TSX-listed Ivanhoe Mines' Kamoa Copper subsidiary has signed a memorandum of understanding (MoU) with Lobito Atlantic International for the transportation of copper concentrate produced at the Kamoa-Kakula mine, in the Democratic Republic of the Congo (DRC), by rail to the Atlantic Ocean port of Lobito, in Angola. The rail line linking the DRC Copperbelt to the port of Lobito is known as the Lobito Atlantic Railway Corridor or the Lobito Corridor and extends for 1 739 km. It passes within 5 km of the Kamoa-Kakula licence boundary and through the Western Foreland exploration licences, says Ivanhoe.
TSX-listed Ivanhoe Mines' Kamoa Copper subsidiary has signed a memorandum of understanding with Lobito Atlantic International for the transportation of copper concentrate produced at the Kamoa-Kakula mine, in the Democratic Republic of the Congo , by rail to the Atlantic Ocean Port of Lobito, in Angola.
Ivanhoe expects this route will help it to reduce its emissions and it plans to gather information on greenhouse-gas savings, transit times, operating costs and other operational factors from the trial shipment. Ivanoe says that, once fully operational, the Lobito Atlantic Railway Corridor could significantly improve the logistics costs and carbon footprint of exporting metals from its Kamoa-Kakula Copper Complex, the Kipushi zinc/copper/germanium/silver mine, as well as the future development of any copper discoveries within the Western Foreland exploration project.
"To tackle the challenges of climate change, international cooperation is essential in developing responsible supply chains. This collaboration must involve local communities, ensuring a sustainable and ethical approach to extracting minerals in the areas where they are found."
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