{"id":84467,"date":"2024-05-28T00:00:00","date_gmt":"2024-05-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/"},"modified":"2024-05-28T00:00:00","modified_gmt":"2024-05-28T00:00:00","slug":"ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/","title":{"rendered":"IHC is lining up USD 1 bn worth of acquisitions in the mining sector"},"content":{"rendered":"

UAE\u2019s investment giant International Holding Company (IHC) plans to make <\/strong>USD 1 bn worth of acquisitions in the mining sector this year,<\/strong> chief executive Syed Basar Shueb told The Financial Times<\/a>. The IHC\u2019s mining subsidiary International Resource Holding (IRH) has already signed joint venture agreements for iron ore exploration in Angola, and is now working on a nickel mining agreement in Burundi while discussing the mining of metals in Tanzania and Kenya, Shueb added. The mining firm plans to use renewable energy sources to power its mining projects. <\/p>\n

Why the sudden interest? <\/strong>IRH came onto the mining investment scene to secure a supply of raw materials without having to turn to other operators, the CEO said. The moves come as the global race to acquire critical energy transition minerals heats up, with reports that Australia\u2019s mining company BHP is in talks to merge with IHC\u2019s rival Anglo American in a proposed takeover deal worth GBP 34 bn. The IRH is also competing against the Chinese for mining assets, Shueb said. The predicted increased demand for EVs, wind turbines, and solar panels is creating a looming critical minerals shortage<\/a>.<\/p>\n

REFRESHER- IHC is doubling down on securing critical metal supplies from Africa:<\/strong> The natural resources extractive company snagged a 51% stake<\/a> in Zambia\u2019s Mopani Copper Mines for USD 1.1 bn in March. IRH bid over USD 1 bn for Mumbai-based Vedanta\u2019s stake in Zambia\u2019s Konkola Copper Mines in April, and presented a non-binding offer to acquire London-based mining company Vedanta Resources\u2019 51% stake in the mines. \u201cIt makes a lot of sense that one party manages Mopani and KCM,\u201d Shuab told FT. The company is also reportedly looking to bid for private equity player EMR Capital's 80% stake in Zambia\u2019s Lubambe Copper Mine.<\/p>\n","protected":false},"excerpt":{"rendered":"

IHC\u2019s mining subsidiary plans to use renewable energy sources to power its mining projects<\/p>\n","protected":false},"author":1,"featured_media":84468,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[11,79,196,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseclimate","tag-ma-watch","tag-mining","tag-uae","wpautop","entry"],"acf":{"mongo_id":"fed42fc5-fa35-452f-929a-867ce2d81dc4","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2595.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IHC is lining up USD 1 bn worth of acquisitions in the mining sector","related_issue":[84460],"teaser":"IHC\u2019s mining subsidiary plans to use renewable energy sources to power its mining projects","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.171aa7e2-7b48-44c6-800d-2f2fecfadfd4.mp3"},"yoast_head":"\nIHC is lining up USD 1 bn worth of acquisitions in the mining sector - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IHC is lining up USD 1 bn worth of acquisitions in the mining sector\" \/>\n<meta property=\"og:description\" content=\"IHC\u2019s mining subsidiary plans to use renewable energy sources to power its mining projects\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IHC is lining up USD 1 bn worth of acquisitions in the mining sector\",\"datePublished\":\"2024-05-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/\"},\"wordCount\":306,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseClimate\",\"M&A WATCH\",\"MINING\",\"UAE\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/\",\"name\":\"IHC is lining up USD 1 bn worth of acquisitions in the mining sector - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-28T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IHC is lining up USD 1 bn worth of acquisitions in the mining sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IHC is lining up USD 1 bn worth of acquisitions in the mining sector - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/","og_locale":"en_US","og_type":"article","og_title":"IHC is lining up USD 1 bn worth of acquisitions in the mining sector","og_description":"IHC\u2019s mining subsidiary plans to use renewable energy sources to power its mining projects","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/","og_site_name":"Climate","article_published_time":"2024-05-28T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"IHC is lining up USD 1 bn worth of acquisitions in the mining sector","datePublished":"2024-05-28T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/"},"wordCount":306,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1","keywords":["EnterpriseClimate","M&A WATCH","MINING","UAE"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/","name":"IHC is lining up USD 1 bn worth of acquisitions in the mining sector - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1","datePublished":"2024-05-28T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/28\/ihc-is-lining-up-usd-1-bn-worth-of-acquisitions-in-the-mining-sector\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"IHC is lining up USD 1 bn worth of acquisitions in the mining sector"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-lYn","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/84467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=84467"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/84467\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/84460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/84468"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=84467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=84467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=84467"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=84467"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}