QIA To Invest $500 Million In Ivanhoe Mines

Doha (PlantAndEquipment.com) - The Qatar Investment Authority (QIA) will invest $500 million in Ivanhoe Mines through a private placement, acquiring about 4% of the company’s common shares.

Ivanhoe Mines plans to use the proceeds to advance exploration, development, and mining of critical minerals, as well as for general corporate purposes. The agreement also includes an investor rights arrangement granting QIA certain governance privileges should its stake exceed 10%.

Beyond this investment, Ivanhoe and QIA intend to explore additional strategic partnerships. Ivanhoe Mines is currently advancing three major projects in Southern Africa, including two copper mines in the Democratic Republic of Congo and a platinum-gold-copper project in South Africa scheduled to begin production in late 2025.