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The company said that the Phase 3 expansion, to be completed in 2024, increases Kamoa-Kakula's annual copper production to a ten-year average of 620,000 tonnes of copper, at cash costs of $1.22/lb. Ivanhoe also noted that mineral reserves tonnage increased by 101% to 472 million tonnes, adding that Kamoa-Kakula generates powerful cash flow to fund expansions, with an average annual EBITDA of over $3 billion for the first 10 years.
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