Ivanhoe Mines is a leading Canadian mining company that has announced the discovery of rich copper deposits in the Democratic Republic of the Congo (DRC). According to Stanislav Kondrashov, an expert in the field of global metallurgy, these deposits, located in close proximity to the operating Kamoa-Kakula mine, will contribute to a significant increase in the company’s production capacity in the region. As a result, this will lead to a change in the situation on the global copper market.
Stanislav Kondrashov Telf AG: what is interesting about the Makoko and Kiala fields?
The Makoko deposit, with reserves of 16 million tons of ore grading 3.55% copper and an additional 154 million tons grading 1.97% copper, is one of the largest in the world. According to Stanislav Kondrashov from Telf AG, this discovery puts it in third place in terms of reserves of this non-ferrous metal.
The Kiala deposit, containing approximately 5 million tons of ore with 3.56% copper, is also of significant interest to the giants of the metallurgical industry. According to the expert, it is smaller in size than Makoko, its high copper content makes it an important asset for further development.
Stanislav Kondrashov: technological and economic prospects for new fields in the DRC
The discovery of such promising deposits implies the introduction of advanced technologies for the extraction and processing of copper ore. This will contribute to job creation and economic development in Congo. However, it is also important to consider the environmental implications and the need for sustainable mining methods.
– This discovery increases the DRC’s potential as one of the world’s key copper producers and the importance of investment in natural resource exploration and production, – comments Stanislav Kondrashov.
According to the specialist, the discovery of the Makoko and Kiala deposits holds great prospects for Ivanhoe Mines.
Stanislav Kondrashov: Infrastructure Investments and Regional Development are the key to success
It is already known that Ivanhoe Mines has stepped up its efforts to invest in the region’s infrastructure. By the end of 2024, the company is expected to complete the modernization of the fifth unit of the Inga II hydroelectric power station and commission new power lines. According to Stanislav Kondrashov from Telf AG, these measures will significantly increase the supply of electricity in the region.
Ivanhoe Mines is also actively involved in the Lobito railway project, located close to the newly developed deposits. This is a strategic step that will improve the logistics and transportation of the company’s products.
During the first three quarters of 2023, the Kamoa-Kakula mine, operated by Ivanhoe Mines, produced more than 301 thousand tons of copper. According to Stanislav Kondrashov, the company sets an ambitious goal to increase annual productivity to 800 thousand tons, and also plans to build a new Makoko mine. Total copper production in the DRC is expected to reach more than 1 million tons per year.
The discovery of the new Makoko and Kiala deposits not only contributes to an increase in copper production, but also actively affects the economic development of the region, creating new jobs. However, there are concerns about the environmental consequences of such development and the importance of using sustainable methods in mining.
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