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The Initial Kakula Mineral Resource Estimate Vaults the Kamoa-Kakula Project Into the Ranks of the World's 10 Largest Copper Deposits; Its Copper Grades Are the Highest of the Top 10, by a Wide Margin TORONTO, CANADA--(Marketwired - Nov. 10, 2016) - Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF) today announced its financial results for the third quarter ended September 30, 2016. All figures are in US dollars unless otherwise stated. The Platreef Project is owned by Ivanplats (Pty) Ltd, which is 64%-owned by Ivanhoe Mines. A 26% interest is held by Ivanplats' historically-disadvantaged broad-based, black economic empowerment (B-BBEE) partners, which include 20 local host communities with a total of approximately 150,000 people, project employees and local entrepreneurs. Ivanplats reconfirmed its Level 3 status in its second verification assessment on a B-BBEE scorecard. A Japanese consortium of ITOCHU Corporation and its affiliate, ITC Platinum, plus Japan Oil, Gas and Metals National Corporation and JGC Corporation, owns a 10% interest in Ivanplats, which it acquired in two tranches for a total investment of $290 million. The Platreef Project hosts an underground deposit of thick, platinum-group metals, nickel, copper and gold mineralization in the Northern Limb of the Bushveld Igneous Complex, approximately 280 kilometres northeast of Johannesburg and eight kilometres from the town of Mokopane in Limpopo Province. Since 2007, Ivanhoe has focused its exploration activities on defining and advancing the down-dip extension of its original discovery at Platreef, now known as the Flatreef Deposit, which is amenable to highly mechanized, underground mining methods. The Flatreef area lies entirely on the Turfspruit and Macalacaskop properties, which form part of the company's mining right. The Platreef Project reached a total of 6,331,141 million hours in terms of the Mines Health and Safety Act and the Occupational Health and Safety Act (OHSA) by the end of September 2016. The project recorded 178,552 work hours free of lost-time injuries (LTIF) up until the end of Q3 2016. Unfortunately, the project suffered a lost-time injury during the quarter. A rock-drill operator was injured, booked off and returned to work seven days after the incident. The Platreef Project continues to strive toward its workplace objective of an environment that causes zero harm to any employees, contractors, sub-contractors or consultants. Shaft 1, with an internal diameter of 7.25 metres, will provide initial access to the ore body and enable the initial underground capital development to take place during the development of Shaft 2, the main production shaft. Following the successful commissioning and licencing of the stage and kibble winders and ancillary equipment, the permanent sinking phase started in July 2016. The initial sinking phase was completed to 107 metres below surface and the main sinking phase has been initiated. A sinking rate of 45 metres per month is expected during the main phase, which includes a 300-millimetre concrete shaft lining and inserts. The current level is approximately 130 metres below surface; stations will be developed at the 450-, 750-, 850- and 950-metre levels. The main sinking phase is expected to reach its projected, final depth of 980 metres below surface in 2018. To view Figure 1. Shaft 1 headgear and other related surface infrastructure, please visit the following link: http://media3.marketwire.com/docs/1076002fig1.jpg Work is complete on the internal substation, which has a capacity of five million volt-amperes (MVA). Construction is underway on the power transmission lines from Eskom, South Africa's public electricity utility, which are expected to supply the electricity for shaft sinking. Back-up generators have been installed to ensure continued sinking operations during any interruptions in Eskom's supply of electricity. The new transmission lines also are expected to provide power to an adjacent community near the Platreef Project, which will be a major, added community benefit. To view Figure 2. Eskom's 5MVA line to Platreef Project, please visit the following link: http://media3.marketwire.com/docs/1076002f2.jpg Other on-site work completed includes the storm-water pond management system, concrete batch plant, workshops, stores and an explosives magazine. Construction of the intersection on the National Road (N11) highway for improved access to the Platreef mine site was completed in August 2016. The work included adding extra lanes to the existing roadway, exit and entry ramps, storm-water management and resurfacing of the intersection. Ivanhoe plans to develop the Platreef Mine in phases. The initial annual rate of four million tonnes per annum (Mtpa) is designed to establish an operating platform to support future expansions. This is expected to be followed by a potential doubling of production to 8 Mtpa; and then a third expansion phase to a steady-state 12 Mtpa, which would establish Platreef among the largest platinum-group-metals mines in the world. Ivanhoe has made good progress on advancing the feasibility study of the first phase, which began in August 2015. The study is being managed by DRA Global - with specialized sub-consultants including Stantec Consulting, Murray & Roberts Cementation, SRK, Golder Associates and Digby Wells Environmental - and is expected to be completed in the first half of 2017. There are expected to be opportunities to refine and modify the timing and capacities of subsequent phases of production to suit market conditions during the development and commissioning of the first phase. The selected mining areas in the current mine plan occur at depths ranging from approximately 700 metres to 1,200 metres below the surface. The main access to the Flatreef Deposit and ventilation system is expected to be through four vertical shafts. Shaft 2 will host the main personnel transport cage, material and ore-handling systems; Shafts 1, 3 and 4 will provide ventilation to the underground workings. Shaft 1, now under development, also will be used for initial access to the deposit and early underground development. Planned mining of the Flatreef Deposit is expected to use highly productive, mechanized methods, including long-hole stoping and drift-and-fill mining. Mined-out areas will be backfilled with a paste mixture that utilizes tailings from the process plant and cement. The ore will be hauled from the stopes to a series of ore passes that will connect to a main haulage level at Shaft 2, from where it will be hoisted to surface for processing. The Olifants River Water Resource Development Project (ORWRDP) is designed to deliver water to the Eastern and Northern limbs of South Africa's Bushveld Complex. The project consists of the new De Hoop Dam, the raised wall of the Flag Boshielo Dam and related pipeline infrastructure that ultimately is expected to deliver water to Pruissen, southeast of the Northern Limb. The Pruissen Pipeline Project is expected to be developed to deliver water onward from Pruissen to the municipalities, communities and mining projects on the Northern Limb. Ivanhoe is a member of the ORWRDP's Joint Water Forum. The Minister of Water & Sanitation has directed that the Trans-Caledon Tunnel Authority serve as the implementing agent for the outstanding phases of the ORWRDP scheme, which include the Phase 2B pipeline from Flag Boshielo Dam to Mokopane. The Platreef Project's water requirement for the first phase of development is projected to peak at approximately 10 million litres per day, which is expected to be serviced by the scheme. Ivanhoe also is investigating various alternative sources of bulk water, including an allocation of bulk grey-water from the local municipality. The Platreef Project's electricity requirement for a four-million-tonne-per-year underground mine, concentrator and associated infrastructure has been estimated at approximately 100 million volt-amperes. An agreement has been reached with Eskom for the supply of phase-one power. Ivanhoe chose a self-build option for permanent power that will enable the company to manage the construction of the distribution lines from Eskom's Burutho sub-station to the Platreef Mine. The formulation of the self-build and electrical supply agreements are in progress. Work is progressing well on the further implementation of Ivanhoe's Social and Labour Plan (SLP), to which the company has pledged a total of R160 million ($11 million) during the first five years, until November 2019. The approved plan includes R67 million ($4 million) for the development of job skills among local residents and R88 million ($6 million) for local economic development projects. Additional internal training is ongoing to provide members of the current workforce with opportunities to expand their skills. Ivanplats recently concluded a one-year deal with the National Union of Mineworkers (NUM) for annual wage increases without any labour disruption or work stoppage during negotiations. The Kipushi copper-zinc-germanium-lead mine, in the Democratic Republic of Congo, is adjacent to the town of Kipushi and approximately 30 kilometres southwest of Lubumbashi. It is located on the Central African Copperbelt, approximately 250 kilometres southeast of the Kamoa-Kakula Project and less than one kilometre from the Zambian border. Ivanhoe acquired its 68% interest in the Kipushi Project in November 2011; the balance of 32% is held by the state-owned mining company, La Générale des Carrières et des Mines (Gécamines). The Kipushi Project achieved a total of 4,674,445 work hours free of lost-time injuries, equivalent to 1,512 days, to the end of Q3 2016. Malaria remains the most frequently occurring health concern at Kipushi; in Q3 2016, there was an average of 15 cases each month among employees, which is above the dry-season norm. In an effort to reduce the incidence of malaria in the Kipushi community, a Water Sanitation and Health (WASH) program has been initiated in cooperation with the Territorial Administrator and the local community. The main emphasis of the program's first phase is cleaning storm drains in the municipality to prevent the accumulation of ponded water, where malarial mosquitos breed. The Fionet program to combat malaria has distributed 150 Deki electronic readers in addition to the original 37 readers provided to medical-service providers in Lualaba and Haut-Katanga provinces. The Deki technology provides automated reading of Rapid Diagnostic Tests to remove the human-error factor and prescription of unnecessary medication and uploads data to a cloud server for analysis by the Ministry of Health in planning malaria-control measures. Data gathered up until September 30, 2016, indicate that 18,818 patients have been tested using the Deki reader, with more than half those testing negative for malaria. The Kipushi Mine, which had been placed on care and maintenance in 1993, flooded in early 2011 due to a lack of pump maintenance over an extended period. At its peak, water reached 851 metres below the surface. A major milestone was reached in December 2013 when Ivanhoe restored access to the mine's principal haulage level at 1,150 metres below the surface. Since then, crews have been upgrading underground infrastructure to permanently stabilize the water levels. Since completion of the drilling program, water levels have been lowered to approximately the 1,245-metre-level in Shaft 5. Engineering work has focused on upgrading of Shaft 5 conveyances and infrastructure, cleaning the shaft bottom to facilitate the installation of new hoist ropes, repairs and upgrades to the hoisting infrastructure and cleaning and stripping of the main pump station at the 1,200-metre-level. To view Figure 3. Connecting discharge pipes to one of five pumps on the 1,200-metre-level, please visit the following link: http://media3.marketwire.com/docs/1076002f3.jpg A pre-feasibility study (PFS) now underway will further refine the optimal development scenario for the existing underground mine at Kipushi. Orewin Pty. Ltd., of Australia, has been appointed the main contractor and Golder Associates, MDM, SRK, DRA and Grindrod have been engaged to complete various aspects of the PFS. The PFS will refine the positive preliminary economic assessment (PEA) for the redevelopment of the Kipushi Project that was announced on May 2, 2016. The PEA was prepared in compliance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Highlights of the PEA, prepared by OreWin and the MSA Group (Pty) Ltd, of Johannesburg, South Africa, include: The Kamoa-Kakula Copper Project, a joint venture between Ivanhoe Mines and Zijin Mining, is the largest copper discovery ever made on the African continent, with adjacent prospective exploration areas within the Central African Copperbelt in the Democratic Republic of Congo, approximately 25 kilometres west of the town of Kolwezi and about 270 kilometres west of Lubumbashi. Ivanhoe sold a 49.5% share interest in Kamoa Holding Limited, the company that presently owns 95% of Kamoa Copper SA, the owner of the Kamoa-Kakula Project, to Zijin Mining in December 2015 for an aggregate consideration of $412 million. In addition, Ivanhoe sold a 1% share interest in Kamoa Holding to privately-owned Crystal River Global Limited for $8.32 million - which Crystal River will pay through a non-interest-bearing, 10-year promissory note. A 5%, non-dilutable interest in the Kamoa-Kakula Project was transferred to the DRC government on September 11, 2012, for no consideration, pursuant to the DRC Mining Code. Ivanhoe also has offered to transfer an additional 15% interest to the DRC government on terms to be negotiated. Constructive and cordial negotiations over the offer are continuing between Ivanhoe Mines, Zijin and senior DRC government officials. Ivanhoe expects a mutually beneficial agreement to be achieved in the near future that will provide long-lasting, positive benefits to the DRC government and the Congolese people. Subsequent to the sales to Zijin and Crystal River, Ivanhoe owns an effective 47% of the Kamoa-Kakula Project, which will decrease to an effective 40% should the additional 15% interest be transferred to the DRC government. Kamoa-Kakula already ranks among the 10 largest copper deposits in the world. On October 12, 2016, an initial Mineral Resource estimate for the extremely-high-grade Kakula Discovery was issued with an effective date of October 9, 2016. The combined Kamoa-Kakula Indicated Mineral Resources now total 944 million tonnes grading 2.83% copper, containing 58.9 billion pounds of copper at a 1.0% copper cut-off grade and a minimum thickness of three metres. Kamoa-Kakula now also has Inferred Mineral Resources of 286 million tonnes grading 2.31% copper and containing 14.6 billion pounds of copper, also at a 1.0% copper cut-off grade and a minimum thickness of three metres. The mining portion of the feasibility study for a four-million-tonne-per-annum (4 Mtpa) mine at Kansoko Sud is progressing well; the work is being carried out by a number of specialist consultants, including Stantec for the mine, DRA for the underground engineering, KGHM Cuprum for geotechnical and mining method, SRK for the mine geotechnical and Golder for geohydrology. With the initial Kakula Mineral Resource estimate completed, Kamoa Copper has retained OreWin, of Adelaide, Australia, to prepare a preliminary economic assessment (PEA) for the development of the Kakula Deposit. The PEA, which is expected to be completed before the end of 2016, will concentrate on establishing the economic parameters of potential mining operations at Kakula, including capital and operating costs for an underground mine. The PEA will draw on recommendations from the Kamoa 2016 pre-feasibility study, including the potential to increase production to up to four million tonnes per year from the proposed initial mining area. Recent bench-scale metallurgical flotation test work carried out at XPS Consulting and Testwork Services laboratories in Falconbridge, Canada, achieved copper recoveries of 87.8% and produced a concentrate with an extremely high grade of 56% copper using the flowsheet developed during the Kamoa pre-feasibility study. The material tested was a composite of recent, chalcocite-rich Kakula drill core, assaying 8.1% copper. Kakula mineralization is characteristically bottom loaded. The Resource estimate demonstrates that opportunities exist to mine Kakula at much higher lateral and vertical cut-offs than at Kamoa's Kansoko Sud. The clear zonation and grades in the central high-grade core should provide sequencing opportunities to mine at significantly elevated grades. Health and safety remain key priorities for all people working at the Kamoa-Kakula Project, where an excellent safety record has been achieved. As of September 30, 2016, a total of 5,590,040 hours had been worked without a lost-time injury. Exploration activities lead to a substantial expansion of the Kakula Discovery On October 12, 2016 the company released the initial Resource estimate for its Kakula Discovery at the Kamoa-Kakula Project. Highlights of the initial Kakula Mineral Resource estimate, prepared by Ivanhoe Mines under the direction of Amec Foster Wheeler E&C Services Inc., of Reno, USA, in accordance with the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves are: The Kakula Mineral Resource has been defined by drilling covering a total area of 8.7 square kilometres within the larger 60-square-kilometre Kakula Exploration Area, as shown in Figure 4. The total areal extent of Indicated Resource is 4.6 square kilometres at a 1% cut-off and the areal extent of the Inferred Resource is 3.3 square kilometres at a 1% cut-off. The average dip of the mineralized zone in the Indicated Resource area is 13 degrees, while the average dip is 16 degrees in the Inferred Resource area. The high-grade copper mineralization remains open for significant expansion along trend to the northwest. The remainder of the Kakula Exploration Area remains untested (see Figure 4). The Mineral Resource estimate is based on the results from approximately 24,000 metres of drilling in 65 holes. An additional 13 holes totalling more than 7,000 metres have been completed and assay results are pending. Indicated Resources are defined when the drill-hole spacing approximates a 400-metre grid, while Inferred Resources are defined when the drill-hole spacing approximates an 800-metre grid. To view Figure 4. Kamoa-Kakula Project map showing location of Kakula exploration and initial Kakula Resource outline, please visit the following link: http://media3.marketwire.com/docs/1076002f4.jpg Kakula's estimated Resources are in addition to the Mineral Resources delineated elsewhere on the Kamoa mining licence that were disclosed by Ivanhoe Mines in a news release on February 23, 2016. The combined Kamoa-Kakula Indicated Mineral Resources now total 944 million tonnes grading 2.83% copper, containing 58.9 billion pounds of copper at a 1.0% copper cut-off grade and a minimum true thickness of three metres. Kamoa-Kakula now also has Inferred Mineral Resources of 286 million tonnes grading 2.31% copper and containing 14.6 billion pounds of copper, also at a 1.0% copper cut-off grade and a minimum true thickness of three metres. Exploration activities lead to significant expansion of the Kakula Discovery and a substantial increase in the planned scope of exploration activities for 2016 and 2017 During Q3 2016, a total of 19,418 metres of exploration drilling was completed at the new Kakula Discovery. A total of 17,702 metres was completed by the drilling contractor, Titan Drilling SARL, utilizing up to six drill rigs; an additional 1,716 metres was completed using company-owned drill rigs. Included in the drilling program were holes drilled for geotechnical studies as well as PQ drill holes for comminution test work. In addition to the exploration program, 185 metres were completed for dewatering of the Kansoko Sud declines. A total of 220 metres was completed by Titan Drilling for cover drilling within the declines ahead of the mine development. This program is planned to continue for the duration of the decline development. Drilling for 2016 now totals 33,443 metres. As a result of the ongoing success of the Kakula drilling program and the extension along trend of the central, high-grade, chalcocite-rich core to the northwest and southeast at relatively shallow depths, the Kakula drilling program was expanded in Q2 by an additional 9,000 metres, to a total of 34,000 metres. With the completion of the initial Mineral Resource estimate and the significance of the discovery now firmly established, the Kakula exploration program has been significantly expanded by a further 60,000 metres. The expanded program is planned to run through to the end of Q2 2017 and will consist of infill drilling, resource expansion and exploration of the Kakula Discovery area. The expanded drill program will be completed by a combination of contractor drilling and company-owned rigs. Byrnecut Underground Congo SARL progressed well with the decline development at Kansoko during Q3 2016 and is advancing ahead of schedule. The twin declines, incorporating both a service and a conveyor tunnel, each have advanced more than 365 metres. To view Figure 5. Kansoko box-cut sump being cleaned and equipped, please visit the following link: http://media3.marketwire.com/docs/1076002f5.jpg Development of the underground mine is designed to reach the high-grade copper mineralization at the Kansoko Sud deposit during the first quarter of 2017. The development is ahead of schedule and within budgeted costs. During the quarter, the settling and clean-water dams were constructed and equipped, and the first cross-cut between the declines was blasted. The box-cut sump also was cleaned and equipped with permanent pumps and a pump column. To view Figure 6. Underground loading operation, please visit the following link: http://media3.marketwire.com/docs/1076002f6.jpg In parallel with the Kamoa 2016 PFS, an alternative mining method - controlled-convergence room-and-pillar mining, developed by Poland-based KGHM - was investigated for potential use on the Kansoko deposits. Given the thick, mineralized widths encountered to date in the Kakula drilling program, controlled-convergence room-and-pillar mining also will be investigated for potential use at Kakula. To help advance the ongoing exploration and development of the Kakula Deposit, the Kamoa engineering team has identified a possible location for a box cut at Kakula. The design of the box cut is underway and the preparation of tender documents for the excavation, support and civil works is underway. A 10-kilometre road from the Kamoa mine site to Kakula is under construction to facilitate access for drill rigs and construction equipment during the rainy season. To view Figure 7. The new Kakula access road under construction, please visit the following link: http://media3.marketwire.com/docs/1076002f6.jpg The Mwadingusha Unit 1 repair work was completed in August 2016 and the official inauguration ceremony took place on September 7, 2016, at the Mwadingusha power station. The Mwadingusha G1 unit, supplying 11MW, was synchronized to the national interconnected grid on September 6, 2016. The following table summarizes selected financial information for the prior eight quarters. Ivanhoe had no operating revenue in any financial reporting period and did not declare or pay any dividend or distribution in any financial reporting period. Review of the three months ended September 30, 2016 vs. September 30, 2015 The company's total comprehensive loss for Q3 2016 of $0.6 million was $12.3 million lower than for the same period in 2015 ($12.9 million). The decrease mainly was due to exchange gains on translation of foreign operations recognized in Q3 2016 of $10.8 million resulting from the strengthening of the South African Rand by 10% from June 30, 2016, to September 30, 2016. Finance income increased by $7.0 million in Q3 2016 when compared to the same period in 2015 and mainly included interest earned on loans to the Kamoa joint venture that amounted to $4.2 million and deemed income on the purchase price receivable from the partial sale of the Kamoa-Kakula Project that amounted to $2.3 million. Exploration and project expenditures for the three months ending September 30, 2016, amounted to $7.8 million and were $0.8 million less than for the same period in 2015 ($8.6 million). With the focus at the Platreef Project on development, and the Kamoa-Kakula Project being accounted for as a joint venture, $7.5 million of the total $7.8 million exploration and project expenditure related to the Kipushi Project. Expenditure at the Kipushi Project decreased by $0.4 million compared to the same period in 2015. Review of the nine months ended September 30, 2016 vs. September 30, 2015 The company's total comprehensive loss of $17.7 million for the nine months ended September 30, 2016, was $28.7 million lower than for the same period in 2015 ($46.4 million). The decrease was due to exchange gains on translation of foreign operations of $10.4 million recognized in the first nine months of 2016 compared to an exchange loss on translation of foreign operations of $11.7 million for the same period in 2015. The increase in finance income of $22.1 million, together with a $7.6 million decrease in exploration and project expenditure, also contributed to the decreased comprehensive loss for the period, but was partly offset by the company's share of losses from its Kamoa joint venture that amounted to $15.8 million. Finance income for the nine months ending September 30, 2016, amounted to $23.1 million, which was $22.1 million more than for the same period in 2015 ($1.0 million). The increase mainly was due to interest earned on loans to the Kamoa joint venture that amounted to $11.5 million for the nine months ending September 30, 2016, together with deemed finance income on the purchase price receivable from the partial sale of the Kamoa-Kakula Project, which amounted to $9.5 million. Exploration and project expenditures for the nine months ending September 30, 2016, amounted to $22.9 million and were $7.6 million less than for the same period in 2015 ($30.5 million). The $4.1 million retrenchment costs incurred in 2015 relating to the closure of Ivanhoe's regional exploration company in the DRC was the main reason for the decrease, together with reduced expenditure at the Kipushi Project. With the focus at the Platreef Project on development and the Kamoa-Kakula Project being accounted for as a joint venture, $22.2 million of the total $22.9 million exploration and project expenditure related to the Kipushi Project. Expenditure at the Kipushi Project decreased by $2.8 million compared to the same period in 2015. Financial position as at September 30, 2016 vs. December 31, 2015 The company's total assets decreased by $16.4 million, from $1,022.6 million as at December 31, 2015, to $1,006.2 million as at September 30, 2016. This resulted from the company utilizing its cash resources in its operations. The remaining purchase price receivable due to the company as a result of the sale of 49.5% of Kamoa Holding decreased as the company received $93.1 million from Zijin during the nine months ending September 30, 2016. The present value of the remaining consideration receivable, net of transaction costs, was $113.4 million as at September 30, 2016. Ivanhoe received $41.2 million of the remaining consideration receivable subsequent to September 30, 2016, on October 25, 2016, and the next of the two remaining installments is due on February 8, 2017. The company's investment in the Kamoa Holding joint venture increased by $43.8 million from $412.0 as at December 31, 2015, to $455.8 million as at September 30, 2016, with the current shareholders funding the operations equivalent to their proportionate shareholding interest. At Kamoa-Kakula, the focus remained on development, together with an exploration program at the Kakula Discovery. Property, plant and equipment increased by $37.7 million, with a total of $32.4 million being spent on project development and to acquire other property, plant and equipment, $29.7 million of which pertained to development costs of the Platreef Project. The company utilized $24.8 million of its cash resources in its operations and earned interest income of $2.1 million on cash balances in the nine months ended September 30, 2016; the company's portion of the Kamoa joint venture cash calls amounted to $47.1 million. The company's total liabilities decreased to $40.9 million as at September 30, 2016, from $43.8 million as at December 31, 2015. This mainly was due to the decrease in trade and other payables of $3.9 million. The company had $275.9 million in cash and cash equivalents as at September 30, 2016. Certain of the company's cash and cash equivalents, having an aggregate value of $29.1 million, are subject to contractual restrictions as to their use and are reserved for the Platreef Project. As at September 30, 2016, the company had consolidated working capital of approximately $401.9 million, compared to $424.6 million at December 31, 2015. The Platreef Project working capital is restricted and amounted to $28.8 million at September 30, 2016, and $53.2 million at December 31, 2015. Excluding the Platreef Project working capital, the resultant working capital was $373.1 million at September 30, 2016, and $371.4 million at December 31, 2015. The company believes it has sufficient resources to cover its short-term cash requirements. However, the company's access to financing always is uncertain and there can be no assurance that additional funding will be available to the company in the near future. On December 8, 2015, Zijin completed its investment in Ivanhoe's Kamoa-Kakula Copper Project. Zijin, through a subsidiary company, has acquired a 49.5% interest in Kamoa Holding for a total of $412 million in a series of payments. Ivanhoe received an initial $206 million from Zijin on December 8, 2015 and a further $41.2 million on each of March 23, 2016, July 8, 2016, and October 25, 2016; the remaining $82.4 million is scheduled to be received in two equal installments, payable every 3.5 months from the previous installment. Upon closing of the transaction, each shareholder is required to fund Kamoa Holding in an amount equivalent to its proportionate shareholding interest. The company's main objectives for 2016 at the Platreef Project remain the continuation of the phase one feasibility study and Shaft 1 construction. At Kipushi, the principal objective is the continued upgrading of mining infrastructure, now that the preliminary economic assessment has been successfully completed. At the Kamoa-Kakula Project, priorities are the continuation of drilling and the construction of the twin declines at Kamoa. The company expects to spend $14 million on further development at the Platreef Project; $8 million at the Kipushi Project; and $5 million on corporate overheads for the remainder of 2016. The company's proportionate funding of the Kamoa-Kakula Project for Q4 2016 already has been advanced in September; however, funding for Q1 2017 is expected to be advanced in December 2016. This release should be read in conjunction with Ivanhoe Mines' unaudited, condensed, consolidated interim financial statements for the three and nine months ended September 30, 2016, and Management's Discussion and Analysis (MD&A) report available at www.ivanhoemines.com and at www.sedar.com. Disclosures of a scientific or technical nature in this news release have been reviewed and approved by Stephen Torr, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Torr is not considered independent under NI 43-101 as he is the Vice President, Project Geology and Evaluation. Mr. Torr has verified the technical data disclosed in this release. Ivanhoe has prepared a current independent, NI 43-101-compliant technical report for each of the Platreef Project, the Kipushi Project and the Kamoa-Kakula Project, which are available under the company's SEDAR profile at www.sedar.com. These technical reports include relevant information regarding the effective dates and the assumptions, parameters and methods of the mineral resource estimates on the Platreef Project, the Kipushi Project and the Kamoa-Kakula Project cited in this release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this release in respect of the Platreef Project, Kipushi Project and Kamoa-Kakula Project. Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including without limitation, the timing and results of: (i) statements regarding Shaft 1 providing initial access for early underground development at the Flatreef Deposit; (ii) statements regarding the station development of Shaft 1 at the 450, 750, 850 and 950 metre levels; (iii) statements regarding the sinking of Shaft 1, including that a sinking rate of 45 metres per month is expected; statements regarding Shaft 1 reaching the planned, final depth at 980 metres below surface in 2018; (iv) statements regarding the timing of the commencement of Shaft 2 development, including that construction is to commence in 2017; (v) statements regarding the operational and technical capacity of Shaft 1; (vi) statements regarding the internal diameter and hoisting capacity of Shaft 2; (vii) statements regarding the Company's plans to develop the Platreef Mine in three phases: an initial annual rate of four million tonnes per annum (Mtpa) to establish an operating platform to support future expansions; followed by a doubling of production to eight Mtpa; and then a third expansion phase to a steady-state 12 Mtpa; (viii) statements regarding the planned underground mining methods of the Platreef Project; (ix) statements regarding peak water use of 10 million litres per day at the Platreef Project and development of the Pruissen Pipeline Project; (x) statements regarding the Platreef Project's electricity requirement of 100 million volt-amperes; (xi) statements regarding the completion of a feasibility study at the Platreef Project in the first half of 2017; (xii) statements regarding the declines having been designed to intersect the high-grade copper mineralization in the Kansoko Sud area during the first quarter of 2017; (xiii) statements regarding the timing, size and objectives of drilling and other exploration programs for 2016 and future periods; (xiv) statements regarding the expectation to have a preliminary economic assessment (PEA) of the Kakula Discovery at the Kamoa-Kakula Project completed before the end of 2016; (xv) statements regarding the implementation of Social and Labour Plan at the Platreef Project; (xvi) statements that the expanded 60,000 metres of drilling at the Kakula Discovery will run through Q2 2017; and (xvii) statements regarding expected further expenditure in 2016 of $14 million on further development at the Platreef Project; $8 million at the Kipushi Project; and $5 million on corporate overheads - as well as its proportionate funding of the Kamoa-Kakula Project for Q1 2017 expected to be advanced in December 2016. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this news release. As well, the results of the pre-feasibility study of the Kamoa-Kakula Project, the pre-feasibility study of the Platreef Project and the preliminary economic assessment of the Kipushi Project constitute forward-looking information, and include future estimates of internal rates of return, net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased development of the projects. Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula, Platreef and Kipushi Projects, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper, nickel, zinc, platinum, palladium, rhodium and gold; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements, (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; and (xiv) political factors. This news release also contains references to estimates of Mineral Resources and Mineral Reserves. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. Estimates of Mineral Reserves provide more certainty but still involve similar subjective judgements. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from the company's projects, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that ultimately may prove to be inaccurate. Mineral Resource or Mineral Reserve estimates may have to be re-estimated based on: (i) fluctuations in copper, nickel, zinc, platinum group elements (PGE), gold or other mineral prices; (ii) results of drilling; (iii) metallurgical testing and other studies; (iv) proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates and/or changes in mine plans; (vi) the possible failure to receive required permits, approvals and licenses; and (vii) changes in law or regulation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed below and under "Risk Factors", as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. Although the forward-looking statements contained in this news release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth in the "Risk Factors" section and elsewhere in the company's MD&A.


A follow-on PEA now underway will examine a potential doubling of annual production beyond the limited scenarios covered in the initial PEA The next PEA, expected in Q1 2017, will assess the potential for an 8-million-tonne-per-annum, stand-alone Kakula Mine, plus expanded, combined mining scenarios of 12 and 16 Mtpa from both the Kakula Deposit and the adjacent Kamoa Deposit's Kansoko Mine A conference call will be held December 15 to discuss the initial PEA results and the expanded-case PEA now underway Initial option for two mines producing a total of 8 Mtpa Under study: New option for one mine producing 8 Mtpa, plus expanded output options of up to 16 Mtpa from two mines Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson today welcomed the positive findings of an independent PEA for the development of the Kakula Deposit at the Kamoa-Kakula Project in the Democratic Republic of Congo. The Kamoa-Kakula Project - a joint venture between Ivanhoe Mines, Zijin Mining Group and the government of the Democratic Republic of Congo (DRC) - has been independently ranked as the world's largest high-grade copper discovery by international mining consultant Wood Mackenzie. The Kakula 2016 PEA was independently prepared by OreWin Pty. Ltd., Amec Foster Wheeler E&C Services Inc. and SRK Consulting Inc. (The same team of consulting engineers was involved in planning the development of the Oyu Tolgoi Project in Mongolia.) The Kakula 2016 PEA assesses the planned first phase of development of the Kakula Deposit - a discovery that was announced in January this year - as a 4 Mtpa underground mining and processing complex that would be known as the Kakula Phase 1 Mine at the Kamoa-Kakula Project. Incorporated within the Kakula 2016 PEA is an option for an integrated, 8 Mtpa, two-stage development scenario involving an initial mining operation at the Kakula Deposit and a subsequent, separate mining operation at the Kansoko Sud and Kansoko Centrale areas of the adjacent Kamoa Deposit, discovered in 2008, which would be known as the Kansoko Mine. A NI 43-101 technical report will be filed on SEDAR at www.sedar.com and on Ivanhoe Mines' website at www.ivanhoemines.com within 45 days of the issuance of this news release. The Kakula 2016 PEA is preliminary in nature and includes an economic analysis that is based, in part, on Inferred Mineral Resources. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would allow them to be categorized as Mineral Reserves, and there is no certainty that the results will be realized. Mineral Resources do not have demonstrated economic viability and are not Mineral Reserves. Ivanhoe Mines and Zijin Mining are continuing with the drilling program in and around the Kakula Deposit area, using six drill rigs, to expand the extent of the known mineralization and support potential upgrades in resource confidence categories. Ivanhoe Mines expects an updated resource estimate for the Kakula Deposit will be issued in the first quarter of 2017. In addition, a pre-feasibility study also is underway to enhance the findings of the Kakula 2016 PEA and to advance the project toward production. A conference call to discuss the Kakula 2016 PEA results will be held on Thursday, December 15, 2016, at 9:00AM EST (6:00AM PST / 2:00PM GMT). The conference call may be accessed by dialling +1-416-340-2216 or 1-866-223-7781 (Canada and U.S. toll-free number). Callers outside North America may check their country-specific, toll-free dial-in number at https://www.confsolutions.ca/ILT?oss=1P29R8662237781. The conference call will be archived for later playback until January 18, 2017, and may be accessed by dialling +1-905-694-9451 or 1-800-408-3053 and entering the passcode 6300478. Summary of the PEA's key results for an initial Kakula Phase 1 Mine Greatly expanded production scenario now under study as part of a new PEA could double the mining rate and is expected to further improve net present value A subsequent PEA now is underway to examine a doubling of the proposed mining rate at the Kakula Phase 1 Mine to 8 Mtpa. This next PEA is expected to be released in early 2017. Michael Gray, Ivanhoe Mines' senior mining advisor and former President and co-founder of McIntosh Engineering, will assist with the expansion studies for the Kamoa-Kakula Project. Mr. Gray has extensive experience in underground mine development and previously has worked on major projects such as San Manuel (BHP), Grasberg (Freeport Indonesia), Bingham Canyon (Rio Tinto), El Teniente (Codelco), Olympic Dam (BHP Billiton) and Oyu Tolgoi (the original Ivanhoe Mines). Given the extremely high copper grades and bottom-loaded nature of the mineralization at the Kakula Deposit, Ivanhoe Mines expects that the results of having a single, 8 Mtpa mine at the Kakula Deposit will be even better than the results of an integrated, 8 Mtpa, two-stage, two-mine development scenario. The project engineering team is targeting a life-of-mine average annual copper production scenario for a single 8 Mtpa mine at Kakula in excess of 400,000 tonnes per annum. Given that the initial capital costs for the two options examined in the Kakula 2016 PEA are the same at US$1.0 billion, it can be expected that an expansion to 8 Mtpa also will have essentially unchanged initial capital costs and, in particular, given that the expansion then could be funded from future cash flows. Based on initial metallurgical test work, the chalcocite-rich nature of the copper mineralization at the Kakula Deposit is expected to yield higher metallurgical recoveries and higher concentrate grades, which in turn are expected to reduce unit transportation costs and therefore improve financial returns. Additional expansion studies are planned for 2017 in which the project engineering team will assess higher mining rates of up to 16 Mtpa, incorporating high-grade copper mineralization from both the Kakula Deposit and the Kansoko Sud and Kansoko Centrale areas of the Kamoa Deposit. Continuing strategic discussions concerning Ivanhoe Mines and its projects are intensifying with several significant mining companies and investors across Asia, Europe, Africa and elsewhere. Several investors that have expressed interest have no material limit on the provision of capital. Ivanhoe Mines will provide further comment only if a specific transaction or process is concluded, or if further disclosure is required or deemed appropriate. There can be no assurance that the company will pursue any transaction or that a transaction, if pursued, will be completed. "Kamoa-Kakula is an incredibly disruptive, district-scale, Tier-One copper project that is still in its early days of discovery and development," said Mr. Friedland. "Kakula's high copper grades and thicknesses establish Kamoa-Kakula as the most remarkable and rapidly-growing mineral discovery with which I've been associated during my 30-plus years in the exploration business. "We've already discovered as much copper in Measured and Indicated Resources as we found with the original Ivanhoe Mines at Oyu Tolgoi, in Mongolia's South Gobi - but this time at much higher grades. Significantly, both the Kamoa and Kakula discoveries are open for future expansions. We remain focused on expediting development of Kamoa and Kakula. The engineering team has been assigned to produce an improved 8- to 10-million-tonne-per-annum study for Kakula, hopefully in time for the Mining Indaba conference in Cape Town in early February next year." Mr. Johansson added, "We will be working with our partners Zijin Mining and the DRC government to develop Kamoa-Kakula into the world's next great copper mine, generating widely shared economic benefits that will help to sustain communities, and deliver jobs and skills training, in conjunction with effective environmental management." Figure 1. Planned Kakula 2016 PEA development and infrastructure for Kakula and Kansoko mines: http://media3.marketwire.com/docs/1079994-F1.pdf The report assesses the potential development of the Kakula Deposit as a 4 Mtpa mining and processing complex. The life-of-mine production scenario schedules 82.6 million tonnes to be mined at an average grade of 5.76% copper, producing 7.5 million tonnes of high-grade copper concentrate, containing approximately 9.1 billion pounds of copper. The economic analysis uses a long-term price assumption of US$3.00/lb of copper and returns an after-tax NPV at an 8% discount rate of US$3.7 billion. It has an after-tax IRR of 38.0% and a payback period of 2.3 years. The estimated initial capital cost, including contingency, is US$1.0 billion. The capital expenditure for off-site power, which is included in the initial capital cost, includes a US$147 million advance payment to the DRC state-owned electricity company, SNEL, to upgrade two hydropower plants (Koni and Mwadingusha) to provide the Kamoa-Kakula Project with access to clean electricity for its planned operations. The upgrading work is being led by Stucky Ltd., of Switzerland, and the advance payment will be recovered through a reduction in the power tariff. Solar power and high-capacity, grid-scale battery storage of electricity under study The project team also is evaluating the installation of up to 100 megawatts of solar power and large-scale vanadium redox batteries for high-capacity storage of both solar and hydro-electric power. "It is our intention to implement new technologies in efficient, eco-friendly power generation and power storage and establish the Kamoa-Kakula Project as one of the 'greenest' mines in the world," said Mr. Friedland. Key results of the Kakula 2016 PEA for a single 4 Mtpa mine are summarized in Table 1. Table 2 summarizes the financial results and Table 3 summarizes planned mine production and processing statistics. The Kakula concentrator production is shown in Figure 3 and the concentrate and metal production is shown in Figure 4. Figure 3. Kakula Phase 1 Mine estimated concentrator production for the first 20 years: http://media3.marketwire.com/docs/1079994-F3.pdf Figure 4. Kakula Phase 1 Mine estimated concentrate and metal production for the first 20 years: http://media3.marketwire.com/docs/1079994-F4.pdf Figure 6. Target annual production and head grade for Wood Mackenzie's "highly probable" and "probable" copper concentrate projects: http://media3.marketwire.com/docs/1079994-F6.pdf Table 4 summarizes unit operating costs and Table 5 provides a breakdown of revenue and operating costs. The capital costs for the project are detailed in Table 6. Figure 8. Capital intensity for Wood Mackenzie's "highly probable" projects currently under construction: http://media3.marketwire.com/docs/1079994-F8.pdf The after-tax NPV sensitivity to metal price variation is shown in Table 7 for copper prices from US$2.00/lb to US$4.00/lb. The annual and cumulative cash flows for the combined base case and each operation are shown in Figure 9. Figure 9. Kakula Phase 1 Mine projected cumulative cash flow for the first 20 years: http://media3.marketwire.com/docs/1079994-F9.pdf Alternative 8 Mtpa development scenario for the Kakula and Kamoa deposits The Kakula 2016 PEA also assesses the development of the Kakula and Kamoa deposits as an integrated, 8 Mtpa mining and processing complex. This scenario envisages the construction and operation of two separate facilities: the Kakula Phase 1 Mine on the Kakula Deposit and the Kansoko Mine on the Kansoko Sud and Kansoko Centrale areas of the Kamoa Deposit. Each operation is expected to be a separate underground mine with an associated processing facility and surface infrastructure. Summary of the PEA's key results for the alternative 8 Mtpa development scenario Key results of this alternative development scenario are summarized in figures 11 & 12 and Table 8. Figure 11. Kakula Phase 1 Mine & Kansoko Mine concentrator production for the first 20 years: http://media3.marketwire.com/docs/1079994-F11.pdf Figure 12. Kakula Phase 1 Mine & Kansoko Mine concentrate and metal production for the first 20 years: http://media3.marketwire.com/docs/1079994-F12.pdf The Kamoa-Kakula Project is a very large, stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, located approximately 25 kilometres west of the town of Kolwezi and about 270 kilometres west of Lubumbashi. The Kamoa copper deposit was discovered by Ivanhoe Mines (then named Ivanhoe Nickel & Platinum) in 2008 and the Kakula Deposit in early 2016. In August 2012, the DRC government granted mining licences to Ivanhoe Mines for the Kamoa-Kakula Project that cover a total of 400 square kilometres. The licences are valid for 30 years and can be renewed at 15-year intervals. Mine development work at the project began in July 2014 with construction of a box cut for the decline ramps for the Kansoko Mine that will provide underground access to the high-grade mining areas in Kansoko Sud and Kansoko Centrale. Following the recently signed agreement with the DRC government, Ivanhoe Mines and Zijin Mining each hold an indirect 39.6% interest in the Kamoa-Kakula Project, Crystal River Global Limited (Crystal River) holds an indirect 0.8% interest and the DRC Government holds a direct 20% interest. In addition, Ivanhoe Mines, Zijin Mining and Crystal River have recently amended their Shareholder, Governance and Option Agreement that originally became effective on December 8, 2015, and under which their relationship in the Kamoa-Kakula Project is governed, to, among other things, codify the operation of the project committee and the management of the DRC subsidiary, Kamoa Copper SA, so that the agreement is consistent with existing, on-the-ground practice. The amendments also clarify that if Ivanhoe Mines arranges project financing for 65% of the capital required to develop the first phase of the Kamoa-Kakula Project, then Ivanhoe Mines will be entitled to acquire the indirect 0.8% interest in the Kamoa-Kakula Project held by Crystal River for a price equal to the then current market value of that interest as determined by an independent expert valuator. The acquisition of Crystal River's indirect 0.8% interest in the Kamoa-Kakula Project would give Ivanhoe Mines majority control of Kamoa Holding Limited (the entity that presently owns 80% of the Kamoa-Kakula Project). Zijin Mining already had committed to use its best efforts to arrange or procure project financing for 65% of the capital required to develop the first phase of the Kamoa-Kakula Project, as set out in a feasibility study, without any recourse, and on terms acceptable to Ivanhoe Mines. In the event Ivanhoe Mines and Zijin Mining cannot agree on project financing, the matter will be referred to binding arbitration in Hong Kong. At the request of Ivanhoe Mines and Zijin Mining and subject to the satisfaction of the applicable conditions, the DRC will provide its assistance in obtaining the advantages contemplated by the DRC's special law - No. 14/005, enacted to facilitate Sino-Congolese cooperation - relating to the tax, customs, parafiscal tax, non-tax revenues and currency exchange regime applicable to cooperation projects. Indicated and Inferred Mineral Resources for the Kakula Deposit have an effective date of October 9, 2016. Indicated and Inferred Mineral Resources for the Kamoa Deposit have an effective date of May 5, 2014. Mineral Resources are summarized in Table 9 and are reported on a 100% basis. Table 9. Consolidated Mineral Resource statement, Kamoa-Kakula Project, at a 1% copper cut-off over minimum thickness of 3 metres. The Kakula Deposit remains open along a northwesterly-southeasterly strike and there is considerable potential for resource expansion. High-grade copper mineralization has been outlined along a corridor that is currently approximately one kilometre wide and at least four kilometres in length. This high-grade corridor lies within an area of 8.7 square kilometres over which resources have been delineated. Given the outstanding success to date in delineating high-grade copper resources, the Kakula drilling program has been expanded by 60,000 metres and will continue unabated into 2017. Mining methods in the Kakula 2016 PEA are assumed to be a combination of controlled-convergence room-and-pillar mining and room-and-pillar mining with hydraulic fill. At the Kakula Phase 1 Mine, the room-and-pillar mining method with hydraulic fill was selected to maximize the extraction of the Mineral Resource where the selected mining height is greater than six metres and two or three mining lifts are required to achieve maximum extraction. At the planned Kansoko Mine, in the Kansoko Sud and Centrale areas, only the controlled-convergence room-and-pillar mining method is required as the mining height is six metres or less. The design for the Kansoko Sud and Centrale mining areas is based on the 2016 Kamoa pre-feasibility study mine design, which includes a service decline and a conveyor decline. The production rate envisaged in the Kakula 2016 PEA increased to 4 Mtpa compared to 3 Mtpa outlined in the 2016 Kamoa pre-feasibility study. At Kakula, the Kakula Deposit similarly is accessed by twin declines and the Kakula Phase 1 Mine also has a productive mining rate of 4 Mtpa. Controlled-convergence room-and-pillar mining does not require cemented backfill and instead pillars are stripped to allow the controlled convergence of the backs and floors of the mine; this is a productive method that provides very good extractive rates at relatively low costs. The controlled-convergence room-and-pillar mining method has been successfully implemented by KGHM at its copper-mining operations in Poland for the past 20 years. Ivanhoe Mines engaged KGHM Cuprum R&D Centre Ltd. to study the applicability of this method to Kamoa. The results of the study indicate that the Kamoa Deposit is suited to the application of the controlled-convergence room-and-pillar mining method. Between 2010 and 2015, a series of metallurgical test work programs were completed on drill-core samples of known Kamoa copper mineralization. These investigations focused on metallurgical characterization and flow-sheet development for the processing of hypogene and supergene copper mineralization. Bench-scale metallurgical flotation test work, carried out at XPS Consulting and Testwork Services laboratories in Falconbridge, Ontario, Canada, has shown positive results. This test work was conducted on composite samples of drill core from the Kansoko Sud and Kansoko Centrale areas in the southern part of the Kamoa Mineral Resource area. Test work on a composite grading 3.61% copper produced a copper recovery of 85.4% at a concentrate grade of 37.0% copper. The second composite, grading 3.20% copper, produced a copper recovery of 89.2% at a concentrate grade of 35.0% copper using the same flowsheet. Additional bench-scale metallurgical flotation test work was carried out in 2016 on two chalcocite-rich composites from the Kakula Deposit at a Zijin Mining laboratory and by XPS Consulting and Testwork Services. The initial composite, grading 4.1% copper, produced a copper recovery of 86% at a concentrate grade of 53% copper at a Zijin Mining laboratory in July 2016. The second composite, grading 8.1% copper, produced a recovery of 87% at an extremely high concentrate grade of 56% copper. The flotation tests were conducted using the circuit developed during the 2016 Kamoa pre-feasibility study. Average arsenic levels in the concentrate were measured to be approximately 0.02%, which is significantly lower than the limit of 0.5% imposed by Chinese smelters. Extremely low arsenic levels in concentrate are expected to attract a premium from copper-concentrate traders. The concentrator design incorporates a run-of-mine stockpile, followed by primary and secondary crushing on surface. The crushed material with a design-size distribution of 80% passing (or p80) nine millimetres (mm), is fed into a two-stage ball-milling circuit for further size reduction to a target grind size p80 of 53 micrometres. The milled slurry will be passed through a rougher and scavenger. The high-grade, or fast-floating rougher concentrate, and medium-grade, or slow-floating scavenger concentrate, will be collected separately. The rougher concentrate is upgraded in two stages to produce a high-grade concentrate. The medium-grade scavenger concentrate and tailings from the two rougher cleaning stages, representing approximately 25% of the feed mass, will be combined and re-ground to a p80 of 10 micrometres before being cleaned in two stages. The cleaned scavenger concentrate then will be combined with the cleaned rougher concentrate to form the final concentrate. The final concentrate will be thickened before being pumped to the concentrate filter where the filter cake then will be bagged for shipment to market. Electrical power for the Kamoa-Kakula Project is planned to be sourced on a priority basis from the DRC national grid in return for the financing of the rehabilitation of three hydropower plants: Koni, Mwadingusha and Nzilo. A financing agreement with SNEL has been finalized for upgrading these plants to secure a long-term, clean, sustainable power supply to meet the requirements of the Kamoa-Kakula Project. The Kakula 2016 PEA's estimated initial capital cost of US$1.0 billion includes a US$147 million advance payment to SNEL to upgrade two of the hydropower plants, Koni and Mwadingusha, to provide the Kamoa-Kakula Project with hydroelectric power for its operations. The upgrading work is being led by Stucky Ltd. and the advance payment will be recovered through a reduction in the power tariff. The Kamoa-Kakula Project initially will be powered by existing capacity on the national grid, until upgrading work on the hydropower plants has been completed. The upgrading work on the first of six generators at the Mwadingusha hydropower plant was completed in August 2016 and the plant began supplying 11 megawatts of electricity to the national interconnected grid in September. The Kamoa-Kakula Project began drawing power from the national grid in October 2016. A phased logistics solution is proposed in the Kakula 2016 PEA. Initially, the corridor between southern DRC and Durban in South Africa is viewed as the most attractive and reliable export route. As soon as the railway between Kolwezi and Dilolo, a town near the DRC-Angolan border, is upgraded, the Kamoa-Kakula Project's production is expected to be transported by rail to the Atlantic port of Lobito in Angola. In addition, there is the potential to negotiate off-take arrangements with smelters in Zambia. The following companies have undertaken work in preparation of the Kakula 2016 PEA: The independent Qualified Persons responsible for preparing the Kakula 2016 PEA, on which the technical report will be based are Bernard Peters (OreWin); Dr. Harry Parker (Amec Foster Wheeler); Gordon Seibel (Amec Foster Wheeler); John Edwards (MDM/Amec Foster Wheeler); and William Joughin (SRK). Each Qualified Person has reviewed and approved the information in this news release relevant to the portion of the Kakula 2016 PEA for which they are responsible. Other scientific and technical information in this news release has been reviewed and approved by Stephen Torr, P.Geo., Ivanhoe Mines' Vice President, Project Geology and Evaluation, a Qualified Person under the terms of National Instrument 43-101. Mr. Torr has verified the technical data disclosed in this news release. Wood Mackenzie provided data based on public disclosure of comparable copper projects for the compilation of certain figures used in this release; however, Wood Mackenzie did not review the Kakula 2016 PEA. A NI 43-101 technical report will be filed on SEDAR at www.sedar.com and on Ivanhoe Mines' website at www.ivanhoemines.com within 45 days of the issuance of this news release. The Kakula 2016 PEA assumes changes to the project production rate for both mining and processing of the Kamoa Mineral Resources and that a separate mine and processing plant is to be constructed at Kakula. The Kamoa 2016 PFS Mineral Reserve remains valid and is the current Mineral Reserve for the Kamoa-Kakula Project. The Mineral Reserve has an effective date of March 29, 2016 and has been estimated by Qualified Person Bernard Peters, Technical Director - Mining, OreWin Pty. Ltd. using the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves to conform to the Canadian NI 43-101 Standards of Disclosure for Mineral Projects. The Mineral Reserve is based on the planned Kansoko Mine operation at a production rate of 3 Mtpa and is entirely a Probable Mineral Reserve that was converted from Indicated Mineral Resources. Amec Foster Wheeler reviewed the sample chain of custody, quality assurance and control procedures, and qualifications of analytical laboratories. Amec Foster Wheeler is of the opinion that the procedures and QA/QC control are acceptable to support Mineral Resource estimation. Amec Foster Wheeler also audited the assay database, core logging and geological interpretations on a number of occasions between 2009 and 2015 and has found no material issues with the data as a result of these audits. In the opinion of the Amec Foster Wheeler Qualified Persons, the data verification programs undertaken on the data collected from the Kamoa-Kakula Project support the geological interpretations. The analytical and database quality and the data collected can support Mineral Resource estimation. Ivanhoe Mines maintains a comprehensive chain of custody and QA/QC program on assays from its Kamoa-Kakula Project. Half-sawn core is processed at its on-site preparation laboratory in Kamoa, prepared samples then are shipped by secure courier to Bureau Veritas Minerals (BVM) Laboratories in Australia, an ISO17025 accredited facility. Copper assays are determined at BVM by mixed-acid digestion with ICP finish. Industry-standard certified reference materials and blanks are inserted into the sample stream prior to dispatch to BVM. For detailed information about assay methods and data verification measures used to support the scientific and technical information, please refer to the current technical report on the Kamoa-Kakula Project on the SEDAR profile of Ivanhoe Mines at www.sedar.com. Ivanhoe Mines is advancing its three principal projects in Sub-Saharan Africa: Mine development at the Platreef platinum-palladium-gold-nickel-copper discovery on the Northern Limb of South Africa's Bushveld Complex; mine development and exploration at the Kamoa-Kakula Project on the Central African Copperbelt in the DRC; and upgrading at the historic, high-grade Kipushi zinc-copper-lead-germanium mine, also on the DRC's Copperbelt. For details, visit www.ivanhoemines.com. Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including without limitation: (i) the results of the preliminary economic assessment; (ii) the use of the controlled convergence room-and-pillar mining method; (iii) the expectation that concentrate with extremely low arsenic levels will attract a premium from traders; (iv) the expectation that the Kamoa-Kakula Project's production is to be transported by rail to the port of Lobito once the the railroad between Kolwezi and Dilolo is rehabilitated; (v) the timing, results and completion of future studies, including an expansion study to double the planned mining rate of the Kakula Phase 1 Mine to 8 Mtpa and an expansion to higher mining rates of up to 16 Mtpa, (vi) the potential that Ivanhoe Mines will be entitled to acquire Crystal River Global's indirect 0.8% interest in the Kamoa-Kakula Project, (vii) the completion of 60,000 metres of additional Kakula drilling into 2017, (viii) the expectation that the advance payment to SNEL will be recovered through a reduction in the power tariff, (ix) the expectation that the refurbished Koni and Mwadingusha hydroelectric plants will provide power to the Kamoa-Kakula Project, and (x) the expectation that an updated Mineral Resource estimate for the Kakula deposit will be completed in Q1 2017. Such statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Ivanhoe Mines, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Ivanhoe Mine's current expectations regarding future events, performance and results and speak only as of the date of this news release. As well, all of the results of the 2016 Kakula preliminary economic assessment constitute forward-looking information, including estimates of internal rates of return (including an after tax internal rate of return of 38.0% with a payback period of 2.3 years), net present value (including a project NPV of US$4.7 billion at an 8% discount rate in a two mine Kamoa and Kakula integrated development scenario and US$3.7 billion at an 8% discount rate in the initial Kakula Phase 1 Mine option), future production (including an average annual production rate of 209,000 tonnes of copper during the first five years of operations and peak production of 262,000 tonnes in year three in the initial Kakula Phase 1 Mine option), estimates of cash cost (including average mine-site cash cost of US$0.37/lb during the first ten years of operations), assumed long term price for copper of US$3.00 per pound, proposed mining plans and methods (including the potential to use the controlled convergence room-and-pillar mining method), mine life estimates, cash flow forecasts, metal recoveries, production of copper concentrate in excess of 50% copper with extremely low arsenic levels, and estimates of capital and operating costs (including initial capital costs of US$1.0 billion in either option considered in the Kakula 2016 PEA). Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula Project, Ivanhoe Mines has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include among others: (i) the adequacy of infrastructure (including the rehabilitation of the Koni, Mwadingusha and Nzilo 1 hydroelectric power plants); (ii) unforeseen changes in geological characteristics; (iii) changes in the metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the size of future processing plants and future mining rates, (viii) the cost of consumables and mining and processing equipment; (ix) unforeseen technological and engineering problems; (x) accidents or acts of sabotage or terrorism; (xi) currency fluctuations; (xii) changes in laws or regulations; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) political factors, including political stability; (xvi) the potential application of the DRC's special law - No. 14/005, enacted to facilitate Sino-Congolese cooperation to the Kamoa-Kakula Project; and (xvii) the completion of the railway upgrade between Kolwezi and Dilolo. This release also contains references to estimates of Mineral Resources and Mineral Reserves. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from the Kamoa-Kakula Project, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource or Mineral Reserve estimates may have to be re-estimated based on: (i) fluctuations in copper price; (ii) results of drilling, (iii) metallurgical testing and other studies; (iv) proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses or changes to existing mining licences. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed here, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Mines and its subsidiaries to perform as agreed; social, political or labour unrest; changes in commodity prices (and copper in particular); limitations and availability of capital; and the failure of exploration programs or studies to deliver anticipated results (including the actual results of drilling and exploration activities), or results that would justify and support continued exploration, studies, development or operations. Although the forward-looking statements contained in this release are based upon what management of Ivanhoe Mines believes are reasonable assumptions, Ivanhoe Mines cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, Ivanhoe Mines does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release. Ivanhoe Mine's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth in the "Risk Factors" section and elsewhere in the Ivanhoe Mines' most recent Management's Discussion and Analysis report and Annual Information Form, available at www.sedar.com.


News Article | November 15, 2016
Site: www.newsmaker.com.au

Notes: Sales, means the sales volume of Copper Revenue, means the sales value of Copper This report studies sales (consumption) of Copper in Global market, especially in United States, China, Europe, Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Aurubis Jiangxi Copper KME Group SpA Hailiang Group Wireland Golden Dragon Jintian Group Jinchuan Group Mueller Ind IUSA Marmon Wolverine Tube Poongsan MKM GB Holding TNMG Luvata CHALCO Mitsubishi Materials Diehl Group KGHM Furukawa Electric Xingye Copper CNMC HALCOR Group Valjaonica bakra Sevojno ChangChun Group IBC Advanced Alloy Anhui Xinke ... Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of Copper in these regions, from 2011 to 2021 (forecast), like USA China Europe Japan Split by product Types, with sales, revenue, price and gross margin, market share and growth rate of each type, can be divided into Type I Type II Type III Split by applications, this report focuses on sales, market share and growth rate of Copper in each application, can be divided into Application 1 Application 2 Application 3 Global Copper Sales Market Report 2016 1 Copper Overview 1.1 Product Overview and Scope of Copper 1.2 Classification of Copper 1.2.1 Type I 1.2.2 Type II 1.2.3 Type III 1.3 Application of Copper 1.3.1 Application 1 1.3.2 Application 2 1.3.3 Application 3 1.4 Copper Market by Regions 1.4.1 USA Status and Prospect (2011-2021) 1.4.2 China Status and Prospect (2011-2021) 1.4.3 Europe Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.5 Global Market Size (Value and Volume) of Copper (2011-2021) 1.5.1 Global Copper Sales and Growth Rate (2011-2021) 1.5.2 Global Copper Revenue and Growth Rate (2011-2021) 2 Global Copper Competition by Manufacturers, Type and Application 2.1 Global Copper Market Competition by Manufacturers 2.1.1 Global Copper Sales and Market Share of Key Manufacturers (2011-2016) 2.1.2 Global Copper Revenue and Share by Manufacturers (2011-2016) 2.2 Global Copper (Volume and Value) by Type 2.2.1 Global Copper Sales and Market Share by Type (2011-2016) 2.2.2 Global Copper Revenue and Market Share by Type (2011-2016) 2.3 Global Copper (Volume and Value) by Regions 2.3.1 Global Copper Sales and Market Share by Regions (2011-2016) 2.3.2 Global Copper Revenue and Market Share by Regions (2011-2016) 2.4 Global Copper (Volume) by Application Figure Picture of Copper Table Classification of Copper Figure Global Sales Market Share of Copper by Type in 2015 Figure Type I Picture Figure Type II Picture Table Applications of Copper Figure Global Sales Market Share of Copper by Application in 2015 Figure Application 1 Examples Figure Application 2 Examples Figure USA Copper Revenue and Growth Rate (2011-2021) Figure China Copper Revenue and Growth Rate (2011-2021) Figure Europe Copper Revenue and Growth Rate (2011-2021) Figure Japan Copper Revenue and Growth Rate (2011-2021) Figure Global Copper Sales and Growth Rate (2011-2021) Figure Global Copper Revenue and Growth Rate (2011-2021) Table Global Copper Sales of Key Manufacturers (2011-2016) Table Global Copper Sales Share by Manufacturers (2011-2016) Figure 2015 Copper Sales Share by Manufacturers Figure 2016 Copper Sales Share by Manufacturers Table Global Copper Revenue by Manufacturers (2011-2016) Table Global Copper Revenue Share by Manufacturers (2011-2016) Table 2015 Global Copper Revenue Share by Manufacturers Table 2016 Global Copper Revenue Share by Manufacturers Table Global Copper Sales and Market Share by Type (2011-2016) Table Global Copper Sales Share by Type (2011-2016) Figure Sales Market Share of Copper by Type (2011-2016) Figure Global Copper Sales Growth Rate by Type (2011-2016) Table Global Copper Revenue and Market Share by Type (2011-2016) Table Global Copper Revenue Share by Type (2011-2016) Figure Revenue Market Share of Copper by Type (2011-2016) Figure Global Copper Revenue Growth Rate by Type (2011-2016) FOR ANY QUERY, REACH US @   Copper Sales Global Market Research Report 2016


Grant
Agency: GTR | Branch: NERC | Program: | Phase: Research Grant | Award Amount: 468.52K | Year: 2015

Cobalt is an essential element for modern world. Its use in metal alloys, rechargeable batteries, electronics and high-value chemicals make it critical for a low-carbon society. Cobalt has the largest global market value of any of the individual e-tech elements (US$2.1 billion in 2013). Cobalt is largely recovered as a by-product from the mining of other major metals and as a result, cobalt has not been the focus of study in ore-forming systems on its own. To address this knowledge gap we propose a systematic geological, geochemical and mineralogical approach to understanding the residence of cobalt in a range of important current and future ore minerals in diverse geological environments. A specific focus for this study are deposits forming in the Critical Zone of the Earths crust where biological activity and weathering coincide and where cobalt is redistributed into forms where innovative bioleaching could change the way deposits are processed. Using new knowledge gained from the study of natural biological systems, advanced bioleaching techniques will be systematically applied to a range of deposits formed in the Critical Zone. Bioleaching also has great potential for reduced, sulfide-rich ores, particularly complex sulfide and often arsenic-rich ore-types where significant bioleaching has not yet been tested. This COG3 proposal builds on our catalyst grant which developed a multi-institute and multi-investigator consortium with internationally recognised expertise across the geosciences including geology, geochemistry, mineralogy, microbiology and bioprocessing based in leading UK academic institutes: Herrington (NHM), Schofield (NHM), Johnson (Bangor), Lloyd (Manchester), Pattrick (Manchester), Coker (Manchester), Roberts (Southampton), Gadd (Dundee), Glass (Exeter), Mosselmans (Diamond) and Kirk (Loughborough), with in-depth expertise on geology, geometallurgy and geomicrobiology applicable to developing recovery strategies for cobalt from natural deposits. This group is underpinned by the Partners including the major mining companies Glencore, FQML and KGHM; a mid-tier European-based mining company Oriel; a junior UK-based mining SME Brazilian Nickel, an internationally accredited commercial research laboratory RPC and finally the Cobalt Development Institute representing the cobalt industry throughout the supply chain. They have all pledged to engage with the project, some through direct involvement in research activities, some with financial support for research and training and others by facilitating access to natural deposits and datasets. Further support comes from research colleagues at CSIRO in Australia. Specific research will be delivered through a series of work packages which will address: 1) Geology and mineralogy of cobalt in natural systems; 2) Natural biogeochemistry of cobalt; 3) Bioprocessing of cobalt and development of new products; 4) Improving the cobalt supply chain through integrated studies and dialogue with stakeholders representing the supply chain. This research directly addresses the NERC Security of Supply of Mineral Resources (SoS Minerals) initiative Goals 1 & 2 with a fundamental aim to recognise the mineral residence and chemical cycle of cobalt (Goal 1) and provide geometallurgical information that will facilitate new opportunities for improvements to current recovery, minimising waste through geometallurgy; and thoroughly testing innovative, benign bioleach technologies for the extraction and downstream bioengineering of novel cobalt products (Goal 2). Through the collaboration of the PIs, Co-Pis, Partners and the development of PDRAs and PhDs, the program will produce high impact scientific publications for the international literature, highly significant public outreach and education on behalf of the NERC SoS programme and establish the UK COG3 consortium as a world leader in research into innovative cobalt recovery from natural mineral deposits.


News Article | March 2, 2017
Site: www.marketwired.com

KAMLOOPS, BC--(Marketwired - March 02, 2017) - The Stk'emlúpsemc te Secwépemc Nation ("SSN") has taken a historic step in self-determination through conducting our own independent assessment of the KGHM-Ajax Mine Project in accordance with SSN laws and governance, and which respect our SSN cultural perspectives, knowledge and history. We are occupying the Environmental Assessment field with Secwepemc Laws, governance, traditional knowledge and process. We will be sharing the outcome of this significant exercise in self-governance with our two communities and the greater public. Media are invited to witness and record the Decision Release as well as interview key people at the wrap up end of formal programing at noon


News Article | November 29, 2016
Site: www.reuters.com

WARSAW (Reuters) - The final death toll of an earth tremor causing rockfalls deep underground in Europe's largest copper mine in southwestern Poland rose to eight miners, the mine's operator KGHM said on Wednesday.


News Article | February 21, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 21, 2017) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) announces that the Board of Directors has approved the issuance of 5,775,000 stock options to directors, employees and consultants of the Company. The stock options, provided under the Company's approved stock option plan, are exercisable at a price of $0.07 per share for a period of five years from the date of grant, and are subject to regulatory policies. On Behalf of the Board, ABACUS MINING & EXPLORATION CORPORATION Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% interest in the Willow copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus' projects, please refer to the Company's website at www.amemining.com. This release includes certain statements that are deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward- looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | February 15, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) announces that it has signed an option agreement ("Option Agreement") with Almadex Minerals Limited and its wholly-owned Nevada subsidiary Almadex America Inc. ("Almadex"), to acquire the exclusive right and option to earn, in the aggregate, up to a 75% undivided ownership interest in the Willow Property located in Douglas County of Nevada, USA ("Property"). The Option Agreement provides for Abacus to earn an initial 60% ownership interest ("60% Option Interest") in the Property, whereupon an additional 15% interest ("Additional Interest") may be acquired, following which a joint venture agreement between Abacus and Almadex will be established to jointly develop the Property. The 10,252-hectare Willow property is located approximately 65 km southeast of Reno, Nevada and 13 km due west of Yerington, Nevada, in the Buckskin Mountain Range. It has year-round access via a series of four-wheel drive tracks linking secondary gravel roads skirting the claims, which lead to nearby paved roads. The Property was explored in the 1960s to the early 1980s to identify a porphyry copper deposit analogous to the nearby Yerington Mine which produced approximately 1.6 billion pounds of copper from 1952 to 1978. Past operators used the same model at Willow to drill a series of shallow vertical drill holes, many of which intersected intense argillic alteration, and short intervals of economic copper and Cu-Mo mineralization. Very limited historical assaying was done for gold. Abacus' Chairman, President & CEO, Mike McInnis commented, "This option agreement is an important step in our strategy to diversify the Company's copper and gold portfolio which currently consists of the 20% ownership interest in the Ajax copper-gold project, currently undergoing the environmental permitting process in B.C. The Willow property, located in a region known for past copper-gold production in Nevada, would give Abacus the opportunity to advance the asset aggressively and become its majority owner-operator through the joint venture." The Property is underlain by a series of intensely argillic-phyllic altered volcanic rocks that have been protected from erosion by an overlying siliceous cap rock. The siliceous unit represents a classic lithocap marking an ancient water table, and is formed above a major hydrothermal centre. Stratigraphically above the lithocap are a succession of thin andesitic flows, rhyolites and intermediate volcanic flows. The Property was explored in the 1960s to early 1980s by Anaconda Mining, Bear Creek Mining and Conoco, in search of a porphyry copper deposit analogous to the nearby Yerington Mine, which produced approximately 1.6 billion pounds of copper (1952-1978). The Yerington deposit is hosted within a Jurassic age porphyry that is flat lying, due to post ore tilting of the rocks. Almadex completed mapping and sampling, soil geochemistry, ground IP and a deep penetrating IP survey from 2008 to 2011 which identified a very large anomaly that continues to at least 1 km in depth, coincident with a surficial Cu-Mo± Au soil anomaly. Dating of the siliceous lithocap shows these rocks to be approximately 22 Ma in age, not Jurassic (201 to 145 Ma). The lithocap is preserved sporadically throughout the Property, but it appears to form a planar, near horizontal unit. This implies that the Willow porphyry system is upright, not inclined as previously believed, the entire system has been preserved, and it is much younger in age than the Yerington and other nearby deposits. Past drilling was not oriented to test an upright model, but instead appears to have just grazed a core zone of porphyry Cu-Mo mineralization. Abacus is currently compiling and digitizing past work and plans to conduct a field program starting this spring, which is designed to augment and enhance the recent work by Almadex. It will include a program of in-fill soil geochemistry and IP geophysics, a ground magnetic survey, detailed mapping and a short program of diamond drilling. The target is a shallow, upright, preserved copper (± Mo) porphyry deposit. A secondary target is epithermal gold, which has not been systematically explored for in the past. Under the terms of the Option Agreement, which is subject to TSX Venture Exchange ("TSX-V") approval, Abacus may acquire up to a 75% interest in the Willow property in two stages: The technical information in this news release has been reviewed and approved by Paul G. Anderson, M.Sc. P.Geo., a Qualified Person within the meaning of National Instrument 43-101. On Behalf of the Board, Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax copper-gold project located at the historic Ajax-Afton site southwest of Kamloops, B.C. and an option to acquire up to a 75% interest in the Willow copper-gold property located in Nevada. The Ajax project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus' projects, please refer to the Company's website at www.amemining.com. This release includes certain statements that are deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | February 15, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) is pleased to announce a non-brokered private placement for proceeds of $1,000,000 through the issuance of 20,000,000 units ("Units") at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company (a "Unit Share") and one-half of a non-transferable common share purchase warrant, with each full warrant exercisable to purchase one common share of the Company at a price of $0.08 per common share for a period of 3 years from the date of closing of the financing. The financing is subject to TSX Venture Exchange (TSXV) approval. No finder's fees are payable on the financing, and all securities issued will be subject to a four month hold period under Canadian securities law. Upon completion of the financing, the Company will have approximately $1.95 million in its treasury. Proceeds from the financing will be applied towards the Company's exploration commitments as set out in the previously announced Option Agreement for the Willow copper-gold property located in Nevada, and general working capital and corporate purposes. Abacus also announces that it proposes to consolidate its common shares on a 6:1 basis. Including the Unit Shares to be issued pursuant to the Unit financing, and after giving effect to the proposed consolidation, Abacus will have 39,026,269 common shares issued and outstanding (fully diluted: 42,667,102 common shares). The share consolidation is subject to approval by the TSXV and by the shareholders of the Company by way of a special meeting expected to be held in the coming weeks. On Behalf of the Board, Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% interest in the Willow copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus' projects, please refer to the Company's website at www.amemining.com. This release includes certain statements that are deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward- looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | October 31, 2016
Site: www.newsmaker.com.au

This report focuses on the Copper Wire Rod in United States market. This report categorizes the market based on manufacturers, type and application. Market Segment by Applications, can be divided into Application 1 Application 2 Application 3 There are 11 Chapters to deeply display the United States Copper Wire Rod market. Chapter 2, to analyze the top manufacturers of Copper Wire Rod, with sales, revenue, and price of Copper Wire Rod, in 2015 and 2016; Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2015 and 2016; Chapter 4 and 5, to show the market of Copper Wire Rod by type and application, with sales market share and growth rate by type, application, from 2011 to 2016; Chapter 6, Copper Wire Rod market forecast, by type and application, with sales and revenue, from 2016 to 2021; Chapter 7, to analyze the Copper Wire Rod market development potential except United States, covering China, Southeast Asia, India, Latin America etc. Chapter 8, 9, 10 and 11, to describe sales channel, distributors, traders, dealers, market effect factors, appendix and data source. United States Copper Wire Rod Market by Manufacturers, Type and Application, Forecast to 2021 1 Market Overview (Market Segment, Status and Outlook) 1.1 Copper Wire Rod Introduction 1.2 United States Copper Wire Rod Market Analysis by Type 1.2.1 Telecommunications 1.2.2 Power cables 1.2.3 Building wires 1.2.4 Railways& metro railways 1.3 United States Copper Wire Rod Market Analysis by Applications 1.3.1 Application 1 1.3.2 Application 2 1.3.3 Application 3 1.4 United States Market Copper Wire Rod Overview 1.4.1 United States Copper Wire Rod Development Status and Outlook 1.4.2 Market Opportunities 1.4.3 Market Risk 1.4.4 Market Driving Force 2 Manufacturers Profiles 2.1 SUMITOMO ELECTRIC 2.1.1 Business Overview 2.1.2 Copper Wire Rod Type and Applications 2.1.2.1 Type 1 2.1.2.2 Type 2 2.1.3 SUMITOMO ELECTRIC Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.2 AURUBIS 2.2.1 Business Overview 2.2.2 Copper Wire Rod Type and Applications 2.2.2.1 Type 1 2.2.2.2 Type 2 2.2.3 AURUBIS Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.3 Mitsubishi Materials 2.3.1 Business Overview 2.3.2 Copper Wire Rod Type and Applications 2.3.2.1 Type 1 2.3.2.2 Type 2 2.3.3 Mitsubishi Materials Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.4 Liljedahl Group 2.4.1 Business Overview 2.4.2 Copper Wire Rod Type and Applications 2.4.2.1 Type 1 2.4.2.2 Type 2 2.4.3 Liljedahl Group Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.5 KGHM 2.5.1 Business Overview 2.5.2 Copper Wire Rod Type and Applications 2.5.2.1 Type 1 2.5.2.2 Type 2 2.5.3 KGHM Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.6 Bajoria Group 2.6.1 Business Overview 2.6.2 Copper Wire Rod Type and Applications 2.6.2.1 Type 1 2.6.2.2 Type 2 2.6.3 Bajoria Group Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.7 Kobay Metal 2.7.1 Business Overview 2.7.2 Copper Wire Rod Type and Applications 2.7.2.1 Type 1 2.7.2.2 Type 2 2.7.3 Kobay Metal Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.8 Artyomovsk non-ferrous metals processing works 2.8.1 Business Overview 2.8.2 Copper Wire Rod Type and Applications 2.8.2.1 Type 1 2.8.2.2 Type 2 2.8.3 Artyomovsk non-ferrous metals processing works Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.9 TDT Copper 2.9.1 Business Overview 2.9.2 Copper Wire Rod Type and Applications 2.9.2.1 Type 1 2.9.2.2 Type 2 2.9.3 TDT Copper Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 2.10 DUCAB 2.10.1 Business Overview 2.10.2 Copper Wire Rod Type and Applications 2.10.2.1 Type 1 2.10.2.2 Type 2 2.10.3 DUCAB Copper Wire Rod Sales, Price, Revenue, Gross Margin and Market Share 3 United States Copper Wire Rod Market Competition, by Manufacturer 3.1 United States Copper Wire Rod Sales and Market Share by Manufacturer 3.2 United States Copper Wire Rod Revenue (Value) and Market Share by Manufacturer 3.3 Market Concentration Rate Analysis 3.3.1 Top 3 Copper Wire Rod Manufacturer Market Share 3.3.2 Top 6 Copper Wire Rod Manufacturer Market Share 3.4 Market Competition Trend 4 Copper Wire Rod Market Segment by Type 4.1 United States Copper Wire Rod Sales, Revenue and Market Share by Type (2011-2016) 4.1.1 United States Copper Wire Rod Sales and Market Share by Type (2011-2016) 4.1.2 United States Copper Wire Rod Revenue and Market Share by Type (2011-2016) 4.2 Telecommunications Sales Growth and Price 4.2.1 United States Telecommunications Sales Growth (2011-2016) 4.2.2 United States Telecommunications Price (2011-2016) 4.3 Power cables Sales Growth and Price 4.3.1 United States Power cables Sales Growth (2011-2016) 4.3.2 United States Power cables Price (2011-2016) 4.4 Building wires Sales Growth and Price 4.4.1 United States Building wires Sales Growth (2011-2016) 4.4.2 United States Building wires Price (2011-2016) 4.5 Railways& metro railways Sales Growth and Price 4.5.1 United States Railways& metro railways Sales Growth (2011-2016) 4.5.2 United States Railways& metro railways Price (2011-2016) 5 United States Copper Wire Rod Market Segment by Application 5.1 United States Copper Wire Rod Sales Market Share by Application (2011-2016) 5.2 Sales Growth (2011-2016) 5.3 Sales Growth (2011-2016) 5.4 Sales Growth (2011-2016) 5.5 Sales Growth (2011-2016) 5.6 Sales Growth (2011-2016) 5.7 Sales Growth (2011-2016) 6 United States Copper Wire Rod Market Forecast (2016-2021) 6.1 United States Copper Wire Rod Sales, Revenue (Value) and Growth Rate (2016-2021) 6.2 Copper Wire Rod Market Forecast by Type (2016-2021) 6.3 Copper Wire Rod Market Forecast by Application (2016-2021) 7 Copper Wire Rod Potential Market/Regions except USA 7.1 China Development Status and Outlook 7.1.1 China Copper Wire Rod Sales, Growth Rate and Forecast (2016-2021) 7.1.2 China Copper Wire Rod Revenue (Value), Growth Rate and Forecast (2016-2021) 7.2 Southeast Asia Development Status and Outlook 7.2.1 Southeast Asia Copper Wire Rod Sales, Growth Rate and Forecast (2016-2021) 7.2.2 Southeast Asia Copper Wire Rod Revenue (Value), Growth Rate and Forecast (2016-2021) 7.3 India Development Status and Outlook 7.3.1 India Copper Wire Rod Sales, Growth Rate and Forecast (2016-2021) 7.3.2 India Copper Wire Rod Revenue (Value), Growth Rate and Forecast (2016-2021) 7.4 Latin America Development Status and Outlook 7.4.1 Latin America Copper Wire Rod Sales, Growth Rate and Forecast (2016-2021) 7.4.2 Latin America Copper Wire Rod Revenue (Value), Growth Rate and Forecast (2016-2021) 8 Marketing Strategy Analysis 8.1 Marketing Channel 8.1.1 Direct Marketing 8.1.2 Indirect Marketing 8.1.3 Marketing Channel Development Trend 8.2 Market Positioning 8.2.1 Pricing Strategy 8.2.2 Brand Strategy 8.2.3 Target Client 9 Effect Factors of Copper Wire Rod Demand 9.1 Technology Progress 9.2 Consumer Needs Trend/Customer Preference 9.3 External Environmental Change 9.3.1 Technology Progress of Related Industry 9.3.2 External Economic Environment 10 Sales Channel, Distributors, Traders and Dealers 10.1 Sales Channel 10.1.1 Direct Marketing 10.1.2 Indirect Marketing 10.1.3 Marketing Channel Future Trend 10.2 Distributors, Traders and Dealers 11 Appendix 11.1 Methodology 11.2 Analyst Introduction 11.3 Data SourceList of Tables and Figures Get It Now @ https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=717176

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