The agreement follows Ivanhoe Mines and CNMC entering into a strategic partnership with LCS on 18 August, 2020.
Ivanhoe's goal is to be the world’s ‘greenest’ copper miner and be one of the its lowest greenhouse gas emitters per unit of copper.
The project team established a new monthly record for underground mine development in December with a total of 2,792 metres of advancement.
Underground development at Ivanhoe Mines’ Kakula copper mine in the Democratic Republic of Congo continues to advance ahead of schedule with more than 15.4 km now complete, which is 4.7 km ahead of plan.
While some mining operations have been able to continue production despite COVID-19 experts agree the mining industry faces a tough post-pandemic period.