Ivanhoe Mines responds to inaccuracies made in a press release by Zijin Mining about Kamoa-Kakula’s operations
May 23, 2025
Ivanhoe Mines responds to inaccuracies made in a press
release by Zijin Mining about Kamoa-Kakula’s operations
■
Ivanhoe Mines to provide a detailed update on Kamoa-Kakula
operations by Tuesday, May 27, 2025
KOLWEZI, DEMOCRATIC REPUBLIC OF THE CONGO – Ivanhoe Mines (TSX: IVN;
OTCQX: IVPAF) today provides clarification to inaccuracies made in a press
release by Zijin Mining released earlier today. The press release was made in
relation to the temporary suspension of operations at the Kakula underground
mine, as announced by Ivanhoe Mines on Tuesday, May 20, 2025, at the Kamoa-
Kakula Copper Complex in the Democratic Republic of the Congo.
The press release by Zijin Mining refers to “…multiple roof-falling and rib-spalling
in the eastern section of the [Kakula] mine.” Ivanhoe Mines does not agree with
this statement.
Ivanhoe Mines and Kamoa Copper senior management, supported by geotechnical
specialists, continue to conduct a thorough inspection of the Kakula underground
mine, which commenced on May 20, 2025. The inspection is ongoing and has been
advancing further into the eastern section of the mine. Results so far show that
there is no evidence of collapsing stopes or structural pillars.
Preliminary indications suggest that seismic activity, which was experienced
during the last week and has subsequently subsided, resulted in a redistribution
of forces underground and caused “scaling”, or rock falls, from the sidewalls of
certain mining areas.
The operational teams are currently focused on safely repairing damage caused to
the cables and pipework that support the underground pumping infrastructure.
Once this activity is complete, focus will shift to returning to normal mining
operations starting with the western side of the Kakula Mine.
Once the underground investigation is completed, Ivanhoe Mines will determine
whether the temporary suspension of underground operations will impact annual
production guidance of the Kamoa-Kakula Mining Complex.
Ivanhoe Mines will provide a more detailed update by Tuesday May 27, 2025.
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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 expansion of the Kamoa-Kakula Copper
Complex in the DRC, the ramp-up of the ultra-high-grade Kipushi zinc-copper-
germanium-silver mine, also in the DRC; and the phased development of the tier-
one Platreef platinum-palladium-nickel-rhodium-gold-copper Mine in South Africa.
Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned
exploration licences in the Western Forelands, covering an area over six times
larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade
discoveries in the Makoko District. Ivanhoe is also exploring for new sedimentary
copper discoveries in new horizons including Angola, Kazakhstan and Zambia.
Follow Robert Friedland (@robert_ivanhoe) and Ivanhoe Mines (@IvanhoeMines_)
on X.
Information contact
Investors
Vancouver: Matthew Keevil +1.604.558.1034
London: Tommy Horton +44 7866 913 207
Media
Tanya Todd +1.604.331.9834
Forward-looking statements
Certain statements in this news release constitute “forward-looking statements” or “forward-
looking information” within the meaning of applicable securities laws. Such statements and
information involve known and unknown risks, uncertainties, and other factors that may cause
the actual results, performance, or achievements of the company, its projects, or industry results
to be materially different from any future results, performance, or achievements expressed or
implied by such forward-looking statements or information. Such statements can be identified
using words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”,
“anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state
that certain actions, events, or results “may”, “could”, “would”, “might” or “will” be taken, occur or
be achieved. These statements reflect the company’s current expectations regarding future
events, performance, and results and speak only as of the date of this news release.
Such statements include, without limitation: i) statements regarding Ivanhoe Mines to provide a
detailed update on Kamoa-Kakula operations by Tuesday, May 27, 2025; ii) statements
regarding the operational teams are currently focused on safely repairing damage caused to
cables and pipework that support the underground pumping infrastructure. Further, that once this
activity is completed, focus will shift to returning to normal mining operations starting with the
western side of the Kakula Mine; and, iii) statements regarding once the investigation is
completed, Ivanhoe Mines will determine whether the temporary suspension of underground
operations will impact annual production guidance.
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Forward-looking statements and information involve significant risks and uncertainties, should
not be read as guarantees of future performance or results, and will not necessarily be accurate
indicators of whether such results will be achieved. Many factors could cause actual results to
differ materially from the results discussed in the forward-looking statements or information,
including, but not limited to, the factors discussed above and under the “Risk Factors” section in
the company’s MD&A for the three months ended March 31, 2025, and its current annual
information form, and elsewhere in this news release, as well as unexpected changes in laws,
rules or regulations, or their enforcement by applicable authorities; the failure of parties to
contracts with the company to perform as agreed; social or labour unrest; changes in commodity
prices; and the failure of exploration programs or studies to deliver anticipated results or results
that would justify and support continued exploration, studies, development or operations.
Although the forward-looking statements contained in this news release are based upon what
management of the company believes are reasonable assumptions, the company cannot assure
investors that actual results will be consistent with these forward-looking statements. These
forward-looking statements are made as of the date of this news release and are expressly
qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the
company does not assume any obligation to update or revise the forward-looking statements
contained herein to reflect events or circumstances occurring after the date of this news release.
The company’s actual results could differ materially from those anticipated in these forward-
looking statements as a result of the factors outlined in the “Risk Factors” section in the
company’s MD&A for the three months ended March 31, 2025, and its current annual information
form.