- Write by:
-
Wednesday, February 26, 2020 - 11:45:06 AM
-
542 Visit
-
Print
Mining News Pro - Canada’s Ivanhoe Mines announced that the underground development at its Kakula copper mine in the Democratic Republic of Congo continues to advance ahead of schedule and that initial production is expected in Q3-2021.
According to Mining News Pro - In a press release, co-chairs Robert Friedland and Yufeng “Miles” Sun said that more than eight kilometres of underground development have been completed, which is 1.7 kilometres ahead of plan. They also said that this month, the mining team is on pace to set a new monthly development record of 1,310 metres of advancement ─ 380 metres ahead of plan for the month.
The underground development work at Kakula is being performed by mining crews operating large-capacity, semi-autonomous mining equipment, such as jumbo drilling rigs and 50-tonne trucks.
According to Friedland and Sun, mine access drives 1 and 2 − interconnected, parallel tunnels being developed from Kakula’s main northern declines that will provide access to high-grade ore zones are also being quickly done.
The development ore is being transported to the surface and stored on pre-production stockpiles, which are expected to grow to approximately 1.5 million tonnes of high-grade ore and an additional 700,000 tonnes of material grading approximately 1% to 3% copper prior to the start of initial production by the end of next year.
“Based on the results of the February 2019 Kakula pre-feasibility study, Kakula’s average feed grade over the first five years of operations is projected to be 6.8% copper, and 5.5% copper on average over a 25-year mine life,” the media brief states.
In parallel to the construction of Kamoa-Kakula’s phase 1 Kakula mine, work is progressing on the independent Kakula definitive feasibility study and an updated integrated development plan for the entire Kamoa-Kakula mining complex, which is expected to be issued in mid-2020.
Located within the Central African Copperbelt, approximately 25 kilometres west of the town of Kolwezi, Kamoa-Kakula is a large, near-surface, flat-lying, stratiform copper deposit with adjacent prospective exploration areas.
It is estimated that the deposit contains 1.34 billion indicated tonnes grading 2.72% copper for 80.7 billion pounds of copper, as well as 315 million inferred tonnes at 1.87% copper for 13 billion pounds of copper.
Short Link:
https://www.miningnews.ir/En/News/493229
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9,000 for the first time ever ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after ...
Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese ...
The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it ...
No comments have been posted yet ...