Ivanhoe Mines (TSX: IVN) on Friday disputed a statement by its Chinese partner, Zijin Mining, regarding operational issues at their jointly owned Kakula copper mine in the Democratic Republic of Congo following recent seismic activity.
On Tuesday, Ivanhoe announced a temporary suspension of activities at the copper complex but said the western section of the mine had been declared safe and that mining operations there would resume imminently.
“The press release by Zijin Mining refers to ‘..multiple roof-falling and rib-spalling in the eastern section of the [Kakula] mine,’ Ivanhoe said.
“Ivanhoe Mines does not agree with this statement.”
Zijin also warned that the mine might miss its annual production guidance. Ivanhoe refuted this claim as well, emphasizing that a full investigation was still underway.
The company said its senior management, along with geotechnical specialists, is…
