Canadian miner Ivanhoe Mines is readying to tap into the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) amid an improved mineral resource estimate.
The updated “independently verified Indicated Mineral Resource again increases the Kamoa Copper Discovery to 256 million tonnes grading 4.15% copper, at a 3% cut-off,” the company said in a statement, adding that the combined “Kamoa-Kakula Project Indicated Mineral Resource now stands at 423 million tonnes grading 4.68% copper, at a 3% cut-off”.
The copper Project is a joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River Global Limited, and the DRC’s government.
Ivanhoe Mines declares it is focused on advancing the company’s three main projects in Africa: the Kamoa-Kakula copper discoveries in the DRC, the redevelopment and upgrading of the Kipushi zinc-copper-germanium-silver mine in the DRC, as well as the Platreef palladium-platinum-nickel-copper-gold discovery in the Republic of South Africa.