DAKAR, June 4 (Reuters) - International Resources
Holding (IRH) said on Wednesday it will acquire a controlling
stake in major tin producer Alphamin Resources Corp ( AFMJF ) 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% stake in Alphamin, 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.