Africa-focused project developer Ivanhoe Mines has reported strong results of a prefeasibility study that was undertaken to develop the first phase of its Kamoa copper project, located in the Democratic Republic of Congo (DRC), the company said on Tuesday.
An independent prefeasibility study by OreWin, Amec Foster Wheeler E&C Services and SRK Consulting had calculated an after-tax net present value (NPV) using an 8% discount of $986-million, and an internal rate of return (IRR) of 17.2%. The economic analysis used a long-term price assumption of $3/lb copper.
