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Ivanhoe Mines - Founder, Robert Friedland. - The Market Herald Canada
Founder, Robert Friedland.
Source: Financial Post.
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  • Kamoa Copper SA has appointed Ben Munanga and Olivier Binyingo to its Board of Directors
  • Mr. Munanga has been the General Manager of Ivanhoe Mines Energy DRC, a sister company of Kamoa Copper
  • Olivier Binyingo is Ivanhoe Mines' Vice President Public Affairs DRC
  • Kamoa Copper is the operating company of the joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River and the Government of the DRC
  • Ivanhoe Mines is a Canadian mining company focused on advancing its three joint ventures in Southern Africa
  • Ivanhoe Mines (IVN) is up 3.58 per cent, trading at C$7.52 per share at 2:45 pm ET

Ivanhoe Mines (IVN) is pleased to announce that Kamoa Copper SA has appointed Ben Munanga and Olivier Binyingo to its Board of Directors.

Kamoa Copper is the operating company of the joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River and the Government of the DRC that is developing the Kamoa-Kakula Copper Mine.

Mr. Munanga has been the General Manager of Ivanhoe Mines Energy DRC, a sister company of Kamoa Copper that is responsible for delivering renewable hydropower to the Kamoa-Kakula Copper Mine.

Mr. Munanga has served as the General Manager of Ivanhoe Mines Energy DRC  since August 2015.

In a concurrent move, Olivier Binyingo, Ivanhoe Mines' Vice President Public Affairs DRC, was appointed to the Board of Directors of Kamoa Copper.

"We would also like to acknowledge Ben for his excellent work in upgrading the Mwadingusha hydropower plant; a private-public partnership with the DRC's state-owned power company La Société Nationale d'Electricité (SNEL) that is providing clean hydro-generated electricity to the national grid for Kamoa-Kakula's Phase 1 and Phase 2 production, as well as local communities," Mr. Friedland said.

"During his six-year tenure at Ivanhoe Mines Energy DRC, Ben has become a trusted leader. His knowledge of our businesses and proven ability to partner across the industry make him ideal to advance our efforts at Kamoa Copper."

"We are thrilled to have Ben and Olivier join Kamoa Copper's board of directors as we pursue our goal of building an enduring, responsible, multinational mining company. Both Ben and Olivier are passionate advocates of the DRC mining industry, and we believe they will provide valuable perspectives as Kamoa Copper continues its journey to becoming the world's greenest, major copper producer," Mr. Friedland continued.

"We're immensely proud of Kamoa Copper's outstanding commitment to social and environmental responsibility, as well as its significant investments in the development of policies and programs for workplace safety, diversity, community development, and education. We expect that this commitment will continue to strengthen under Ben's leadership," Mr. Friedland added.

Olivier Binyingo, Ivanhoe Mines' Vice President Public Affairs DRC, has also been appointed to the Board of Directors of Kamoa Copper.

Mr. Binyingo joined Ivanhoe Mines in November 2020 with a focus on enhancing relationships with the DRC's public sector stakeholders of both the Kamoa-Kakula and Kipushi projects.

Olivier holds a Master of Laws from the Katholieke Universiteit Leuven (Belgium) and a Master in Security and Defence from the Université Grenoble Alpes (France).

The Kamoa-Kakula Copper Mine is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the DRC government (20%). Ivanhoe Mines and Zijin Mining are co-funding the development of the project.

Initial copper concentrate production from the Kakula Mine, the first of multiple mines planned on the 400-square-kilometre Kamoa-Kakula mining licence, is scheduled to begin this July.

Kamoa-Kakula is expected to begin producing copper in July 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers.

Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world's lowest greenhouse gas emitters per unit of metal produced.

Ivanhoe Mines is a Canadian mining company focused on advancing its three joint ventures in Southern Africa: Kamoa-Kakula, Platreef and Kipushi.

Ivanhoe Mines (IVN) is up 3.58 per cent, trading at C$7.52 per share at 2:45 pm ET.

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