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Abu Dhabi’s IRH to invest $1.1 bln in Zambia’s Mopani Copper Mines

Abu Dhabi’s IRH to invest $1.1 bln in Zambia’s Mopani Copper Mines

THE United Arab Emirates International Resources Holdings (IRH) will invest $1.1 billion in Zambia's Mopani Copper Mines in return for 51% ownership of the business, the state-owned ZCCM Investments Holdings (ZCCM-IH) said. Last month, Zambia picked IRH, a unit of Abu Dhabi's most valuable listed company, International Holdings Company (IHC), as the strategic equity partner in Mopani, which was coveted by several investors looking for copper assets. Zambia had been seeking a new investor for Mopani since it took control of the assets from Glencore in 2021 after agreeing to pay the Swiss commodities company $1.5 billion in a deal funded by debt.…
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Jubilee Metals forms Zambian copper recovery venture with UAE’s IRH

Jubilee Metals forms Zambian copper recovery venture with UAE’s IRH

Jubilee Metals Group said that it has formed a strategic partnership with Abu Dhabi-based International Resources Holdings (IRH) to recover copper from a historic waste dump in Zambia. Africa's number 2 copper producer Zambia last month picked IRH, a unit of Abu Dhabi's most valuable listed company International Holding Company, as the new strategic equity partner in the state-owned Mopani Copper Mine. IRH, which was not immediately available for comment, is actively pursuing the acquisition of metal assets including copper, nickel, graphite, manganese, cobalt and lithium which are essential to the UAE's clean green energy drive. Jubilee, which mainly focuses on recovering metals…
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