Ivanhoe Mines Reports Fatality at the Kamoa-Kakula Copper Complex

Rhea-AI Summary

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) reported a fatal accident at its Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The incident occurred underground at the Kansoko mine, where a drill rig operator, Mr. Bruno Akake Mutombo, was struck by a fall of ground. Despite emergency response efforts, Mr. Mutombo later succumbed to his injuries at the hospital.

The company has initiated a comprehensive review of the incident and is cooperating with DRC authorities in their investigation. Ivanhoe Mines has expressed its commitment to enhancing safety protocols at its operations. Mining activities at Kansoko were temporarily suspended but have since resumed after securing the incident area.

Positive

• Mining activities at Kansoko mine have resumed after temporary suspension

Negative

• Fatal accident occurred at the Kamoa-Kakula Copper Complex
• Temporary suspension of mining activities at Kansoko mine
• Potential for increased scrutiny and safety measures, possibly impacting operations

Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - August 16, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) regrets to report that a fatal accident occurred at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC).

The accident occurred underground at the Kansoko mine when Mr. Bruno Akake Mutombo, a Kamoa Copper drill rig operator, was struck by a fall of ground. Mr. Mutombo was stabilized by the emergency response team and evacuated to hospital but later succumbed to his injuries.

Management has commenced a comprehensive review of the incident. Kamoa Copper is working with the DRC authorities to facilitate their investigation of the accident. The company is committed to enhancing all safety protocols at its operations.

On behalf of the Kamoa Copper Joint Venture, Ivanhoe Mines extends its deepest condolences to the grieving family, friends, and colleagues of Mr. Mutombo who have been impacted by this tragic accident.

Mining activities at Kansoko were temporarily suspended to conduct a full investigation and have since restarted after the company secured the area of the incident.

About Ivanhoe Mines

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

Ivanhoe Mines also is exploring across circa 1,808 km² of highly prospective, 60-100% owned exploration licences in the Western Forelands, located adjacent to the Kamoa-Kakula Copper Complex in the DRC. Ivanhoe is exploring for new sedimentary copper discoveries, as well as expanding and further defining its high-grade Makoko, Kiala, and Kitoko copper discoveries as the company's next major development projects.

Information contacts

Investors

Vancouver: Matthew Keevil +1.604.558.1034

London: Tommy Horton +44 7866 913 207

Media

Tanya Todd +1.604.331.9834

Website www.ivanhoemines.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220286

FAQ

What happened at Ivanhoe Mines' Kamoa-Kakula Copper Complex on August 16, 2024?

A fatal accident occurred underground at the Kansoko mine within the Kamoa-Kakula Copper Complex, where a drill rig operator was struck by a fall of ground and later succumbed to his injuries.

How has the accident affected operations at Ivanhoe Mines' (IVPAF) Kansoko mine?

Mining activities at the Kansoko mine were temporarily suspended to conduct a full investigation. Operations have since restarted after the company secured the area of the incident.

What actions is Ivanhoe Mines (IVPAF) taking in response to the fatal accident at Kamoa-Kakula?

Ivanhoe Mines has initiated a comprehensive review of the incident, is cooperating with DRC authorities in their investigation, and has committed to enhancing all safety protocols at its operations.