Qatar commits $500M investment in Ivanhoe Mines
Qatar’s sovereign wealth fund to acquire 4% stake, backing critical minerals expansion
DOHA, Qatar (MNTV) — Qatar Investment Authority (QIA) announced plans to invest $500 million in Ivanhoe Mines, securing a 4% ownership stake through a private placement aimed at accelerating the company’s critical minerals development.
Ivanhoe Mines confirmed it will issue 57.5 million common shares to QIA at C$12.00 per share, generating gross proceeds of approximately $500 million.
The transaction, pending customary approvals including clearance from the Toronto Stock Exchange, will also include an investor rights agreement granting QIA certain governance privileges if its stake exceeds 10%.
The company said the funds will be used to advance exploration and mining projects in key critical minerals, as well as to support general corporate purposes.
QIA CEO Mohammed Saif Al Sowaidi described the move as a long-term strategic commitment. “This investment reflects our strong confidence in Ivanhoe Mines’ tier-one assets and our shared mission of sustainably supplying the minerals essential to global energy transition and advanced technologies,” he said.
Ivanhoe Mines Executive Co-Chair Robert Friedland welcomed the partnership, calling QIA’s decision a “landmark endorsement.” He added, “This investment strengthens our capacity to deliver critical metals for electrification, energy infrastructure, and emerging technologies like AI and large-scale data centers.”
The agreement aligns QIA with Ivanhoe’s existing strategic partners, including CITIC Metal Africa Investments and Zijin Mining Group, both of which retain rights to maintain their proportional ownership through additional share purchases.
Both parties also signaled an intention to explore broader collaborations in strategic mining ventures worldwide.
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