According to the company, the first ore was delivered to the Kipushi concentrator on May 31, with the first concentrate produced on June 14.
Kipushi has set its 2024 production guidance at between 100,000 and 140,000 tonnes of zinc in concentrate.
The Kipushi zinc production capacity is expected to average 278,000 tonnes per annum over the first five years, making Kipushi the fourth-largest zinc mine globally.
Ivanhoe Mines said off-take agreements for Kipushi’s high-grade zinc concentrate have been signed with CITIC Metal (HK) Limited of Hong Kong and Trafigura Asia Trading of Singapore. Further off-take agreements are expected to be signed in the coming months.
In addition, financing facilities totaling $170 million provided by CITIC Metal, Trafigura and First Bank DRC of Kinshasa, DRC have been…
