Ivanhoe's copper JV in DRC signs 10-year processing deal with nearby smelter
2021-06-03 14:52:03 [Print]
Canada-based Ivanhoe Mines said on June 2nd its copper mining joint venture in the Democratic Republic of Congo, which started production last week, had signed a 10-year deal to process some of its copper concentrate from Kamoa-Kakula mine at a nearby smelter.
The Lualaba smelter, majority-owned by China Nonferrous Mining Corp Ltd., will treat up to 150,000 wet metric tonnes of concentrate a year from the Kamoa-Kakula mine. The 400,000 tonnes per year capacity smelter will produce blister copper ingots containing around 99% copper.
Ivanhoe expects Kamoa-Kakula to be the world's highest-grade major copper mine. Production at the mine started ahead of schedule on May 26, and Ivanhoe expects output of 80,000 to 95,000 tonnes of copper in concentrate this year and peak annual output of over 800,000 tonnes after several phases of expansion.
The Lualaba smelter, majority-owned by China Nonferrous Mining Corp Ltd., will treat up to 150,000 wet metric tonnes of concentrate a year from the Kamoa-Kakula mine. The 400,000 tonnes per year capacity smelter will produce blister copper ingots containing around 99% copper.
Ivanhoe expects Kamoa-Kakula to be the world's highest-grade major copper mine. Production at the mine started ahead of schedule on May 26, and Ivanhoe expects output of 80,000 to 95,000 tonnes of copper in concentrate this year and peak annual output of over 800,000 tonnes after several phases of expansion.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' suspension number statistics by province by month
Unit: pcs
