Kinshasa: Qatar Investment Authority (QIA) announced the signing of a Memorandum of Understanding (MoU) with Ivanhoe Mines, a Canadian mining company involved in development and exploration activities in South Africa and the Democratic Republic of Congo. This announcement coincides with the visit of HH the Amir Sheikh Tamim bin Hamad Al-Thani to the DRC.

According to Qatar News Agency, the MoU was signed in Kinshasa by Mohammed bin Saif Al Suwaidi, CEO of Qatar Investment Authority, and Robert Freedland, CEO of Ivanhoe Mines. The agreement establishes a framework for cooperation aimed at supporting the exploration of essential minerals crucial for the global energy transition. It also focuses on developing advanced technologies and ensuring a sustainable supply of these resources. An investment of approximately USD 500 million has already been made into the Canadian company.

Mohammed bin Saif Al Suwaidi highlighted that the MoU is a testament to QIA's dedication to forming strategic partnerships with leading suppliers of base metals. This move aligns with global efforts to develop new energy infrastructures and advanced technologies, aiming for sustainable and long-term prosperity. He expressed a strong desire to bolster the bilateral partnership further.

Robert Freedland expressed confidence in Ivanhoe Mines, noting that the MoU reflects a shared vision to supply strategic minerals that are essential for global electricity generation and the advancement of artificial intelligence and big data centers. He also expressed anticipation of a long-term alliance that would enable potential transformative acquisitions and exploration of vital minerals.