17:49:34 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Ivanhoe Mines Ltd
Symbol IVN
Shares Issued 1,220,563,700
Close 2023-09-18 C$ 12.09
Market Cap C$ 14,756,615,133
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Ivanhoe Mines contractor dies at Kamoa-Kakula

2023-09-18 11:28 ET - News Release

Mr. Matthew Keevil reports

IVANHOE MINES REPORTS FATALITY AT THE KAMOA-KAKULA COPPER COMPLEX

A fatal accident has occurred at Ivanhoe Mines Ltd.'s Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC).

A fatal accident occurred underground at the Kakula mine when Mick Ilunga, a contractor drill rig operator, was struck by a fall of ground. A second contractor drill rig operator is receiving medical treatment for non-life-threatening injuries. Kamoa copper is undertaking a comprehensive internal investigation into the accident and is working with the DRC authorities to facilitate their investigation of the accident. Once the investigations are complete, management will review and implement any additional safety measures recommended to prevent such an accident from recurring.

On behalf of the Kamoa copper joint venture, Ivanhoe Mines extends its deepest condolences to the grieving family and friends of Mr. Ilunga.

Mining activities at the Kakula underground mine have temporarily ceased. The phase 1 and 2 concentrators continue to operate, drawing from surface ore stockpiles.

About Ivanhoe Mines Ltd.

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in southern Africa: the expansion of the Kamoa-Kakula copper complex in the DRC; the construction of the Tier 1 Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultrahigh-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC.

Ivanhoe Mines also is exploring for new copper discoveries across its approximately 2,400 square kilometres of licences in the Western Foreland, located adjacent to or in close proximity to the Kamoa-Kakula copper complex in the DRC.

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