Deals
Abu Dhabi’s IRH Explores Investing in Alphamin’s Congo Tin Mines
- Denham weighs new vehicle for Alphamin stake: people familiar
- Alphamin operates the world’s two highest grade tin projects
Annual demand for tin is forecast to increase by more than a fifth to 450,000 tons by 2035.
Photographer: Claudio Reyes/AFP/Getty ImagesThis article is for subscribers only.
Abu Dhabi’s International Resources Holding is in talks about buying an indirect stake in one of the world’s biggest tin producers.
Private equity firm Denham Capital owns 57% of Alphamin Resources Corp., which operates the Bisie tin complex in eastern Democratic Republic of Congo. IRH is among the parties interested in investing in a new vehicle that Denham is considering creating to hold that stake, according to people familiar with the matter.