Ivanhoe Mines has increased the mineral resource at its Makoko District copper discovery in the DRC by 30%, to roughly 12 million tonnes of contained copper, on the back of an aggressive 2026 drilling campaign.
Ivanhoe Mines expanded its Makoko copper discovery in the DRC by 30% to about 12 million tonnes of contained copper, and plans a scoping study for early 2027.
Ivanhoe Mines' Kipushi mine in the DRC set a new monthly zinc production record in May, putting it on course to become the world's fourth-largest zinc producer this year.
Ivanhoe Mines reached financial close on 30 April 2026 on a $700m senior project finance facility, arranged with Societe Generale, Absa and Nedbank, to fund Phase 2 of its Platreef mine in South Africa's Limpopo province.
Ivanhoe Mines' Kamoa-Kakula smelter produced 63,671 tonnes of copper anode in the first quarter of 2026, about 60% of design capacity, and sent its first shipment to Europe via the Lobito Corridor.
Ivanhoe Mines shocked investors by cutting 2026 guidance at Kamoa-Kakula to 290,000-330,000 tonnes and 2027 guidance to 380,000-420,000 tonnes, citing a more conservative mine plan.
Ivanhoe Mines made its first copper export via the Lobito Corridor, shipping high-purity anodes from its new Kamoa-Kakula smelter to Germany's Aurubis for low-carbon refining.
Ivanhoe Mines' Robert Friedland warned that African copper production faces serious disruption if the Iran conflict persists, given the region's reliance on Middle Eastern sulphur for acid production.
Ivanhoe Mines is in advanced talks to send zinc concentrate from its Kipushi mine to the US under Project Vault, a $12bn strategic minerals stockpiling scheme.
Ivanhoe Mines began copper anode production at its new Kamoa-Kakula smelter in the DRC, a plant it says will be Africa's largest once fully ramped up.
Ivanhoe Mines said 2026 copper output at Kamoa-Kakula would fall short of 2024's record, even as dewatering of the flooded Kakula mine passed the halfway mark.
Ivanhoe Mines officially fired up what it calls Africa's largest and greenest copper smelter at Kamoa-Kakula, with first concentrate feed expected by the end of the year.
Ivanhoe Mines says hydropower delivery from the refurbished Inga II dam to its Kamoa-Kakula copper complex is set to rise from 50MW to 100MW in the first quarter of 2026, under a long-term deal with DRC utility SNEL.
Ivanhoe Mines' third-quarter profit fell to $31m, down two-thirds year-on-year, as seismic-related flooding continued to depress copper output at Kamoa-Kakula.
Ivanhoe Mines reported record quarterly zinc output at Kipushi and copper production in line with guidance at Kamoa-Kakula, as recovery from May's flooding gathered pace.
Ivanhoe Mines closed a $500m strategic private placement with the Qatar Investment Authority on 29 September 2025, giving the sovereign wealth fund roughly 4% of the company behind the Kamoa-Kakula and Kipushi mines.
Ivanhoe Mines began the second stage of dewatering at its flooded Kakula copper mine in the DRC, aiming to cut the underground water level by roughly a metre a day.
Ivanhoe Mines agreed to a $500m investment from Qatar's sovereign wealth fund, which will take a 4% stake as the miner works to overcome flooding at its Kamoa-Kakula copper complex.
Ivanhoe Mines said debottlenecking work at its Kipushi zinc mine in the DRC finished early and under budget, keeping the operation on track for its 2025 production guidance.
Ivanhoe Mines raised its Kamoa-Kakula cash-cost forecast by 12% as it began a second stage of dewatering the flood-hit Kakula mine, with submersible pumps arriving on site.
Ivanhoe Mines cut its annual copper guidance to 370,000-420,000 tonnes after seismic-triggered flooding at Kakula, and abandoned its 2026 target of about 600,000 tonnes.
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 suffered its worst trading day in over a decade after withdrawing its Kamoa-Kakula production guidance, as continuing seismic events forced a renewed shutdown at the Congo mine.
Ivanhoe Mines publicly contradicted joint-venture partner Zijin Mining's description of roof collapses at the Kakula copper mine, saying inspections found no evidence of structural failure.
