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IVANHOE MINES NEW HORIZONS August 11 , 2021 Ivanhoe Mines issues Q2 financial results and review of operations , mine construction and exploration progress Kamoa - Kakula Copper Mine achieved Phase 1 commercial production on July 1 , 2021 ; first phase projected to produce approximately 200,000 tonnes of copper per year Kamoa - Kakula's Phase 2 expansion , scheduled for Q3 2022 , will double annual copper output to approximately 400,000 tonnes Ivanhoe Mines pledges net - zero greenhouse gas emissions at the Kamoa - Kakula Copper Mine Good progress being made on Ivanhoe's Western Foreland exploration program , searching for DRC's next tier - one copper discovery Development of the world - scale Platreef palladium , rhodium , platinum , nickel , copper and gold project in South Africa making excellent progress TORONTO , CANADA - Ivanhoe Mines ( TSX : IVN ; OTCQX : IVPAF ) today announced its financial results for the three and six months ended June 30 , 2021. Ivanhoe Mines is a Canadian mining company advancing its three mining projects in Southern Africa : the Kamoa - Kakula copper mining complex in the Democratic Republic of Congo ( DRC ) ; the Platreef palladium - rhodium - platinum - nickel - copper - gold discovery in South Africa ; and the extensive upgrading of the historic Kipushi zinc - copper - lead - germanium mine , also in the DRC . Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the DRC , near the Kamoa - Kakula Project . All figures are in U.S. dollars unless otherwise stated .