Ivanhoe Mines issues fifth annual Sustainability Report, highlighting the company’s commitment to becoming a global ESG leader in mining
May 2, 2022
Ivanhoe Mines issues fifth annual Sustainability Report,
highlighting the company’s commitment to becoming a
global ESG leader in mining
TORONTO, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced today the
publication of its fifth annual Sustainability Report.
The report highlights Ivanhoe Mines’ sustainability programs and initiatives in 2021,
including significant accomplishments achieved at its three mine development
projects, and outlines goals and benchmarks for current and future corporate
activities.
Ivanhoe Mines is committed to producing the world's “greenest copper” at its
world-scale Kamoa-Kakula Copper Joint Venture in the Democratic Republic of
Congo. On April 7, 2022, Kamoa Copper declared early commercial production for
Kamoa-Kakula's Phase 2 concentrator expansion. Kamoa Copper now is expected
to be the world's fourth-largest copper mining complex by the third quarter of 2023,
with annualized copper output expected to exceed 450,000 tonnes.
Thereafter, Kamoa-Kakula’s Phase 3 expansion is expected to enter production by
the end of 2024, which will position Kamoa Copper as the industry’s third-largest,
vertically integrated copper complex, including a 500,000-tonne-per-annum, direct-
to-blister flash smelter, powered by green hydropower, to produce approximately
99% copper metal. Further details on our Phase 3 expansion will be released to
financial markets tomorrow, May 3, 2022.
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We strongly encourage all of our investors to carefully scrutinize the outstanding
sustainability initiatives undertaken by our company by viewing our 2021
Sustainability Report at: https://bit.ly/3KEWeWZ
Watch a video highlighting sustainability achievements at our three
mine development projects: https://vimeo.com/705323843/b9a0b87e25
“Ivanhoe Mines is driven to become the next major, diversified multinational mining
company – an industry leader in environmental, social and corporate governance that
generates outstanding returns for our shareholders and stakeholders," said Executive
Co-Chairman Robert Friedland. "We are proud of our team's accomplishments this past
year, and the strong relationships they have continued to build with our local
communities and stakeholders. Ivanhoe is committed to 're-inventing mining', and at the
centre of that concept are our people, and our relationships with the communities where
we operate. The entire enterprise of addressing global warming and climate change rests
on a massive, unprecedented, and responsibly produced supply of copper metal. Ivanhoe
Mines is deeply committed to identifying and mining the metals critical for worldwide
electrification in both an environmentally and socially conscious way.”
In her introduction to the report, President Marna Cloete acknowledged the dedication,
efforts and teamwork of our diverse workforce: “We value our role as a cosmopolitan,
global corporate citizen in the international market and continually strive towards a
social compact between government, labour, business and communities underpinned
by stakeholder capitalism. As an organization that seeks to remain resilient and retain
our competitive advantage, we have the appetite to continue to strategically integrate
these drivers that are shaping the future of mining into our organization, especially as
stakeholders increasingly insist that environmental, social and corporate governance,
and climate change considerations, feature in a company’s value creation story.”
Patricia Makhesha, Executive Vice President, Sustainability and Special Projects, added:
“At Ivanhoe we are all one big family, committed to each other and to the organizational
mandate, which is rooted in a deep commitment to our agenda for sustainable
development. Our culture is one of caring for others, and therefore of operating with the
best interests of our key stakeholders in mind. Our culture is one of 'ubuntu'. The
Southern African concept of 'ubuntu' – 'I am because you are' – encapsulates the
quintessence of humanity’s oneness. An appreciation for this concept compels us to
contemplate how everything we do has an impact on others and on society and to
further reflect on whether true self-actualization can be attained through sharing
ourselves with others, and caring for those around us.”
Pictures showcasing several of the company’s 2021 sustainability initiatives are
shown below.
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Anita Ngxumza (left) and Mamy Mujinga, members of Kamoa Copper’s
Emergency Response team.
John Rapulana testing the simulator during a visit from Gécamines Kamoa-
Kakula’s has established a state-of-the-art training centre. As part of the project’s
extensive training program, apprentice miners learn through hands-on experience,
and automated mining equipment on computerized simulators.
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Participants at the Kipushi-sponsored sewing training centre.
Kajimana Muluba and Kazadi Mujinga, brickmakers at the Tujenge community
brick-making cooperative at Kamoa-Kakula, an example of providing
opportunities to local communities to participate in the mine supply chain.
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Ngoy Wanruluernest, a local farmer beneficiary of the Kamoa-Kakula Sustainable
Livelihoods Program, harvesting brussels sprouts, Kamisange community.
Farm workers at the Mumba Farm near the Kamoa-Kakula Mining Complex.
Livelihood projects are the cornerstoneof providing true value, security and
prosperity for communities within our mining footprint.
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Nathalie Kikaba, Senior Economic Development Manager, Kipushi Project, with
local community members collecting water at the Kaponda solar-powered water
well.
Placide Mukumbi Kaulo and Jacquie Banza Wa Ilunga, students at the Mwinkeu
primary school in Kaponda Village; another Kamoa Livelihoods Program
community initiative.
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Young girls collecting water at a well installed by the Kipushi project.
Kona Mumongo Grace, a local farmer at the Kaponda Village, receiving mandarin
orange saplings, which are among many high-value crops grown at Kamoa.
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About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal
projects in Southern Africa: the development of major new, mechanized, underground
mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo and
at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa;
and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-
germanium-silver mine, also in the Democratic Republic of Congo.
Kamoa-Kakula is the world’s fastest growing major copper mine. Kamoa-Kakula began
producing copper concentrates in May 2021 and, through phased expansions, is
positioned to become one of the world's largest copper producers. Kamoa-Kakula is
being powered by clean, renewable hydro-generated electricity and is projected to be
among the world’s lowest greenhouse gas emitters per unit of metal produced. Ivanhoe
Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1
and 2) at the Kamoa-Kakula Copper Mine. Ivanhoe also is exploring for new copper
discoveries on its Western Foreland exploration licences in the Democratic Republic of
Congo, near the Kamoa-Kakula Mining Complex.
Information contacts
Matthew Keevil +1.604.558.1034
Website www.ivanhoemines.com