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Ivanhoe Mines records record zinc production in Congo's Kipushi Mine

Ivanhoe Mines reported that its flagship Kamoa, Kakula, and Kipushi Mines in the Democratic Republic of Congo produced 71 226 metric tonnes of copper, and a record-breaking 57 200 tons of zinc, in the third quarter.

Vancouver-based miner, Vancouver Copper Mines Ltd., said that it was on track to achieve its full-year production target of between 370,000 and 420,000 tons as mining moves to higher-grade areas in Kakula’s western section.

The company reported that the zinc production at Kipushi increased 37% in the last quarter, largely due to a program designed to eliminate processing bottlenecks. This has helped the mine become one of the top producers around the world.

ADDRESSING CHALLENGES AT KAKULA

Ivanhoe suffered significant production setbacks in the first half of this year as a result of seismic activity at Kakula Mine, which disrupted underground operations. Copper grades also dropped.

Since then, the company has increased its efforts to overcome these challenges. It secured $500 million from Qatar’s sovereign wealth fund in order to expand operations and position Kamoa Kakula as one of the top global copper producers.

Reports in September indicated that the company is in constant contact with sovereign wealth funds to discuss potential investments in order to boost production of critical minerals such as copper.

Ivanhoe has confirmed that Africa's biggest copper smelter will be operating in November. The facility is powered by an uninterruptible 60 megawatt power supply, and a 60 MW diesel backup.

The smelter is expected to process all the concentrate from Kamoa Kakula's concentrators, and produce 700,000 tonnes of sulphuric acids annually. Sulphuric Acid is a critical reagent for the copperbelt.

Ivanhoe has maintained its guidance for zinc production at Kipushi in 2025, which is between 180,000 and 240,000 tonnes. Reporting by Yassin Kobi. Maxwell Akalaare Adombila wrote the article. (Editing by Pratima Deai and Mark Potter).

(source: Reuters)