Ivanhoe cuts Kamoa-Kakula output outlook after flooding – ING
|Ivanhoe Mines has trimmed its medium-term production outlook for the Kamoa-Kakula Copper mine to 550kt, down from over 600kt previously, after May’s flooding caused by seismic activity, ING's commodity experts Ewa Manthey and Warren Patterson note.
Copper giant’s medium-term production target lowered to 550kt
"Recent reports suggest that Ivanhoe mines expect medium-term production at the Kamoa-Kakula Copper mine to exceed 550kt, down from its earlier target of over 600kt, after flooding caused by seismic activity in May, likely triggered by mining activity. This has forced the company to draw up a new long-term development plan for the mine."
"Meanwhile, the company aims to issue production guidance for 2026 and 2027 once recovery efforts progress further. As one of the world’s largest Copper mines, Kamoa-Kakula has been a key contributor to global supply, as other major mines struggle to maintain output."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.