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11 Mar
16:21

COPPER: Kamoa-Kakula provides major financial boost to Ivanhoe Mines

Ontario-based Ivanhoe Mines reports that it recorded a profit of $48.2 million in fourth quarter 2021. That compares to a loss of $10.9m for Q4 2020. Income from the Kamoa-Kakula copper joint venture in the Democratic Republic of the Congo of $105.7m and finance income of $103.9m were the principal contributors to the profit recorded in 4Q 2021, Kallanish reports. The Kamoa-Kakula Mining Complex sold 53,165 tonnes of payable copper and produced recognis…
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