition to green energy.”

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Zambia August 2022

View PDF
Informal regional trade expanding
18 Aug 2022
Airfreight should be flying high
18 Aug 2022
World Bank programme set to increase cross-border trade
18 Aug 2022
Zambian business optimistic about prospects – BoZ
18 Aug 2022
Partnering programme uplifts host communities in DRC
18 Aug 2022
Additional consol service supports growing demand
18 Aug 2022
Focus on ‘non-traditional’ exports
18 Aug 2022
Focus on transport and logistics
18 Aug 2022
Copper mine achieves production record
18 Aug 2022
Strategising for a post-Covid environment
18 Aug 2022
Bank of Zambia explores CBDC route
18 Aug 2022
Mining sector surge and infrastructure development drive increase in logistics
18 Aug 2022
  • More

FeatureClick to view

Botswana 20 June 2025

Border Beat

Police clamp down on cross-border crime
17 Jun 2025
Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
Cross-border payments remain a hurdle – Masondo
30 May 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

New

Seafreight Export Controller (To Be based In-house)

Tiger Recruitment
East Rand
19 Jun
New

Key Account Manager

Lee Botti & Associates
Johannesburg
18 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us