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Sino-Canadian Copper Mining Venture in the DRC Generates $434 Million in Profit

by Eric Olander

Canadian mining giant Ivanhoe released its 2022 full-year earnings on Monday that revealed the company made a robust profit of $434 million from the Kamoa-Kakula copper mine in the Democratic Republic of the Congo, which it jointly operates with Chinese mining major Zijin Mining Group.

The Kamoa-Kakula mine generated 215 percent more copper in 2022 than it did in 2021 and Ivanhoe expects it to produce even more in 2023. (MUGGLEHEAD MAGAZINE)

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