• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Copper Market
    Copper News
    Copper Stocks
    • Copper Market
    • Copper News
    • Copper Stocks
    1. Home>
    2. ResourceBase Metals Investing Copper Investing>
    Loading...
    0

    Ivanhoe, Zijin Halt Operations at Kakula Copper Mine in DRC

    Dean Belder
    May. 28, 2025 09:55AM PST

    Seismic activity has forced the closure of the Kakula copper mine, which is owned in partnership by Ivanhoe Mines, Zijin Mining and the DRC government.

    "Mine closed" sign with a yellow hard hat on textured blue wall.
    Chanita / Adobe Stock

    Operations at Ivanhoe Mines' (TSX:IVN,OTCQX:IVPAF) Kakula mine in the Democratic Republic of the Congo (DRC) remain suspended after seismic activity was reported at the site.

    Ivanhoe initially disclosed the interruption on May 20, when seismic activity was first detected, but extended the temporary shutdown on Monday (May 26) following several days of ongoing seismic events.

    Employees working in the mine have been safely brought above ground, and mobile equipment has been removed.


    Ivanhoe indicated that tremors are expected to continue for several weeks, and it could be some time before work crews will be allowed back on site. The shutdown has also impacted underground pumping and electrical infrastructure, resulting in an increase in water inflow to the underground mine, which will further affect the restart timeline.

    The company notes that a dewatering plan using additional pumping equipment is in development.

    Ivanhoe founder and Executive Co-Chairman, Robert Friedland, focused on positive takeaways from the shutdown.

    “What has transpired will give us valuable insight into managing geotechnical conditions and maintaining critical pumping infrastructure, which will allow us to future-proof and safely restart mining operations,” he said.

    The mine is part of the larger Kamoa-Kakula copper complex, a 40/40/20 joint venture between Ivanhoe Mines, China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899) and the DRC government. The complex is one of the world's largest copper-mining operations, with average annual output of 1.09 billion pounds of copper concentrate.

    While Ivanhoe and Zijin are working together to reopen the mine, the two companies have been at odds over the severity of the seismic activity. On May 23, Zijin said seismic activity had resulted in “multiple roof-falling and rib-spalling in the eastern section of the mine." In a rebuttal released the same day, Ivanhoe said seismic activity had caused a redistribution of forces underground, resulting in “'scaling,' or rockfalls, from the sidewalls of certain mining areas.”

    The neighboring Kamoa mine and its Phase 3 concentrator will continue to operate as normal. Phase 1 and 2 concentrators, which service the Kakula mine, will also continue to operate from supplies from stockpiled material.

    Ivanhoe said the suspension of operations has forced the company to withdraw its production and cost guidance for 2025, which had been set at 520,000 to 580,000 metric tons of copper.

    Shares of Ivanhoe slumped 17 percent, sinking from C$12.85 to C$10.66, following the company's Monday announcement. As of Wednesday (May 28) morning, shares were priced at C$11.

    Don't forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

    From Your Site Articles
    • Top 5 Junior Copper Stocks on the TSXV in 2025 ›
    • 5 Best-performing Copper Stocks on the TSX in 2025 ›
    • Top 10 Copper-producing Companies ›
    • Top 5 Copper Reserves by Country (Updated 2024) ›
    • Top 10 Copper Producers by Country ›
    TSX:IVN
    https://twitter.com/INN_Resource
    https://www.linkedin.com/in/deanbelder
    dbelder@investingnews.com
    The Conversation (0)

    Go Deeper

    AI Powered

    Base Metals Weekly Round-Up: Unfinished Trade Talks Sway Metals

    ASX:RIO

    Base Metals Weekly Round-Up: Ivanhoe Strikes Copper (Again)

    Dean Belder

    Dean Belder

    Investment Market Content Specialist

    Dean has been writing in one form or another since penning stage plays in his youth. He is a graduate of both Emily Carr University and Simon Fraser University, with a BFA in photography and a BA in communications.

    As a writer, Dean has traveled throughout BC and the Pacific Northwest covering cultural events, interviewing small business owners and working alongside fellow writers and photographers from publications like Rolling Stone Magazine, Spin and the Georgia Straight.

    Dean has a keen interest in investing, and enjoys learning about the mining industry and better understanding the technical aspects of trading. In his spare time, Dean is an avid home chef, ponders the space-time continuum and makes his own cider. On weekends he can be found cycling the Seawall, exploring farmers markets or sampling the city’s local craft breweries.

    Latest News

    Forte Minerals Engages Strategic Advisors, Expands Capital Markets Team, and Launches AI-Powered Investor Tool

    Questcorp Mining and Riverside Resources Announce Commencement of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico

    Gold Project Acquisition, Placement and MD appointment

    Cloncurry Gold Project Update

    Kings Chapel Converts $2 Milllion of Convertible Loan

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Copper Investing Stocks

    Blackstone Minerals

    BSX:AU

    Osisko Metals: Pure Potential

    OM:CA

    Los Andes Copper

    LA:CA

    Questcorp Mining

    QQQ:CC

    Cygnus Metals

    CYG:CC

    Redstone Resources

    RDS:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×
    Dean Belder
    Dean Belder

    Investment Market Content Specialist

    Dean has been writing in one form or another since penning stage plays in his youth. He is a graduate of both Emily Carr University and Simon Fraser University, with a BFA in photography and a BA in communications.

    As a writer, Dean has traveled throughout BC and the Pacific Northwest covering cultural events, interviewing small business owners and working alongside fellow writers and photographers from publications like Rolling Stone Magazine, Spin and the Georgia Straight.

    Dean has a keen interest in investing, and enjoys learning about the mining industry and better understanding the technical aspects of trading. In his spare time, Dean is an avid home chef, ponders the space-time continuum and makes his own cider. On weekends he can be found cycling the Seawall, exploring farmers markets or sampling the city’s local craft breweries.

    Full Bio

    Follow

    Learn about our editorial policies.