Abu Dhabi-headquartered IRH to acquire a majority stake in Alphamin
Abu Dhabi-based global mining company International Resources Holding (IRH) has entered into a definitive agreement with Tremont Master Holdings to acquire a 56% interest in TSX-V- and JSE-listed Alphamin Resources Corp, which owns and operates tin mining assets in the Democratic Republic of Congo. IRH will acquire about 718.99-million Alphamin shares from Tremont at a price of C$0.70 a share, for a total consideration of C$503.29-million, or about $367-million.
Abu Dhabi-based global mining company International Resources Holding (IRH) has entered into a definitive agreement with Tremont Master Holdings to acquire a 56% interest in TSX-V- and JSE-listed Alphamin Resources Corp, which owns and operates tin mining assets in the Democratic Republic of Congo. IRH will acquire about 718.99-million Alphamin shares from Tremont at a price of C$0.70 a share, for a total consideration of C$503.29-million, or about $367-million.
