Excerpt from G & M article...
It has been projected by Wood Mackenzie that US$78T will be required to achieve net-zero emissions by 2050. Essential metals like copper and lithium are taking center stage, with industry experts from Sprott warning of a widening supply gap. Across the sector, advancements are being made in sourcing these critical resources, with active contributions from key explorers and producers such as Ivanhoe Mines Ltd.
Ivanhoe Mines Ltd., a miner primarily focused in Africa exploring and developing platinum, palladium, nickel, copper, gold, rhodium, zinc, etc., recently announced record copper production of 41,800 tones, and a combined monthly milling record of 1.2 million tonnes at its Kamoa-Kakula Copper Complex in the DRC in October. The increased production came as a result of efforts at its Phase 1, 2, and 3 concentrators, which on October 12, 2024 in particular milled a combined 50,253 tonnes of ore to produce a record 1,720 tonnes of copper.
Robert Friedland, Founder and Executive Co-Chairman of Ivanhoe Mines commented...
"In October we reached a remarkable milestone by exceeding the annualized production rate of 500,000 tonnes of copper, placing us among the top-tier of copper producers globally. Our successful three-phase delivery of the world's newest and greenest tier-one copper mining complex was consistently achieved ahead of schedule ... a triple-crown achievement that is a pink unicorn in our industry.
Ivanhoe's growth story is just beginning… we're nearing completion of the engineering for Kamoa-Kakula's Phase 4 expansion and making significant strides across our Western Foreland exploration licenses with 11 drill rigs turning."