Ivanhoe Set To Begin Production At World's Second-Largest Copper Project
Seekingalpha - Copper has had an incredible run, surging 45 percent since its March low on plunging global inventories and the prospect of heightened usage by China, its biggest purchaser. It’s also been a good year for one of the world’s top explorers of the red metal, Ivanhoe Mines (OTCQX:IVPAF), which just last week released stellar economic results of its tier-one Kamoa-Kakula Copper Project in the Democratic Republic of the Congo.
One of our favorite natural resource companies, Ivanhoe has returned more than 146 percent in the past six months alone as investors anticipate the start of production at the Kakula Mine. The project has the potential to become the world’s second-largest copper mining complex, with annual output projected to be 800,000 metric tonnes a year.