RE:RE:RE:RE:How should we view when IVN is flat and copper up 2%? FM is down over 4% but I suspect much of that has to do with Cobra Panama. Why hasn't ZESCO notified Ivanhoe on future electricity deliveries?
"Due to a National Emergency in Zambia, in response to a drought aggravated by El Nio, ZESCO revealed a plan to reduce power supply to the mining sector over the period from May 1, 2024 to December 31, 2024. First Quantum received a force majeure notice from ZESCO to formalize their request for power reductions. This procedural step will allow First Quantum to secure power independently from alternative sources. First Quantum is in the process of finalizing binding offtake agreements with third party traders for power sourced from the Southern African Power Pool for a total of 80 MW currently, which may be expanded if forecasts of power reductions in Zambia change. The Company anticipates that it will be able to substitute the power curtailed by ZESCO with imports, thereby avoiding any major interruptions to its Zambian operations."