Kayembe Mundula Jean, Fitter and Baba Franck, General worker operating one of the nine temporary ‘Stage One’ dewatering pumps underground at Kakula. Credit: Ivanhoe Mines
Ivanhoe Mines (TSX: IVN) has started a second stage of dewatering Kamoa-Kakula, Africa’s largest copper operation, but increased its production cash cost forecast by 12%.
Two submersible pumps have arrived on the site near Lubumbashi in far southeast Democratic Republic of Congo after earth tremors triggered flooding in May, the company said Wednesday in a statement. Two more pumps are due next month in the $70 million plan for draining eastern Kamoa-Kakula by the end of this year.
“The company will provide an update on Kamoa-Kakula’s recovery plan and ramp-up to steady-state operations over the medium term in September, as well as 2026/2027 production and cost guidance,”
BMO Capital Markets analyst Andrew Mikitchook said…
