Billionaire Robert Friedland Plans World's No. 2 Copper Mine
Ivanhoe Mines’ Congo deposit could produce 700,000 tons a year
Sanford Bernstein says mining region is world’s most exciting
William Clowes and Dylan Griffiths
Updated on
Billionaire investor Robert Friedland said the copper deposit Ivanhoe Mines Ltd. is developing in the Democratic Republic of Congo has the potential to become the world’s No. 2 mine for the metal.
“Kamoa-Kakula will become the world’s second-largest copper mine with peak annual production of more than 700,000 tons of copper metal,” Ivanhoe founder Friedland said Wednesday at a mining conference in Cape Town.
