27 May | Other

Ivanhoe Mines urgently suspends underground operations at Kamoa-Kakula copper mine

Ivanhoe Mines urgently suspends underground operations at Kamoa-Kakula copper mine

Canada's Ivanhoe Mines has suspended underground operations at its Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC) following renewed seismic activity. Mine personnel were evacuated on Sunday, though the project continues partial operations using copper ore from stockpiles, according to Mining Weekly.

The emergency suspension has also forced Ivanhoe Mines to withdraw its previous forecast for 2025 production and costs. The figures will be revised depending on the further course of events, experts report.

According to yesterday's statement by Ivanhoe Mines CEO Marna Cloete, the company is redirecting all efforts to maintain pumping and water management infrastructure at Kamoa-Kakula by accelerating the procurement of necessary equipment. Mining Weekly adds that the company is also investigating the cause of the increased seismic activity and exploring solutions to address the challenges.

Elena Dorokhina MarketCheese
Brent sell
Period: 15.08.2025 Expectation: 435 pips
Selling Brent on eased geopolitical tensions and crude oversupply
Yesterday at 11:28 AM 49
Period: 22.08.2025 Expectation: 2000 pips
GBPUSD rally faces major obstacles
Yesterday at 10:03 AM 31
Period: 15.08.2025 Expectation: 1000 pips
Buying SPX on back of ongoing US stock market recovery
Yesterday at 09:01 AM 40
Gold sell
Period: 22.08.2025 Expectation: 8500 pips
Selling gold from technical resistance with $3,335 target
Yesterday at 06:58 AM 42
Period: 15.08.2025 Expectation: 960 pips
Selling AUDCAD is underway amid bearish pressure
Yesterday at 06:39 AM 23
Period: 14.08.2025 Expectation: 2300 pips
Selling USDJPY with 144.750 target amid persistent bearish pressure and weak support
07 August 2025 66
Go to forecasts