Ivanhoe Mines Provides Clarification to Reuters' Article Announcing the Ban of Copper and Cobalt Concentrate Exports from the DRC

Rhea-AI Summary

Ivanhoe Mines (OTC: IVPAF) clarified that a ban on exporting unbeneficiated copper and cobalt concentrates from the Democratic Republic of the Congo has been enforced for nearly 10 years. Since Kamoa-Kakula began production in 2021, multiple derogations have allowed export of its copper concentrates.

Ivanhoe Mines said current Kamoa-Kakula copper concentrate is smelted at an on-site smelter or at the Lualaba Copper Smelter in Kolwezi. The company added that the Kipushi Mine holds a derogation permitting export of its zinc concentrates.

Positive

• Derogations support Kamoa-Kakula exports since 2021 despite long-standing DRC ban
• Kamoa-Kakula copper currently processed at on-site and Lualaba smelters, reducing reliance on raw concentrate exports
• Kipushi Mine holds a derogation allowing export of its zinc concentrates

Negative

• Long-standing DRC ban on exporting unbeneficiated copper and cobalt concentrates remains in force

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Johannesburg, South Africa--(Newsfile Corp. - August 6, 2026) - A story was published by British news agency Reuters today, August 6, 2026, announcing the ban on copper and cobalt concentrates from the Democratic Republic of the Congo (DRC). Ivanhoe Mines clarifies that a ban on the export of unbeneficiated concentrate has been in place and enforced in the DRC for close to 10 years. Since the start of production at Kamoa-Kakula in 2021, multiple derogations were issued to the complex allowing the export of the operation's copper concentrates. Currently, copper concentrate produced by Kamoa-Kakula is smelted at the on-site smelter or at the Lualaba Copper Smelter, in Kolwezi. In addition, the Kipushi Mine has a derogation in place allowing the export of the operation's zinc concentrates.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa.

Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District. Ivanhoe is also exploring for new sedimentary copper discoveries in new horizons including Angola, Kazakhstan, and Zambia.

Information contacts

Follow Robert Friedland (@robert_ivanhoe) and Ivanhoe Mines (@IvanhoeMines_) on X.

Investors

Tommy Horton +44 7866 913 207 (London)

Eric Zurmuehle +1 203 451 5834 (New York)

Media

Tanya Todd +1 604 331 9834 (Vancouver)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308370

FAQ

What DRC export ban did Ivanhoe Mines (IVPAF) clarify on August 6, 2026?

Ivanhoe Mines clarified that the Democratic Republic of the Congo has enforced a ban on exporting unbeneficiated copper and cobalt concentrates for nearly 10 years. According to Ivanhoe Mines, this is not a new measure but a long-standing regulatory framework affecting concentrate exports.

How does the DRC concentrate export ban affect Ivanhoe Mines’ Kamoa-Kakula Copper Complex (IVPAF)?

Kamoa-Kakula operates under multiple derogations that have allowed export of its copper concentrates since production began in 2021. According to Ivanhoe Mines, copper concentrate is also smelted on-site or at the Lualaba Copper Smelter, reducing dependence on direct concentrate exports.

Where is Ivanhoe Mines’ Kamoa-Kakula copper concentrate processed under the current DRC rules?

Kamoa-Kakula copper concentrate is processed at an on-site smelter and at the Lualaba Copper Smelter in Kolwezi. According to Ivanhoe Mines, these facilities handle production while derogations enable any permitted concentrate exports within the DRC’s existing regulatory ban framework.

Does Ivanhoe Mines’ Kipushi Mine have permission to export zinc concentrates from the DRC?

Yes, the Kipushi Mine operates under a derogation that allows export of its zinc concentrates from the DRC. According to Ivanhoe Mines, this exemption coexists with the country’s broader ban on exporting unbeneficiated copper and cobalt concentrates imposed nearly a decade ago.

What are Ivanhoe Mines’ main projects mentioned in the August 6, 2026 clarification (IVPAF)?

Ivanhoe Mines highlighted three principal operations: the Kamoa-Kakula Copper Complex and Kipushi zinc-copper-germanium-silver mine in the DRC, and the Platreef mine in South Africa. According to Ivanhoe Mines, it is also exploring copper in Western Forelands and other African and Eurasian regions.

Is the Reuters report about a new DRC export ban expected to change Ivanhoe Mines’ operations?

Ivanhoe Mines indicated that the export ban on unbeneficiated concentrates has existed for close to 10 years, not newly introduced. According to Ivanhoe Mines, its operations rely on derogations and smelting arrangements that already function within this established regulatory environment.