Logo ofMinarat Al Maaden Investment Co. (Manarah)
Reuters, citing sources, reported that Minarat Al Maaden Investment Co. (Manarah) is in talks to acquire a minority stake in the copper and nickel assets of Canadian mining company First Quantum Minerals in Zambia, Reuters reported, citing unnamed sources familiar with the matter. 
Sources indicated the stake could be between 15% and 20%, valued at $1.5 to $2 billion.
For More Mergers and Acquisitions
The asset sale may be completed by the end of 2024.
In January 2023, Maaden formed with the Public Investment Fund (PIF) Manarah to invest in international mining assets, focusing on iron ore, copper, nickel, and lithium as a non-operating partner holding minority stakes.
Logo ofMinarat Al Maaden Investment Co. (Manarah)
Reuters, citing sources, reported that Minarat Al Maaden Investment Co. (Manarah) is in talks to acquire a minority stake in the copper and nickel assets of Canadian mining company First Quantum Minerals in Zambia, Reuters reported, citing unnamed sources familiar with the matter.
Sources indicated the stake could be between 15% and 20%, valued at $1.5 to $2 billion.
For More Mergers and Acquisitions
The asset sale may be completed by the end of 2024.
In January 2023, Maaden formed with the Public Investment Fund (PIF) Manarah to invest in international mining assets, focusing on iron ore, copper, nickel, and lithium as a non-operating partner holding minority stakes.
