Search

Congo’s Kamoa-Kakula Copper Complex boosts Ivanhoe profit to $228mn

Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
  • $578mn adjusted EBITDA from Kamoa-Kakula
  • Smelter ramp-up cuts costs, emissions

 

KINSHASA, CONGOIvanhoe Mines reported $228 million in profit and $578 million in adjusted EBITDA from its flagship Kamoa-Kakula Copper Complex, underscoring the Democratic Republic of the Congo’s growing clout in global copper markets.

The complex generated $3.28 billion in revenue and $1.45 billion in EBITDA at a 44% margin, cementing its position among the world’s most profitable copper operations.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Is Senegal drifting towards default as political rift deepens?
Read More »

Recent Politics

Senegal Finance Minister Cheikh Diba and IMF boss Kristalina Georgiva. Photo Kristalina Georgieva/X
Will Cheikh Diba’s market credibility outlast Sonko’s grip on Senegal?
Read More »
Hands preparing tea on a patterned rug with traditional bread and sugar in Abuja, Nigeria. Photo by Muhammad-Taha Ibrahim @Pexels
Nigeria’s sugar tax exposes Tinubu’s painful reform dilemma
Read More »
A scenic view of wind turbines at sunrise, capturing sustainable energy. Photo by Lorna Pauli @Pexel
Egypt’s green energy sprint masks a deepening gas crisis
Read More »

Latest Posts

Latest news insights