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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.

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