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Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

Metals & Mining Industrial Metals & Minerals
Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Ivanhoe Mines Ltd.
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Post by crow27on Nov 28, 2023 11:26pm
265 Views
Post# 35757833

Copper shortage coming

Copper shortage coming

First Quantum suspends commercial production at Panama

  • Michael McCrae
 

Kitco News

After civil discontent and losing its court case, First Quantum Minerals (TSX: FM) said today it is suspending commercial production at its Cobre Panama mine. 

Today the Panama supreme court ruled against Law 406, which approved a new mining concession contract for First Quantum's Cobre Panama mine, which it received in October. The miner has faced anger and protests. Earlier this month, the company said that a blockade prevented supplies from reaching the mine and was hampering production.

The company said it is applying for a program of Preservation and Safe Maintenance to ensure the compliance and environmental integrity of the site, preservation of the assets, and safe maintenance of the plant and facilities. 

The ruling will impact global copper supply. In 2022 the mine produced 350,438 tonnes of copper ranking the company as a top ten copper miner.


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