On Thursday, the share price of the Ivanhoe Mines commenced at the more remarkable point at Can$9.27, and later it continuously dropped by 11% from Can$9.27. Despite that, the stock has recovered quickly for almost Can$8.91. The company’s market capitalization is 10 billion dollars. Ivanhoe Mines is glad to announce that Kamoa Copper SA, the operating company of the combined enterprise between Ivanhoe Mines, Zijin Mining Group, Crystal River, and the Government of the Democratic Republic of Congo, has started exporting copper concentrate internationally. They marked a significant milestone in the continuing ramp-up of Kamoa-Phase Kakula’s 1 3.8 million tonne-per-annum (Mtpa) concentrator facility.
Kamoa-Kakula copper concentrate for export is transported in bags, with each bag containing approximately two tons of concentrate. The packages are independently weighed, sampled, and sealed in the presence of representatives of the General Customs and Excise Administration of the Democratic Republic of the Congo (DGDA) and then loaded into transport trucks. After loading, the trucks are weighed, sealed, and parked in a particular storage area in Kamoa-Kakula, awaiting inspection and export permission from the DGDA.