Ivanhoe Mines has reduced its medium-term copper production forecast for the Kamoa-Kakula mine. The new target is 550,000 tonnes, down from the previous estimate of over 600,000 tonnes. This revision follows flooding in May, which was caused by seismic activity, likely linked to mining operations.
According to ING commodity analysts Ewa Manthey and Warren Patterson, the flooding has forced Ivanhoe to create a new long-term development plan for the mine.
The company plans to provide updated production guidance for 2026 and 2027 once recovery efforts are further along. Kamoa-Kakula is one of the largest copper mines in the world and plays a significant role in global copper supply, especially as other major mines face challenges in maintaining output.