Ivanhoe Mines (TSX: IVN) on Friday contested a declaration by its Chinese companion, Zijin Mining, pertaining to functional problems at their collectively possessed Kakula copper mine in the Autonomous Republic of Congo adhering to current seismic task.
On Tuesday, Ivanhoe introduced a temporary suspension of tasks at the copper complicated yet stated the western area of the mine had actually been proclaimed secure which mining procedures there would certainly return to imminently.
” Journalism launch by Zijin Mining describes ‘… numerous roof-falling and rib-spalling in the eastern area of the [Kakula] mine,’ Ivanhoe stated.
” Ivanhoe Mines does not concur with this declaration.”
Zijin likewise alerted that the mine could miss its yearly manufacturing support. Ivanhoe refuted this insurance claim too, stressing that a complete examination was still underway.
The firm stated its elderly administration, in addition to geotechnical professionals, are carrying out a detailed evaluation of the Kakula below ground mine.
” Outcomes thus far reveal that there is no proof of falling down stopes or architectural columns,” Ivanhoe stated.
In a record released Tuesday, BMO Funding Markets stated that existing details does not show a “worldly influence,” as milling procedures proceed at lowered ability making use of stocked ore. The company included that the explained below ground damages does not show up considerable.
Once the examination wraps up, Ivanhoe stated it will certainly figure out whether the short-lived suspension will certainly influence the yearly manufacturing support for the Kamoa-Kakula Mining Complicated.
An even more comprehensive upgrade is anticipated by Tuesday, May 27, 2025.
Ivanhoe just recently declared its yearly copper manufacturing support of 520,000 to 580,000 tonnes of concentrate. In April, it generated a document 50,176 tonnes at the Kamoa-Kakula complicated.
The joint endeavor possession is divided in between Ivanhoe (39.6%), Zijin Mining (39.6%), Crystal River Global (0.8%), and the DRC federal government (20%).
Shares of Ivanhoe Mines dropped 1.2% on Friday early morning, with the firm’s market capitalization standing at C$ 17.4 billion ($ 12.6 billion).
发布者：Dr.Durant，转转请注明出处：https://robotalks.cn/ivanhoe-disputes-zijins-claims-on-kakula-mine-suspension/
