Source: Ivanhoe Mines
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  • Ivanhoe Mines (IVN) has filed a new technical report for its Kipushi Mine in the Democratic Republic of Congo
  • The report includes a feasibility study for the redevelopment of the Kipushi Mine and the mining of its Big Zinc and Southern Zinc zones
  • The zones are estimated to have 11.8 million tonnes of measured and indicated mineral resources
  • The Kipushi Project is based on a high-grade underground zinc-copper mine
  • Ivanhoe Mines (IVN) is down 3.86 per cent and is trading at $11.94 per share as of 2:52 p.m. EST.

Ivanhoe Mines (IVN) has filed a new technical report for its Kipushi Mine in the Democratic Republic of Congo.

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa.

The updated technical report includes an independent feasibility study for the redevelopment of the Kipushi Mine and the mining of Kipushi’s zinc-rich Big Zinc and Southern Zinc zones.

The zones are estimated to have 11.8 million tonnes of measured and indicated mineral resources grading 35.3 per cent zinc.

The Kipushi Project is based on a high-grade underground zinc-copper mine in the Central African Copperbelt and will be the world’s highest-grade major zinc mine with an average grade of 36.4 per cent zinc during the first five years of production. It mined approximately 60 million tonnes grading 11 per cent zinc and 7 per cent copper between 1924 and 1993.

Additionally, the mine produced 12,673 tonnes of lead and approximately 278 tonnes of germanium between 1956 and 1978. The mine had been managed on a care and maintenance basis since 1993.

Ivanhoe Mines (IVN) is down 3.86 per cent and is trading at $11.94 per share as of 2:52 p.m. EST.

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