Ivanhoe Mines and Qatar Investment Authority (QIA) announce memorandum of understanding (MoU) to further exploration, development and mining of critical minerals
November 21, 2025
Ivanhoe Mines and Qatar Investment Authority (QIA)
announce memorandum of understanding (MoU) to further
exploration, development and mining of critical minerals
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MoU signed as His Highness Sheikh Tamim bin Hamad Al-
Thani, Amir of Qatar visits Kinshasa, DRC to meet with His
Excellency Félix Tshisekedi, President of the DRC
KINSHASA, DEMOCRATIC REPUBLIC OF THE CONGO – Ivanhoe Mines’ (TSX:
IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and
Chief Executive Officer Marna Cloete announce today the signing of a
memorandum of understanding (MoU) between Ivanhoe Mines and Qatar
Investment Authority (QIA). This follows QIA’s US$500 million strategic
investment into Ivanhoe Mines, as announced on September 29, 2025.
The signing of the MoU coincided with this week’s visit by His Highness The
Amir of Qatar, Sheikh Tamim bin Hamad Al-Thani to the Democratic Republic
of the Congo (DRC), where he met with His Excellency Félix Tshisekedi,
President of the DRC, to discuss friendly bilateral relations between the two
countries.
The MoU between QIA and Ivanhoe Mines sets out a framework for
collaboration to support Ivanhoe’s efforts to find, develop, and sustainably
supply the critical minerals essential to the global energy transition and the
development of advanced technologies.
Ivanhoe Mines Executive Co-Chair, Robert Friedland, commented: “The signing
of the MoU, together with the strategic investment by the Qatar Investment Authority,
is a strong vote of confidence in Ivanhoe Mines’ and our mission to supply the
strategic metals that power global electrification and the rise of AI and large-scale
datacentres. We are excited to build this long-term, world-class alliance as we unlock
new frontiers in our hunt for the next generation of great discoveries, which we will
sustainably mine together.”
QIA CEO, Mohammed Saif Al-Sowaidi, commented: “This MoU is a testament of
QIA’s commitment to building strategic partnerships with leading suppliers of critical
minerals, supporting global efforts to develop new energy infrastructure and power
advanced technologies. We are delighted to be working with Ivanhoe Mines and look
forward to further growing our partnership, aimed at generating long-term,
sustainable prosperity.”
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MoU sets framework for collaboration on further exploration,
development and mining of critical minerals
As part of the MoU, QIA notes its support of Ivanhoe Mines management team in its
pursuit of existing and new growth projects, such as exploration work underway to
develop the world-class Western Forelands exploration project in DRC, including the
Makoko District.
Ivanhoe Mines and QIA also intend to collaborate in good faith to identify and
explore future partnerships and opportunities to work together in geographical areas
of interest on mining projects at all phases of development. This may include
collaboration in terms of investment or financing of such projects.
Furthermore, Ivanhoe and QIA may collaborate in terms of (i) using QIA’s extensive
network to provide access to financial institutions for preferential financing of critical
minerals projects in Africa and elsewhere; (ii) collaboration on potential future
strategic M&A; (iii) collaboration on potential infrastructure related to critical minerals
projects, including logistics, power and water; and (iv) working together on
development of downstream smelting or refining capacity for critical minerals.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three
principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the
DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the
DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine
in South Africa.
Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned
exploration licences in the Western Forelands, covering an area over six times larger
than the adjacent Kamoa-Kakula Copper Complex, including the high-grade
discoveries in the Makoko District. Ivanhoe is also exploring for new sedimentary
copper discoveries in new horizons including Angola, Kazakhstan, and Zambia.
Follow Robert Friedland (@robert_ivanhoe) and Ivanhoe Mines (@IvanhoeMines_)
on X.
Information contact
Investors
Vancouver: Matthew Keevil +1.604.558.1034
London: Tommy Horton +44 7866 913 207
Media
Tanya Todd +1.604.331.9834
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About Qatar Investment Authority
Qatar Investment Authority (QIA) is the sovereign wealth fund of the State of Qatar.
QIA was founded in 2005 to invest and manage the state reserve funds. QIA is
among the largest and most active sovereign wealth funds globally. QIA invests
across a wide range of asset classes and regions, as well as in partnership with
leading institutions around the world, to build a global and diversified investment
portfolio with a long-term perspective that can deliver sustainable returns and
contribute to the prosperity of the State of Qatar.
Media Contact: [email protected]
Forward-looking statements
Certain statements in this news release constitute “forward-looking statements” or
“forward-looking information” within the meaning of applicable securities laws. Such
statements and information involve known and unknown risks, uncertainties, and
other factors that may cause the actual results, performance, or achievements of the
company, its projects, or industry results to be materially different from any future
results, performance, or achievements expressed or implied by such forward-looking
statements or information. Such statements can be identified using words such as
“may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”,
“estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state
that certain actions, events, or results “may”, “could”, “would”, “might” or “will” be
taken, occur or be achieved. These statements reflect the company’s current
expectations regarding future events, performance, and results and speak only as of
the date of this news release.
Such statements include, without limitation: (i) statements regarding Ivanhoe Mines
and QIA intend to collaborate in good faith to identify and explore future partnerships
and opportunities to work together in geographical areas of interest on mining
projects at all phases of development, and; (ii) statements regarding, Ivanhoe and
QIA may collaborate for preferential financing of critical minerals projects in Africa
and elsewhere, potential future strategic M&A, potential infrastructure related to
critical minerals projects, including logistics, power and water, and downstream
smelting or refining capacity for critical minerals.
Forward-looking statements and information involve significant risks and
uncertainties, should not be read as guarantees of future performance or results, and
will not necessarily be accurate indicators of whether such results will be achieved.
Many factors could cause actual results to differ materially from the results discussed
in the forward-looking statements or information, including, but not limited to, the
ability of the parties to satisfy closing conditions of the Investment and the factors
discussed above and under the “Risk Factors” section in the company’s MD&A for
the three and nine months ended September 30, 2025, and its current annual
information form, and elsewhere in this news release, as well as unexpected
changes in laws, rules or regulations, or their enforcement by applicable authorities;
the failure of parties to contracts with the company to perform as agreed; social or
labour unrest; changes in commodity prices; and the failure of exploration programs
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or studies to deliver anticipated results or results that would justify and support
continued exploration, studies, development or operations.
Although the forward-looking statements contained in this news release are based
upon what management of the company believes are reasonable assumptions, the
company cannot assure investors that actual results will be consistent with these
forward-looking statements. These forward-looking statements are made as of the
date of this news release and are expressly qualified in their entirety by this
cautionary statement. Subject to applicable securities laws, the company does not
assume any obligation to update or revise the forward-looking statements contained
herein to reflect events or circumstances occurring after the date of this news
release.
The company’s actual results could differ materially from those anticipated in these
forward-looking statements as a result of the factors outlined in the “Risk Factors”
section in the company’s MD&A for the three and nine months ended September 30,
2025, and its current annual information form.