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Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

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

Post by Moemoney42on Apr 30, 2024 9:52am
222 Views
Post# 36014534

For the soft bashers here

For the soft bashers here"This was achieved despite grid instability during the quarter that impacted copper production. Our management team has acted swiftly and decisively to resolve this issue, by securing 55 megawatts of imported power from neighboring countries via the Zambian grid, as well as by expanding our on-site backup generation capacity. As a result of this intervention, we have seen a significantly improved start to the second quarter at Kamoa-Kakula."

"With improved power supply and accelerated Phase 3 output, we stand by our annual copper production forecast of between 440,000 to 490,000 tonnes."

Mic Drop..!!!
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