Non-binding term sheet signed with Orion Mine Finance for US$300 million streaming facility Societe Generale and Nedbank appointed as mandated lead arrangers for a senior project debt facility of up to US$120 million Detailed engineering underway on mine design, 770-ktpa concentrator and associated infrastructure for Platreef's phased development plan, which is expected to be incorporated into an updated feasibility study [...]
Ivanhoe now holds 175 kilometres of strike in the highly-prospective Western Foreland district that hosts the prolific Kamoa and Kakula copper deposits, the first discoveries within this previously unrecognized region of the Central African Copperbelt New assay results confirm strike extension of Kamoa North high-grade copper trend for at least 800 metres on Ivanhoe's 100%-owned Kiala Discovery, including copper grades up [...]
Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines , today extend their congratulations to Felix Tshisekedi, President of the Democratic Republic of Congo, on his appointment as the new Chairperson of the African Union for 2021. President Tshisekedi takes over the position from Cyril Matamela Ramaphosa, President of the Republic of South Africa, who has concluded his one-year term as Chairperson. The [...]
Pre-production ore stockpiles now hold 1.82 million tonnes grading 4.23% copper, containing more than 76,000 tonnes of copper Fresh underground mining record achieved with 2,869 metres completed in January; more than 32.7 kilometres now complete - 11.6 kilometres ahead of plan Overall progress of Kamoa-Kakula's first phase, 3.8-Mtpa mining and milling operation now approximately 71% complete; first copper concentrate [...]
Pre-production ore stockpiles now hold 1.52 million tonnes grading 4.03% copper, containing more than 61,000 tonnes of copper Record underground development of 2,792 metres completed in December; more than 29.8 kilometres now complete - 10.5 kilometres ahead of plan Remarkable thickness of the high-grade copper ore in the centre of the Kakula Mine has allowed the expansion of development drifts in this area to 10 metres [...]
Ivanhoe Mines announced today that the company has filed a new National Instrument 43-101 technical report covering the Platreef Integrated Development Plan 2020 . The updated NI 43-101 technical report includes an independent feasibility study for the development of the Platreef Project as a 4.4-million-tonne-per- annum underground mine with two new concentrators built in modules of 2.2 Mtpa; together with a preliminary [...]
Ivanhoe Mines is pleased to announce the high-resolution site tour video, showcasing the talented team that is developing the world-scale Platreef palladium, platinum, rhodium, nickel, copper and gold project in South Africa. The link to the high-resolution version of the Platreef site tour video is: https://bit.ly/33C8sx2. "The site tour video allows everyone to meet members of the team that is developing our Platreef [...]
Pre-production ore stockpiles now hold 1.25 million tonnes grading 3.75% copper, containing more than 46,700 tonnes of copper Underground development totalling 2,163 metres completed in November; more than 26.8 kilometres now complete - 9.0 kilometres ahead of plan Access to Kakula's +8% copper ore in the centre of deposit established with the connection of northern and southern main access tunnels in early November In [...]
Ivanhoe Mines is pleased to announce that it will hold its second virtual Investor Day on Thursday, December 3, 2020, to discuss the findings of the recently-announced independent engineering studies, including the accelerated phased development plan, for the world-scale Platreef palladium, platinum, rhodium, nickel, copper and gold project in South Africa. The Investor Day will include a virtual site tour of the Platreef [...]
The credit facilities will be used to accelerate Kamoa-Kakula's Phase 2 expansion to 7.6 million tonnes per annum to Q3 2022, significantly ahead of schedule Kamoa-Kakula's outstanding economics are combined with first-class sustainability and social initiatives in keeping with the project's goal of producing the world's "greenest copper" Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced today that [...]
FS evaluates a 4.4-million-tonne-per-annum underground mine with annual production of more than 500,000 ounces of palladium, platinum, rhodium and gold; plus more than 35 million pounds of nickel and copper, becoming a world-scale producer of critical "green metals" Weighted price of the 'basket' of the four precious metals contained in Platreef's ore more than $2,100 an ounce FS yields an after-tax NPV8% of US$1.8 [...]
Kakula's high-grade core now open for immediate development, where the average grade is projected to exceed 8% copper Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng "Miles" Sun today announced a major milestone in the development of the tier one Kamoa-Kakula Copper Project in the Democratic Republic of Congo , with the initial joining of the main northern and southern access tunnels at the Kakula Copper Mine ─ the [...]
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