TheTechno Optimist.

Kamoa-Kakula copper complexIvanhoe Mines—Ivanhoe sets 2026-27 Kamoa-Kakula guidance as dewatering advances and the smelter starts upKamoa-Kakula copper complexIvanhoe Mines—Kamoa-Kakula smelter, Africa's largest, produces its first copper anodesKamoa-Kakula copper complexIvanhoe Mines—Ivanhoe tightens 2026 Kamoa-Kakula guidance to 290,000-310,000 t; smelter at about 60% capacity

Kamoa-Kakula copper complex

by Ivanhoe MinesCA

Supply a large share of the new copper that grids, EVs and data centres need from an unusually rich deposit, and refine it on site so each truck carries 99.7% copper instead of 45% concentrate.

ScalingStage 5 of 5

Smelter at ~60% of 500 kt/yr; 2026 guidance cut to 290-310 kt after flooding at Kakula in 2025.

Updated 29 Jul 2026Checked 11 Oct0 updates this week

Milestones

Next · 60 MW on-site solar and battery baseload
  1. Phase 3 concentrator produces first concentrateJun 2024Complete.
  2. Seismic event floods eastern Kakula; mining haltedMay 2025Complete.
  3. Mining restarts on Kakula's western sideJun 2025Complete.
  4. First copper anodes from on-site smelterDec 2025Complete.
  5. 60 MW on-site solar and battery baseloadTarget Q3 2026Current milestone.
  6. Kakula stoping resumesTarget 2027Not yet reached.
  7. Smelter at full 500 kt/yr capacityTarget 2028Not yet reached.
  8. Copper output above 500,000 t/yrTarget 2028+12 mooriginally 2027Not yet reached.

Most important updates

Upcoming

  1. Q3 202660 MW on-site solar and battery baseload (next)
  2. 2027Kakula stoping resumes
  3. Q1 2027Updated Kamoa-Kakula production guidance for 2027
  4. 2028Smelter at full 500 kt/yr capacity
  5. 2028Copper output above 500,000 t/yr+12 mooriginally 2027
Primer