Ivanhoe Mines provides 2022 production results and 2023 production guidance for the Kamoa-Kakula Mining Complex.

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Algemeen advies 10/01/2023 15:47
Kamoa-Kakula produced approximately 333,500 tonnes of
copper in 2022, achieving the upper end of its guidance range
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Year-over-year copper production increased by 215%
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Kamoa-Kakula sets 2023 production guidance at between
390,000 and 430,000 tonnes of copper in concentrate
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Debottlenecking program over 90% complete; soon increasing
the rate of annualized production to 450,000 tonnes of copper
in concentrate
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Kamoa-Kakula 2023 Integrated Development Plan will be
issued during the week of January 30, 2023; and will include
cash cost and capital expenditure guidance
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Kamoa Copper’s outstanding growth profile is aligned with
first-class sustainability and social initiatives, as well as the
goal of producing the world’s ‘greenest copper’
RIYADH, SAUDI ARABIA – Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF) Executive
Co-Chair Robert Friedland and President Marna Cloete announced today, ahead
of the 2023 Future Minerals Forum at the King Abdulaziz International Conference
Centre in Riyadh, Saudi Arabia, that the Kamoa-Kakula Mining Complex in the
Democratic Republic of Congo (DRC) produced 333,497 tonnes of copper in
concentrate in 2022, achieving the upper-end of the original 2022 production
guidance range of 290,000 to 340,000 tonnes. Kamoa-Kakula’s 2022 production
achievement represents a year-over-year increase of 215%.
The 2023 annual production guidance for Kamoa-Kakula is estimated at between
390,000 to 430,000 tonnes of copper in concentrate, following the anticipated
completion of the debottlenecking program early in the second quarter of 2023.
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Mr. Friedland commented: “Kamoa-Kakula has firmly established a track record
of excellence during the development of Phase 1 and Phase 2 operations, which
has led to an industry-leading growth profile in terms of copper production that
will continue as we bring Phase 3 online. Kamoa-Kakula also stands out among
its peers as one of the few mining operations worldwide to strongly deliver on its
original 2022 production guidance, which is a further testament to the team of
engineers and contractors who commissioned the Phase 2 concentrator several
months ahead of schedule.”
“With the Phase 3 expansion well on track, including the integration of Africa's
largest single-line blister-copper flash smelter, Kamoa-Kakula is poised to
become one of the world's leading producers of vital copper metal for global
markets ... a producer that will have one of the lowest, if not the lowest, carbon
footprints in the industry. Ivanhoe Mines looks forward to a long, prosperous
partnership with the Democratic Republic of Congo government, the Congolese
people, our joint-venture partners, and the international investors that have been
integral in making these exceptional achievements possible.”
Watch the video showcasing Kamoa-Kakula’s 2022 operational
highlights: https://vimeo.com/787287927/780de2f2b9
2023 Production Guidance for the Kamoa-Kakula Mining Complex
Kamoa-Kakula’s 2023 production guidance is based on several assumptions and
estimates as of December 31, 2022, including among other things, assumptions
about the timing for the completion of the debottlenecking program. Guidance
involves estimates of known and unknown risks, uncertainties and other factors
that may cause the actual results to differ materially.
Kamoa-Kakula 2023 Guidance
Contained copper in concentrate (tonnes) 390,000 - 430,000
All figures are on a 100%-project basis and metal reported in concentrate is before refining losses or
payability deductions associated with smelter terms.
Kamoa-Kakula produced 333,497 tonnes of copper in 2022, an
increase of 215% compared with 2021
Kamoa-Kakula’s 2022 production guidance was raised from an initial range of
290,000 to 340,000 tonnes, following the successful ramp-up of Kamoa Copper’s
Phase 2 concentrator plant, which was commissioned several months ahead of
schedule and declared commercial production on April 7, 2022.
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During the fourth quarter, Kamoa-Kakula produced 92,761 tonnes of copper.
Kamoa-Kakula also reported 93,288 tonnes of copper floated, which includes the
contained copper still in the circuit that was floated, but has not yet been filtered
to produce a final concentrate. As of December 31, 2022, there was a balance of
approximately 5,670 tonnes of copper in the circuit, which will be filtered into a
final concentrate once the debottlenecking program is complete. For the full year
of 2022, in line with the Kamoa-Kakula’s upper end of guidance, 338,087 tonnes of
contained copper were floated.
The difference between floated and filtered copper arises from the current
bottleneck in concentrate filter capacity, as the Phase 1 and 2 milling and
flotation circuits continue to operate above design capacity. Floated copper is
temporarily stored as a slurry in a fully-lined pond, which will be reclaimed into
the concentrate thickener and filter press once the fourth Larox filter press is
installed as part of the debottlenecking program.
Kamoa Copper’s previously announced debottlenecking program is over 90%
complete and is progressing ahead of schedule. All the major equipment for the
program, including the fourth Larox filter press from Metso Outotec of Espoo,
Finland, has been delivered to the site. The final step of installation will take place
over the next few months, with cold commissioning targeted to take place in April
2023.
The new concentrate thickener nears completion. Once complete, the
Phase 1 and 2 concentrators are expected to reach a combined processing
capacity of 9.2 million tonnes per annum.

see & read more on
https://ivanhoemines.com/site/assets/files/5712/20230109_2022_kamoa_copper_production_and_2023_guidance.pdf



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