Ivanhoe hits upper end of 2022 guidance, expects higher output this year after debottlenecking. mining miningnews
The expansion of the concentrate storage and dispatch warehouse at Kamoa is nearing completion. Credit: Ivanhoe Mines
Kamoa-Kakula’s 2022 copper production represents the upper end of the company’s original guidance range of 290,000 to 340,000 tonnes. It also represents a 215% increase over 2021 — its first year of commercial production.The lower end of the 2022 production guidance was raised to 325,000 tonnes last year following theof Kamoa Copper’s Phase 2 concentrator plant, which was commissioned several months ahead of schedule and declared commercial production on April 7, 2022.
Friedland said Kamoa-Kakula stands out among its peers as one of the few mining operations worldwide to strongly deliver on its original 2022 production guidance, which he said “is a further testament to the team of engineers and contractors who commissioned the Phase 2 concentrator several months ahead of schedule.”
The debottlenecking program, which would soon increase the rate of annualized production to 450,000 tonnes of copper in concentrate, is at the moment over 90% complete. All major equipment for the program has been delivered to the site, and the final step of installation will take place over the next few months, with cold commissioning targeted for April 2023.
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