Abu Dhabi’s IRH Buys Control of Alphamin’s Congo Tin Mines
Workers for a unit of Alphamin Resources Corp., in the Democratic Republic of Congo.
Photographer: Tom Wilson/Bloomberg
Abu Dhabi’s International Resources Holding agreed to acquire a majority stake in Alphamin Resources Corp., gaining access to one of the world’s biggest tin mines.
IRH will buy a 56% interest in Alphamin from a unit of private equity firm Denham Capital for about C$503 million ($366 million), it said in a statement. Bloomberg News reported in November that the Emirati mining firm was in talks about investing in the company, which owns the Bisie tin complex in the Democratic Republic of Congo.