Ivanhoe Mines’ Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete have announced the signing of a memorandum of understanding (MoU) between Ivanhoe Mines and the Qatar Investment Authority (QIA).
The agreement follows QIA’s previously announced US$500 million strategic investment in Ivanhoe Mines on September 29, 2025.
The MoU was signed during the visit of His Highness The Amir of Qatar, Sheikh Tamim bin Hamad Al-Thani, to the Democratic Republic of the Congo (DRC), where he met with President Félix Tshisekedi to strengthen bilateral relations between the two nations.
The MoU establishes a framework for collaboration supporting Ivanhoe Mines’ mission to discover, develop, and responsibly supply the critical minerals needed for the global energy transition and next-generation technologies.
Robert Friedland, Executive Co-Chair of Ivanhoe Mines, said:
“The MoU, along with QIA’s strategic investment, represents a strong endorsement of Ivanhoe Mines and our commitment to supplying the metals that drive global electrification, AI, and large-scale data centres. We look forward to building a long-term, world-class alliance as we pursue the next generation of major discoveries through sustainable mining.”
QIA CEO Mohammed Saif Al-Sowaidi stated:
“This MoU reinforces QIA’s commitment to forming strategic partnerships with leading suppliers of critical minerals, supporting the development of new energy infrastructure and advanced technologies. We are pleased to deepen our collaboration with Ivanhoe Mines and look forward to generating long-term, sustainable value together.”
Framework for collaboration on critical minerals development
Under the MoU, QIA affirms its support for Ivanhoe Mines’ leadership as it advances both existing and new growth projects, including exploration across the Western Forelands in the DRC, particularly the Makoko District.
Both parties also intend to work together to evaluate partnership opportunities across regions of shared interest and at all stages of mining project development. This may involve potential investment or financing collaboration.
Additional areas of potential cooperation include:
- Leveraging QIA’s global network to secure preferential financing for critical minerals projects.
- Exploring future strategic M&A opportunities.
- Collaborating on infrastructure essential to mining projects, including logistics, power, and water.
- Working together on developing downstream processing capacity such as smelting and refining for critical minerals.
