{"id":104372,"date":"2025-06-09T00:00:00","date_gmt":"2025-06-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/irh-acquires-majority-interest-in-congo-tin-mine-firm-for-usd-367-mn\/"},"modified":"2025-06-09T00:00:00","modified_gmt":"2025-06-09T00:00:00","slug":"irh-acquires-majority-interest-in-congo-tin-mine-firm-for-usd-367-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/06\/09\/irh-acquires-majority-interest-in-congo-tin-mine-firm-for-usd-367-mn\/","title":{"rendered":"IRH acquires majority interest in Congo tin mine firm for USD 367 mn"},"content":{"rendered":"

Abu Dhabi\u2019s IRH acquires majority stake in Congo tin miner:<\/strong> State-owned International Holding Company\u2019s mining investment arm International Resources Holding (IRH) entered into a definitive agreement to buy a 56% stake in Alphamin Resources, one of the world\u2019s largest tin producers, according to a press release<\/a>. The transaction will see IRH purchasing 719 mn shares for a total of USD 367 mn. <\/p>\n

Who\u2019s involved?<\/strong> The agreement transfers control of the stake to IRH from Mauritius-based Tremont Master Holdings, a subsidiary of US private equity firm Denham Capital and Alphamin\u2019s majority shareholder, which will retain a 0.8% stake. Alphamin is Mauritius domiciled, and listed on both Toronto\u2019s TSX Venture Exchange and the Johannesburg Stock Exchange.<\/p>\n

Behind the acquisition:<\/strong> Alphamin owns the Bisie tin mine operation in the Congo \u2014 one of the world\u2019s largest tin mines, according to Bloomberg<\/a>. It produced over 17k tons of tin in 2024, representing 6% of global supply, according to Reuters<\/a>, and is planning on expanding its capacity to upwards of 20k tons. Demand for tin is on the rise as it is a key component used for renewable energy tech, EVs and electronics like semiconductors. Operations halted temporarily in March following Rwandan-backed rebel group activity near the site; however, the US pushed for an agreement to restart operations in April, Reuters reported.<\/p>\n

Background: <\/strong>IRH engaged in discussions last year<\/a> to acquire an indirect interest in Alphamin Resources. It was reported that IRH might invest in a new entity that majority shareholder Denham Capital would establish to hold the stake.<\/p>\n

REMEMBER-<\/strong> IRH is doubling down on securing critical minerals supplies, having acquired a 51% stake<\/a> in Zambia\u2019s Mopani Copper Mines for USD 1.1 bn in 2024. It also inked joint venture<\/a> agreements for iron mining in Angola, and was in advanced discussions to mine nickel in Burundi, along with metals in Tanzania and Kenya. It is also eyeing a majority stake in Zambia\u2019s Lubambe Copper Mine<\/a>.<\/p>\n

\n

IN OTHER M&A NEWS-<\/p>\n

EU regu<\/strong>lators suspended their review of Abu Dhabi National Oil Company's (Adnoc)<\/strong> EUR 14.7 bn acquisition<\/a><\/strong> of German chemicals firm <\/strong>Covestro<\/strong>, pending additional information from the two companies, Reuters<\/a> reports. The transaction which was approved under EU merger rules last month, is now being reviewed under the bloc's foreign subsidies regulation, which examines potentially unfair government support to companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction transfers control from US private equity firm Denham Capital\u2019s subsidiary<\/p>\n","protected":false},"author":1,"featured_media":104373,"comment_status":"","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":[2392],"tags":[7,31,182,60,1607],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-international-holding-company","tag-international-resources-holding","tag-ma-watch","tag-minerals","wpautop","entry"],"acf":{"mongo_id":"391980ae-10bd-456a-960e-8d7f2721b73c","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/111.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IRH acquires majority interest in Congo tin mine firm for USD 367 mn","related_issue":[104365],"teaser":"The transaction transfers control from US private equity firm Denham Capital\u2019s subsidiary","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.76e3160d-461c-4548-934a-e0eb5b1ebf94.mp3"},"yoast_head":"\nIRH acquires majority interest in Congo tin mine firm for USD 367 mn - 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