Kipushi (Ivanhoe)

Name: Kipushi (Ivanhoe) — Afrimintel decision view
Creator: Afrimintel
License: https://afrimintel.com/terms

Lufilian Arc · Zn-Ge-Ga · Ivanhoe (68%) / Gécamines (32%, pathway to 38%)

Evidence depth: screened
Screened only. No study-level economics carried on this record.
Afrimintel states the evidence depth of all 159 assets on its bankability roster. 2 are fully-worked DCFs and 4 carry a complete study-level marker set; a further 9 carry headline study-grade markers only. 6 assets have their source documents preserved on this site, where 106 numeric figures verify against the document text and 9 are excluded and named because they cite a document not in the archive. See the full roster and what each tier means.

dossier-gradeproducing

Hand-maintained under the contract suite (generator retired 7 Sep 2026) · dataset see manifest · record reviewed 2026-05-02 · machine-readable: /api/v1/deposits/kipushi.json · ⎙ print / save as PDF

Stage and status

DFI · investment house — what stage is the asset at, and what does its record hold?

Life-cycle stageproducing Derived

Operating statusOperating; world's lowest GHG-intensity zinc producer Sourced

Reserve scale (P+P (Big Zinc orebody, LOM blended))10.8 Mt @ 31.9% Zn Sourced ≈ 3.4 Mt contained Derived

Reserve basis (verbatim)100% project basis

Value anchors

advisory · corporate development — what does the record support?

Resource (M+I)11.8 Mt @ 35.3% Zn Sourced

Resource basis (verbatim)100% project basis

Primary sourceIvanhoe Kipushi 2022 Feasibility Study Technical Report (NI 43-101), dated 14 February 2022, prepared by OreWin Pty Ltd, MSA Group (Pty) Ltd, SRK Consulting … Sourced

Comparables (Zn-matched)1 financing/benchmark — set spans, not market curves · deals · compare assets · data freshness Sourced

Risk read

mining major · insurer — what is the exposure?

Ownership structurePathway to 38% Gécamines pending CPs per 2023 JV agreement; current effective 68/32 per Feb 2026 filings Sourced

Recent events (record, newest last — tail shown)… roject Vault $12B strategic stockpile supply via Gécamines/Mercuria off-take reassignment (zinc + germanium + gallium routed to US); Tier-1 Ge source (~90 g/t) + Ga source (~70 g/t); 2025 GHG intensity 0.019 t CO2-e/t Zn Sourced

What this record does not yet support — disclosed, not estimated

Discount rate — not published. Afrimintel publishes no discount rate or risk premium of its own (withdrawn 12 Oct 2026); the issuer’s study states the rate its NPV is reported at. To test another rate, set it yourself in the project economics estimator.