# Ivanhoe Mines

Canonical page: https://technooptimist.io/companies/ivanhoe-mines
Vancouver-based miner developing large African deposits: the Kamoa-Kakula copper complex in the DR Congo with Zijin Mining, the Platreef platinum-group project in South Africa and the Kipushi zinc mine.

## In brief

- Kamoa-Kakula's on-site smelter, Africa's largest, made its first 99.7% copper anodes in December 2025.
- A May 2025 seismic event flooded part of the Kakula mine; 2026 guidance is 290-310 kt of copper.
- Targets more than 500,000 t/yr of copper from 2028.

## Facts

- Headquarters: CA
- Status: public
- Website: https://www.ivanhoemines.com
- Frontiers: [Materials](https://technooptimist.io/materials.md) (Copper & strategic metals)

## Programs

- [Kamoa-Kakula copper complex](https://technooptimist.io/materials/kamoa-kakula.md) (Materials): Scaling; next: 60 MW on-site solar and battery baseload (Q3 2026). Smelter at ~60% of 500 kt/yr; 2026 guidance cut to 290-310 kt after flooding at Kakula in 2025.

## Upcoming

- **Q1 2027**: Updated Kamoa-Kakula production guidance for 2027 (Kamoa-Kakula copper complex)

## Latest updates

- **29 Jul 2026**: Ivanhoe tightens 2026 Kamoa-Kakula guidance to 290,000-310,000 t; smelter at about 60% capacity. Kamoa-Kakula produced 64,328 tonnes of copper in the second quarter of 2026 and Ivanhoe narrowed full-year guidance to 290,000-310,000 tonnes, far below the 380,000-420,000 tonnes guided in December 2025. ([our story](https://technooptimist.io/stories/ivanhoe-tightens-2026-kamoa-kakula-guidance-to-290-000-310-000-t-8c2954cf.md) · [original source](https://www.newsfilecorp.com/release/307108/))
- **5 Jan 2026**: Kamoa-Kakula smelter, Africa's largest, produces its first copper anodes. The US$1.1 billion direct-to-blister smelter produced its first 99.7%-pure copper anodes about five weeks after heat-up and one week after first concentrate feed. ([our story](https://technooptimist.io/stories/kamoa-kakula-smelter-africa-s-largest-produces-its-first-copper-anodes-ee3e8133.md) · [original source](https://africanreview.com/mining/kamoa-kakula-smelter-produces-first-copper-anodes))
- **3 Dec 2025**: Ivanhoe sets 2026-27 Kamoa-Kakula guidance as dewatering advances and the smelter starts up. Ivanhoe guided 380,000-420,000 tonnes of copper for 2026 and 500,000-540,000 tonnes for 2027, keeping a medium-term target of about 550,000 tonnes a year. ([our story](https://technooptimist.io/stories/ivanhoe-sets-2026-27-kamoa-kakula-guidance-as-dewatering-advances-and-01364c5e.md) · [original source](https://www.ivanhoemines.com/news-stories/news-release/ivanhoe-mines-announces-kamoa-kakula-copper-production-guidance-for-2026-and-2027-as-recovery-plan-advances))
- **11 Jun 2025**: Ivanhoe cuts 2025 Kamoa-Kakula guidance by 28% and withdraws 2026 target after seismic event floods Kakula. After a seismic event in May 2025 suspended mining at Kakula, Ivanhoe cut its 2025 forecast to 370,000-420,000 tonnes of copper from 520,000-580,000 tonnes and withdrew its 2026 target of about 600,000 tonnes. ([our story](https://technooptimist.io/stories/ivanhoe-cuts-2025-kamoa-kakula-guidance-by-28-and-withdraws-2026-target-cf44b11b.md) · [original source](https://www.ecofinagency.com/news/1206-47243-drc-s-kamoa-kakula-copper-production-to-drop-amid-seismic-setback))

## Partners, customers and investors

- Zijin Mining (partner): Holds an indirect 39.6% of Kamoa-Kakula, equal to Ivanhoe's stake.
- Government of the DR Congo (partner): Holds 20% of Kamoa-Kakula.

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