Ivanhoe Mines Reported First Shipment of Copper Concentrate

SEATTLE (Scrap Monster): Ivanhoe Mines announced first shipment of copper concentrate from its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). The shipment has arrived by rail at the Atlantic Ocean port of Lobito, in Angola, said the company press release.

The first shipment of 1,100 tonnes of copper concentrate were sent from Impala Terminals warehouse in Kolwezi on December 23, which arrived at Lobito on December 31, 2023 after 8 days. It is part of the trial tonnage under the memorandum of understanding (MOU) signed between Lobito Atlantic International SARL (LAI or the Consortium) and Kamoa Copper S.A. (Kamoa Copper) in mid-August last year.

The shipment indicates the potential of shortening the export route from Kamoa-Kakula by two thirds. Currently, the average round-trip of concentrate shipments from the ports in South Africa and Tanzania to international customers takes between 40-50 days. In addition to saving transit times, the new rail route will simplify logistics, cut greenhouse gas emissions and reduce operating costs.

Robert Friedland, Founder and Executive Co-Chairman, Ivanhoe Mines noted that the first trial shipment marks an important milestone in creating a new supply chain linking the Central African Copperbelt to world markets.

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