Make Kitco Your Homepage

Kakula-Kamoa to be largest copper mine in Africa, third-largest globally

Kitco News

Ivanhoe Mines reported yesterday that its phase 3 expansion should hit 600,000 tonnes per year by the fourth quarter of 2024. 

The company detailed its expansion plans at Goldman Sachs Copper Day. Once the company hits phase 3, Kakula-Kamoa will be the largest copper mine in Africa and the third-largest globally after Escondida and Grasberg, according to a note by BMO Metals. 

"Kamoa-Kakula's Phase 3 will consist of two new underground mines known as Kamoa 1 and Kamoa 2, as well as the initial decline development at Kakula West. A new, 5 million-tonne-per-annum concentrator plant will be established adjacent to the two new mines at Kamoa," wrote Ivanhoe in a news release. 

"Upon commencement of Phase 3 production, Kamoa Copper will have a total processing capacity of greater than 14 million tonnes per annum. The existing Phase 1 and 2 concentrators will be de-bottlenecked and operating at a combined throughput of 9.2 million tonnes of ore per year by the second quarter of 2023, which is expected to increase Kamoa-Kakula’s annual copper production to more than 450,000 tonnes. The associated power and surface infrastructure are being designed to support Phase 3, as well as future expansions."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.