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UAE firm IRH agrees to buy controlling stake in Congo tin miner Alphamin
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UAE firm IRH agrees to buy controlling stake in Congo tin miner Alphamin
Jun 4, 2025 2:31 AM

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.

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