Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Investing

Kipushi Zinc Mine Reopens in DRC After 31 Year Production Hiatus

admin by admin
November 26, 2024
in Investing
0
Kipushi Zinc Mine Reopens in DRC After 31 Year Production Hiatus
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) and the Democratic Republic of Congo (DRC) marked a major milestone with the reopening of the Kipushi mine after a 31 year operational hiatus.

An 800,000 metric ton (MT) per year concentrator facility was completed at Kipushi in May, with first concentrate produced in June. The mine’s projected output for the year is between 50,000 and 70,000 MT of zinc in concentrate.

Over the next five years, Ivanhoe expects annual production at Kipushi to average 278,000 MT, driven by a targeted recovery rate target of 96 percent and an average concentrate grade of 55 percent contained zinc.

The reopening of the site is seen bringing economic optimism to the region. The concentrator facility’s construction and operational setup provided jobs and investment, boosting the local economy.

Situated in Haut-Katanga province, Kipushi hosts high-grade zinc, copper, lead and germanium deposits. The restart coincides with the centenary of its initial operations in 1924, adding to the event’s historical importance.

Speaking at the mine reopening, Ivanhoe Mines President Marna Cloete emphasized Kipushi’s dual role in advancing sustainable resource development and fostering community empowerment.

“Today, we are breathing new life into one of the world’s richest deposits, together proving that responsible mining can drive shared prosperity,” she said in a press release published on November 21.

Gécamines Chairman Guy-Robert Lukama Nkunzi also underscored the project’s significance for the area. He described the mine as the community’s ‘beating heart,’ with its reopening symbolizing economic opportunity.

Ivanhoe notes that output from Kipushi is poised to contribute to global zinc supply amid increasing demand for the metal, which is vital for construction, galvanization and renewable energy infrastructure.

The mine’s copper, lead and germanium production will further enhance its profile as a key resource hub.

Kipushi complements Ivanhoe’s flagship Kamoa-Kakula copper project in the DRC. The company is also in the construction phase at its Platreef palladium-nickel-platinum-rhodium-copper-gold project in South Africa.

Ivanhoe shares responded positively to the reopening, reflecting market confidence in the mine’s prospects.

The reopening ceremony was attended by national and local dignitaries, as well as President Félix Tshisekedi. He highlighted the partnership between Ivanhoe Mines and state-owned Gécamines, which jointly operate the site.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Previous Post

Rick Rule: Contrarian or Victim? Where to Invest (and Speculate) in 2025

Next Post

HyProMag USA Feasibility Study Demonstrates Robust Economics and the Opportunity to Develop a Major New, Domestic Source of Recycled Rare Earths Magnets for the United States

Next Post
HyProMag USA Feasibility Study Demonstrates Robust Economics and the Opportunity to Develop a Major New, Domestic Source of Recycled Rare Earths Magnets for the United States

HyProMag USA Feasibility Study Demonstrates Robust Economics and the Opportunity to Develop a Major New, Domestic Source of Recycled Rare Earths Magnets for the United States

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

August 3, 2025
Eric Sprott Announces Securities of Summa Silver Corp.

Eric Sprott Announces Securities of Summa Silver Corp.

August 2, 2025
Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

August 2, 2025
Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

August 2, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

August 3, 2025
Eric Sprott Announces Securities of Summa Silver Corp.

Eric Sprott Announces Securities of Summa Silver Corp.

August 2, 2025
Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

August 2, 2025
Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

August 2, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved