Other
Posted By OrePulse
Published: 05 Jun, 2025 09:15
UAE’s IRH to buy stake in Congo tin miner Alphamin
International Resources Holding (IRH) said on Wednesday it will acquire a controlling stake in major tin producer Alphamin Resources for C$503 million ($367 million), a significant expansion into critical minerals for the Abu Dhabi-based mining company.
IRH will purchase approximately 719 million shares, representing a 56 percent stake from Tremont Master Holdings at C$0.70 per share, according to a joint statement.
“Alphamin’s strong production profile aligns with our strategy of securing interests in high-quality mining assets with long-term growth potential,” IRH CEO Ali Alrashdi said in a statement.
Related Articles
Endeavour announces transaction in own shares...
10 Sep, 2024 07:27
Ivanhoe Mines Announces MOU with Government of Zam...
10 Sep, 2024 12:24
Feasibility Study on Lumwana Super Pit Expansion E...
12 Sep, 2024 14:21
Endeavour achieves commercial production at BIOX e...
13 Sep, 2024 08:20
Roscan Gold Announces Changes to the Board of Dire...
16 Sep, 2024 10:40
Minerals Council pays tribute to Pravin Gordhan...
16 Sep, 2024 12:17
Notification of an acquisition of beneficial inter...
18 Sep, 2024 08:39
Newmont on track to get at least $2 billion from a...
18 Sep, 2024 10:49
UAE firm plans to invest $500m in Tanzania...
19 Sep, 2024 08:37
SkyJacks elevates innovation at Electra Mining Afr...
19 Sep, 2024 09:32Trending News
Precious Metals
Burkina Faso completes nationalisation of five gold mining assets...
12 Jun, 2025 13:05
41 min read
Other
Stronger together: Partnerships will transform Africa’s mining sector...
12 Jun, 2025 12:51
39 min read
Precious Metals
Resolute appoints new COO as Montgomery steps down...
12 Jun, 2025 12:27
40 min read