I’ve worked with extraordinary people all over the world, and Marna stands among the best.
This year marks Marna’s 20th year at @IvanhoeMines_. When we started Ivanhoe Nickel & Platinum, as it was called then, we had a handful of employees as well as untested exploration ground off the western edge of the DRC Copperbelt and on the Northern Limb of the Bushveld complex in South Africa. We had yet to make a discovery.
Since then, Marna has led Ivanhoe’s rapid development of three tier one critical metals mines.
Exceptional ore bodies require exceptional leadership… we are fortunate to have one of the finest mining executives of our generation leading Ivanhoe Mines.
Address by President @CyrilRamaphosa at the official commencement of production at the Ivanplats Platreef Mine, Mokopane, Limpopo https://t.co/TCZSlLXGMi
Construction of Platreef's Shaft #2 head frame is nearing completion and sheeting installation is in progress. Shaft #2 will support Phase 2 operations and future Phase 3 expansion. The Platreef Mine is projected to be the lowest-cost primary platinum-group-metals producer globally.
📸2024 vs 2025
Stanley Druckenmiller on CNBC this week: "#Copper is a pretty simple story. It takes about twelve years from greenfield to produce #copper and you've got EVs, the grid, data centres ... and believe it or not, munitions. These missiles all have enough #copper in them and the world is getting hot ... we just think the supply-demand situation is incredible."
Cathy Nader, Principal: Mining & Resources at Nedbank Corporate and Investment Banking shares insights on how the mining sector will pave the way for a sustainable future through mineral supply for greener energy. #NedbankCIB#MiningWeek#MiningIndaba2024
One of the main problems is and remains the structural downward trend in global copper mine grades that has been ongoing for many years with no end in sight. With few exceptions, the grades of the largest and most important development projects are well below the current global average grades.
In recent months we have seen numerous negative reports about the tight supply situation in the copper sector and for various important development projects. ⚒️
- First Quantum's Cobre mine in Panama is shut down, eliminating about 1.5% of the world's copper supply.
- Anglo American just cut its 2024 copper production plans by 200,000 tons.
- Glencore's copper production will decline for the fifth consecutive year in 2023, almost 30% below 2018 levels.
- Teck Resources' majority owned QB2 copper mine is once again on the hook for massive cost overruns.
- Freeport, the world's second-largest copper producer, said a few weeks earlier that it would slow expansion plans due to inflation and slumping prices for the red metal used throughout the global economy.
- Codelco, the world's largest state-owned copper producer, cut its annual production forecast to the lowest in 25 years and raised cost estimates.
- Zambia's copper production will fall by more than 10% this year to the lowest level in 14 years.
It will be very exciting to see how the market balance for #copper evolves in 2024. There are many reasons to be bullish.
#News - @IvanhoeMines_ issues third quarter 2023 financial results, and review of construction and exploration activities.
Details👉🏼 https://t.co/bUqYsQEwkJ
Join the conference call at 10:30am ET today to learn more
🔗https://t.co/vIKj5MHiFd
We are pleased to announce the publication of our 6th annual sustainability report. The detailed report underscores Ivanhoe's commitment to ‘mining with a greater purpose’ and the pursuit of global leadership in #ESG.
Discover more about the sustainability efforts championed by our company by reading and experiencing the report: https://t.co/Afzf1Rx3Hw