Qatar Investment Authority (QIA) has signed a Memorandum of Understanding (MoU) with Ivanhoe Mines, a Canadian mining, development, and exploration company operating in South Africa and the Democratic Republic of Congo.
According to the statement, this follows QIA’s $500 million strategic investment into Ivanhoe Mines.
The MoU between QIA and Ivanhoe Mines sets out a framework for collaboration to support Ivanhoe’s efforts to find, develop, and sustainably supply the critical minerals essential to the global energy transition and the development of advanced technologies.
Qatar Investment Authority’s Commitment to Sustainable Growth
Mohammed Saif Al-Sowaidi CEO – QIA
“This MoU is a testament of QIA’s commitment to building strategic partnerships with leading suppliers of critical minerals, supporting global efforts to develop new energy infrastructure and power advanced technologies. We are delighted to be working with Ivanhoe Mines and look forward to further growing our partnership, aimed at generating long-term, sustainable prosperity.”
As part of the MoU, Qatar Investment Authority has expressed its support for Ivanhoe Mines’ management team in advancing both existing and new growth initiatives. This includes ongoing exploration efforts aimed at developing the world-class Western Forelands project in the Democratic Republic of Congo (DRC), particularly in the Makoko District.
Ivanhoe Mines Executive Co-Chair, Robert Friedland, commented that, “The signing of the MoU, together with the strategic investment by the Qatar Investment Authority, is a strong vote of confidence in Ivanhoe Mines and our mission to supply the strategic metals that power global electrification and the rise of AI and large-scale datacenters.”
“We are excited to build this long-term, world-class alliance as we unlock new frontiers in our hunt for the next generation of great discoveries, which we will sustainably mine together,” Friedland added.
