In a bold move underscoring the Gulf state’s global investment ambitions, the Qatar Investment Authority (QIA) has announced a $500 million investment in Canadian mining giant Ivanhoe Mines, which develops major projects across sub-Saharan Africa.
According to a statement released on Wednesday, the investment will give the sovereign wealth fund an estimated four per cent stake in Ivanhoe Mines.
QIA’s Strategic Energy Play
Mohammed Saif Al-Sowaidi, Chief Executive of the QIA, said the deal would boost Ivanhoe’s efforts to “find, develop, and sustainably supply the critical minerals essential to the global energy transition and advanced technology.”
Ivanhoe Welcomes Backing
Ivanhoe Mines executive Robert Friedland hailed the investment as a strong endorsement of the company’s mission.
“This is about being a leading supplier of critical metals that will drive the electrification of the global economy, development of new energy infrastructure, and the growth of advanced technologies such as artificial intelligence,” Friedland said.
Ivanhoe’s Mining Footprint
The Vancouver-based firm is behind several flagship projects:
- Kamoa-Kakula copper mine in DR Congo
- Kipushi zinc-copper mine in DR Congo
- Platreef mine in South Africa, set to begin production in 2025
Beyond these, Ivanhoe is conducting copper exploration in Angola, Zambia, DR Congo, and Kazakhstan, consolidating its place as one of the most influential players in the future of critical minerals.
With QIA’s backing, Ivanhoe Mines is positioning itself as a key driver in the world’s shift toward sustainable energy and advanced industrial technologies.
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