Government has announced the selection of International Resources Holding Limited(irh), an affiliate company of Abu Dhabi Conglomerate International Holding company as the strategic equity partner for Mopani Copper Mines.
Speaking at a media briefing Friday morning, Mines and Minerals Development Minister, Paul Kabuswe says the selection of IRH follows an extensive and thorough process.
Kabuswe says as the preferred strategic equity partner, and subject to the definitive traction documents being entered into, International Resources Holding will inter alia, inject funds into Mopani to stabilize short-term working capital requirements,completion of mine development projects and unlock the long-term potential of MCM.