Ma'aden announces strategic partnership with Ivanhoe Electric Inc. (IE) to acquire a 9.9% interest in IE and form a joint venture to explore strategic minerals in Saudi Arabia
- Written by PR Newswire
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RIYADH, Saudi Arabia, Jan. 11, 2023 /PRNewswire/ -- Saudi Arabian Mining Company (Ma'aden) announces that it has entered into an agreement with Ivanhoe Electric (IE) that will see Ma'aden subscribing to new shares in IE resulting in a 9.9% equity interest for USD126 million. As part of the agreement, Ma'aden and IE will also establish a 50:50...
