Latest news with #Kakula
Reuters
4 days ago
- Business
- Reuters
Ivanhoe plans partial restart for flooded Congo copper mine in late June
JOHANNESBURG, June 2 (Reuters) - Ivanhoe Mines ( opens new tab said on Monday it plans to restart a section of its Kakula copper mine in the Democratic Republic of Congo later this month that was closed due to underground seismic activities. The Canadian miner temporarily stopped operations at the Kakula mine, part of its giant Kamoa-Kakula copper mining complex, after tremors that also damaged infrastructure and caused flooding underground. Ivanhoe plans to resume operations on the western side of the Kakula mine, which is dry and where pumping equipment is working, the company said. The eastern section of the mine will resume operations once the pumping of the water is completed, Ivanhoe said. Ivanhoe shares rose as much as 7.7% in Toronto. The company said it has now been able to stabilize water levels after installing temporary pumping equipment underground. Additional pumping equipment has been ordered to fully remove water from the mine, Ivanhoe said. The Vancouver-based miner initially suspended some mining activities on May 20 after the Kakula mine was hit by frequent underground tremors. Ivanhoe said mining at the adjacent Kamoa mine and processing of ore is not affected. The Congo mines produced about 437,000 metric tons of the metal last year. Ivanhoe last week suspended its output forecast for this year, which had initially been set at between 520,000 and 580,000 metric tons of copper.
Reuters
23-05-2025
- Business
- Reuters
Ivanhoe says it disputes Zijin statement on Congo mine problems
LONDON, May 23 (Reuters) - Ivanhoe Mines ( opens new tab on Friday disputed a statement by its Chinese partner about problems at their co-owned Kakula copper mine in the Democratic Republic of Congo after seismic activity. "The press release by Zijin Mining refers to '..multiple roof-falling and rib-spalling in the eastern section of the [Kakula] mine,' Ivanhoe said. "Ivanhoe Mines does not agree with this statement", it said. "Preliminary indications suggest that seismic activity... resulted in a redistribution of forces underground and caused 'scaling', or rock falls, from the sidewalls of certain mining areas." Ivanhoe had said on Tuesday that some mining operations had been suspended at the Kakula underground mine on Sunday. The Kamoa-Kakula mining complex is Africa's biggest copper producer and one of the world's largest. In Friday's update it added: "The operational teams are currently focused on safely repairing damage caused to the cables and pipework that support the underground pumping infrastructure." Zijin Mining Group Ltd ( opens new tab warned in a statement released earlier on Friday that the problems may have an "adverse impact" on meeting annual production guidance of 520,000 to 580,000 metric tons in 2025 for the Kamoa-Kakula mine complex. The mine produced 437,000 tons last year. Ivanhoe also disputed that, saying it would only be able to know whether production guidance would need to be changed after an investigation was completed.
Bloomberg
20-05-2025
- Business
- Bloomberg
Ivanhoe Pauses Work at Congo Copper Mine After Seismic Activity
Ivanhoe Mines Ltd. paused some operations at its giant copper mine in the Democratic Republic of the Congo after experiencing 'seismic activity.' The Canadian mining company said on Tuesday that it temporarily suspended operations at the Kakula underground mine, part of the Kamoa-Kakula Copper Complex. Seismic activity was seen over the past week in the eastern section of the mine. All employees were safely evacuated, and no injuries were reported, the company said. Operation suspensions started on May 18.
