Ivanhoe Mines, listed on the Toronto Stock Exchange (TSX), has set an ambitious production target for its flagship Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC), aiming for between 520,000 and 580,000 tonnes of copper in concentrate in 2025. This target builds on the record-breaking success of 2024, where the complex produced 437,061 tonnes, marking a 12% year-on-year increase.
Tag: copper production
Zambia’s Proposed Minerals Law Risks Undermining Copper Investment and Production Goals, Industry Experts Warn
Zambia’s new Minerals Regulation Commission Bill, designed to increase government control over mineral resources, is raising alarms in the mining sector. Industry experts warn that the bill’s provisions, including potential forced state acquisitions, could deter foreign investment and jeopardize the country’s goal of boosting annual copper production to 3 million metric tons. As Zambia strives to position itself as a leading copper producer, the proposed law may inadvertently create new challenges in attracting and retaining essential investments.
Copper 360 Reignites O’Kiep Copper District Amid Global Supply Crisis
Copper 360 has reignited copper mining in South Africa’s historic O’Kiep Copper District after more than 40 years, with the reopening of the Rietberg mine. As global demand for copper surges, this development is poised to bolster both the local economy and the global copper supply, marking a new era for the region and the company.