Kamoa-Kakula Project secures financing for underground mobile mining equipment

Ivanhoe Mines has announced that Kamoa Holding Ltd, the joint-venture holding company of the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC), has secured an equipment financing facility of up to €176 million (US$211 million), together with a US$9 million down-payment facility. The two facilities will be used by the project to purchase underground mobile mining equipment and services from leading Sandvik AB, Epiroc AB and Normet Oy.

Kamoa-Kakula Project secures financing for underground mobile mining equipment Kamoa-Kakula Project secures financing for underground mobile mining equipment Kamoa-Kakula Project secures financing for underground mobile mining equipment Kamoa-Kakula Project secures financing for underground mobile mining equipment Kamoa-Kakula Project secures financing for underground mobile mining equipment

Miner Jean Yav checking on one of Kamoa-Kakula’s Epiroc semi-autonomous, double-boom drilling rigs from Sweden, operating in the Kakula Mine