Ivanhoe Mines (TSX: IVN) says it has restarted the western portion of the Kakula copper mine in the Democratic Republic of the Congo following its temporary suspension nearly a month ago.
The underground mine, part of the company’s larger Kamoa-Kakula copper complex in the DRC, was forced to shut down on May 18 due to severe flooding that resulted from seismic activity in the region. The complex is Africa’s largest copper-producing operation, with majority ownership split between Ivanhoe and China’s Zijin Mining at 39.6% each, while the DRC government holds a 20% stake.
Despite conflicted reports over the potential damage by Ivanhoe and its joint venture partner Zijin, industry analysts have said the mine should be able to resume once the necessary dewatering and remediation efforts…
