Ivanhoe Mines Ltd.
About Ivanhoe Mines Ltd.
Overview
Ivanhoe Mines Ltd. is a Canadian mining company focused on advancing major copper, gold, and zinc projects in Southern Africa. Founded by mining entrepreneur Robert Friedland, the company is developing three principal projects on the Central African Copperbelt and in South Africa. Ivanhoe's Kamoa-Kakula copper project has emerged as one of the world's highest-grade major copper mines.
Operations
Ivanhoe's flagship operation is the Kamoa-Kakula copper mine in the Democratic Republic of Congo, which commenced production in 2021 and is rapidly expanding. The mine produces some of the highest-grade copper globally with exceptionally low costs. The company also owns the Platreef palladium-platinum-nickel-copper-gold project in South Africa and the Kipushi zinc-copper-germanium-silver mine in the DRC.
Strategy
The company's strategy emphasizes rapid expansion of Kamoa-Kakula to become one of the world's largest copper producers, advancing Platreef toward production to capitalize on the PGM and battery metals opportunity, restarting the historic Kipushi mine to capitalize on zinc demand, leveraging in-country partnerships and relationships, and building a major African-focused mining company supplying critical minerals for the energy transition.
Key Projects
Kamoa-Kakula Phase 3 expansion is underway with plans to reach 600,000+ tonnes of copper production, making it one of the world's largest copper mines. The Platreef project is advancing toward first production of palladium, platinum, nickel, copper, rhodium, and gold. Kipushi zinc mine is in advanced stages of redevelopment with first production expected soon. All projects benefit from hydropower and low carbon intensity.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- IVN
- Market Cap
- Large Cap
- Category
- Copper
- Commodities
- Copper, Gold, Zinc
- Headquarters
- Vancouver, Canada
- Founded
- 1993
- Employees
- ~4,000
Operating Countries
Producing Assets
- •Kamoa-Kakula (DRC)
Development Assets
- •Kamoa-Kakula Phase 3 (DRC)
- •Platreef (South Africa)
- •Kipushi (DRC)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.