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

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
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 »

Recent Politics

Street scene in Johannesburg, South Africa. Photo by Yiğit KARAALİOĞLU @ Pexels
Can Europe make South Africa’s metros investable? Execution matters
Read More »
The war in Sudan has displaced thousands of people. Photo @ Pexels
Can diplomacy stop Sudan’s war? The conflict is going regional
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Can Senegal shield regional markets while restructuring debt?
Read More »

Latest Posts

Latest news insights