Ivanhoe begins reopening western Kakula as shares surge
Ivanhoe Mines shares jumped as much as 8.7% after the company said it was working to safely restart mining on the western side of its flooded Kakula copper mine in the DRC.
Ivanhoe Mines shares jumped as much as 8.7% after the company said it was working to safely restart mining on the western side of its flooded Kakula copper mine in the DRC.
Ivanhoe Mines temporarily suspended underground operations at its Kakula copper mine in the DRC after seismic activity, evacuating staff and cutting concentrator throughput.
Ivanhoe Mines began commissioning Kamoa-Kakula's new copper smelter after imported hydroelectric power rose 40% to 70MW, calling it a turning point for the DRC complex.
Eurasian Resources Group's newly appointed chief executive Shukhrat Ibragimov has begun seeking Chinese investment to support the Kazakh miner's copper and cobalt operations in the DRC.
The Democratic Republic of Congo's mining regulator ordered a surprise four-month suspension of cobalt exports on 22 February 2025, aiming to drain a global surplus and lift crashed prices.
Ivanhoe Mines said its Makoko copper deposit in the DRC's Western Forelands has grown by 20% in strike length, with a new high-grade discovery at nearby Kitoko.