Ivanhoe Mines $IVN (+0 %) is a Canadian mining company focused on copper, zinc and platinum projects. With significant interests in the Kamoa-Kakula mine in the Democratic Republic of Congo and ongoing exploration projects in Zambia, Kazakhstan and Angola, Ivanhoe is positioning itself as a potential beneficiary of the global copper boom.
🔍 Kamoa-Kakula: Africa's largest copper mine
The Kamoa-Kakula mine, in which Ivanhoe holds a 39.6% stake, is Africa's largest copper mine and one of the world's largest copper discoveries. In the second quarter of 2025, the mine produced 112,009 tons of copper, an increase of 11% compared to the previous year. Total production for the first half of 2025 was 245,127 tons of copper .
Despite these successes, there were production interruptions in May 2025 due to seismic activity and flooding. As a result, the annual forecast was lowered to between 370,000 and 420,000 tons of copper .
🌍 Expansion and new discoveries
Ivanhoe is pursuing an aggressive expansion strategy:
- Western Forelands (DR Congo): 52.5 million tons of contained copper have been discovered in this area, including high-grade deposits in the Makoko district .
- Kazakhstan: Surface copper mineralization has been discovered in the Chu-Sarysu Basin. A 15,000 meter diamond drilling campaign has been launched to assess the potential of this area .
- Zambia: In April 2025, Ivanhoe gained access to a 7,757 square kilometer exploration package that forms the basis for future projects .
💰 Financial support and geopolitical alignment
In September 2025, the Qatar Investment Authority (QIA) invested USD 500 million in Ivanhoe Mines, acquiring a 4% stake in the company. This investment strengthens Ivanhoe's financial base and supports its expansion into strategically important regions.
📈 Conclusion: potential in the copper boom
Ivanhoe Mines has significant copper resources, a strong production base and a clear expansion strategy. Despite short-term challenges, the company offers long-term potential, particularly in view of the increasing global demand for copper for the energy transition and modern technologies.
