Abu Dhabi-based conglomerate, International Holding Company (ADX:IHC), announced a landmark move. The IHC Board approved the initiation of the transfer of 2PointZero, a next generation Holding Company comprising several diverse and dynamic companies, to IHC. Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an impressive asset size expected to exceed AED 100 billion (transfer will be completed after obtaining all regulatory approvals).
A Snapshot of the Constituent Companies includes:
International Resources Holding (IRH), headquartered in Abu Dhabi, specializes in unlocking the mineral value chain with a strategic focus on energy transition minerals and key resources such as Copper, Cobalt, Nickel, Lithium, 3T (Tin, Tantalum & Tungsten), Manganese, and Graphite. IRH plays a pivotal role in advancing in-country value addition across Africa and beyond, building ecosystems through strategic collaborations, and improving infrastructure and living standards. Recently, IRH signed a $1.1 billion investment agreement for a 51% stake in Zambia’s Mopani Copper Mines and partnered with Jubilee Metals to recover copper from waste in Zambia. The company has over 20 assets under negotiation and more than 22,000 square kilometres under exploration in various countries.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
