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MarketBeat
Tue, April 7, 2026 astatine 8:03 AM CDT 7 min read
Ivanhoe Mines (TSE:IVN) executives utilized a Tuesday webinar to outline a caller mineral reserve and mineral assets update for the Kamoa-Kakula Copper Mine, including redesigned excavation plans pursuing a May 2025 seismic event, revised near-term accumulation and currency outgo guidance, and operational milestones tied to the company’s smelter, concentrators, and powerfulness strategy.
Founder and Co-Executive Chairman Robert Friedland said the company’s extremity was “putting a level underneath each expectations for the Kamoa-Kakula Copper Mine,” describing the update arsenic a “solid blimpish appraisal” of redevelopment plans intended to reconstruct Kamoa-Kakula’s “Tier-One” presumption and high-grade illustration implicit the coming years.
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Friedland besides highlighted the company’s powerfulness strategy, pointing to a star tract intended to make “60 MW of uninterruptible powerfulness backed by batteries 24 hours a day,” with plans for further star installations. He characterized the inaugural arsenic portion of “hardening Kamoa-Kakula against disruption from the Middle East,” including concerns astir higher diesel prices and availability.
President and CEO Marna Cloete said the institution has invested much than $7 cardinal successful superior astatine Kamoa-Kakula and generated a akin level of EBITDA implicit the past 5 years since 2021, producing 1.7 cardinal tonnes of copper successful the archetypal 5 years of operation. She added that 90% of employees are Congolese and noted the cognition includes “Africa’s largest and greenest copper smelter.”
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Cloete walked done a timeline pursuing the May 18, 2025 seismic event, including the June 7 re-entry to restart underground operations connected the occidental broadside of the excavation and the July 2025 assignment of AMC arsenic advisor connected the method report. She besides cited cardinal steps specified arsenic commissioning 4 650 liters-per-second pumps for Stage Two dewatering successful September 2025, receiving preliminary geotechnical findings successful October and November, and commissioning and ramping up the smelter successful November and December.
She said the updated excavation plan and exclusion portion reduced mineral reserves, requiring updated 2026 and 2027 accumulation guidance and currency costs, portion superior guidance remains unchanged. Cloete emphasized that the enactment is intended to make a “launchpad” to restart accumulation “in excess of 500,000 tons from 2028 onwards.”
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