An IRH delegation recently visited the mining site in Congo, said the people, who asked not to named talking about a private matter. A deal isn’t imminent and there’s no guarantee the discussions will result in an investment, the people said.
Investors in the Denham vehicle would gain a portion of profits from the world’s two highest-grade tin mines. Alphamin, which has a market value of C$1.5 billion ($1 billion), paid total dividends of $115.5 million for 2022 and 2023.
IRH, a unit of International Holding Co. — a vast conglomerate controlled by United Arab Emirates’ National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan — declined to comment.
Alphamin’s tin projects are in North Kivu province, which has been wracked by conflict for three decades. That’s been a barrier to investment in the Toronto- and Johannesburg-listed company, which…
