Copper Supply Risks Rise As Congo’s Top Mine Battles Underground Flood

Copper Supply Risks Rise As Congo’s Top Mine Battles Underground Flood

A critical supply disruption is unfolding at one of the world’s most significant copper mines as Ivanhoe Mines Ltd.’s Kamoa-Kakula complex in the Democratic Republic of Congo continues to grapple with extensive underground flooding triggered by seismic activity earlier this month. According to a statement from Ivanhoe, operations at the Kakula underground section — which […] The post Copper Supply Risks Rise as Congo’s Top Mine Battles Undergrou…

Kamoa-Kakula reopening timeline unclear after flooding

MORE than a week after seismic activity triggered flooding at the Kamoa-Kakula copper mine in the Democratic Republic of Congo, uncertainty continues over when operations will resume, said Bloomberg News in a report on Friday. The mine, operated by Toronto-based Ivanhoe Mines was set to become the third-largest copper supplier this year. Contrasting messages from its shareholders have left the industry questioning restart timelines, said the new…

The state of one of the most important copper mines in the world remains uncertain, more than a week after seismic activity caused widespread flooding in the depths of the site.The Kamoa-Kakula complex of Ivanhoe Mines Ltd., in the Democratic Republic of the Congo, is one of the world's leading copper sources and was heading to become this year's third largest supplier of this key metal for the energy transition.However, its current state is a m…