Ivanhoe’s Congo mine productivity peerless among copper giants test 2

With large-scale deposits hard to find (and even harder to bring into production on time and within budget) much has been made of the sheer size of Kamoa-Kakula, Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) project on the central Africa copper belt straddling the DRC and Zambia.

A recent note by BMO Capital Markets compares Kamoa-Kakula to the world’s 10 largest copper mines based on 2019 production numbers to offer a perspective on the potential of legendary mining financier Robert Friedland’s latest project.

Phase one of three, Kakula, could be up and running in less than a year and according to the definitive feasibility study, (DFS) will average 284,000 tonnes of copper per year for the first 10 years, processing 6.2% copper ore at a pedestrian pace of only six million tonnes per annum.

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