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Ivanplats (TSX:IVP) announced that they have signed an MOU with DRC’sstate-owned power company, La Société Nation, to secure an additional power supply for their Kamoa copper discovery in Katanga province.
Ivanplats (TSX:IVP) announced that they have signed an MOU with DRC’s state-owned power company, La Société Nation, to secure an additional power supply for their Kamoa copper discovery in Katanga province.
As quoted in the press release:
Following the signing of the memorandum of understanding (MOU) this week, Ivanplats and La Société Nationale d’Electricité (SNEL) plan to conduct a Feasibility Study to assess the scope of work, and cost of restoring Nzilo 1 to its design capacity of 111 megawatts (MW).
Ivanplats’ Chairman, Robert Friedland, said:
As is the case with any major mine development project, a dependable supply of electricity is a key consideration in planning production rates at Kamoa.
To view the whole press release, click here.
