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Ivanhoe Mines updates Kamoa-Kakula copper project with 1.3B tonnes resource, targets 500K+ tonnes annual copper from 2028.

Market News
31 Mar 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Ivanhoe Mines released an updated technical report for its Kamoa-Kakula Copper Complex, confirming a world-class indicated mineral resource of 1.3 billion tonnes at 2.65% copper grade and a mineral reserve of 0.5 billion tonnes at 2.82% copper. The mine plan now targets ramping up production to over 500,000 tonnes of copper annually from 2028, supporting a multi-decade mine life. Production guidance for 2026 and 2027 has been revised downward due to increased development focus and conservative mine design, with expected copper anode output of 290,000-330,000 tonnes in 2026 and 380,000-420,000 tonnes in 2027. A feasibility study is underway to optimize the mine plan for the first five years, and new executive appointments aim to strengthen technical and financial leadership.

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