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IRH Acquires Majority Stake in Alphamin Resources for $367M
Abu Dhabi-based mining company International Resources Holding (IRH) has agreed to acquire a 56% stake in Alphamin Resources from private entity Tremont Master Holdings. At a cost of $367 million, the transaction is subject to certain closing conditions, including regulatory and internal corporate approvals.
Alphamin Resources own the Bisie tin mine in the Democratic Republic of Congo, which produces roughly 6% of global tin supplies annually. With the transaction, IRH will increase its interest in the high-production asset, aligning with goals to expand its presence in the global industrial metals sector.
“Alphamin’s strong production profile aligns with our strategy of securing interests in high-quality mining assets with long-term growth potential,” stated Ali Alrashdi, CEO of IRH.
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