Abu Dhabi’s F9 Capital Management and South Africa’s Q Global Commodities (QGC) have agreed to enter into a partnership to inject investments in mines producing green metal, according to media reports.
The allocated investment from the two business entities amounts to 1 billion USD, which has been raised from institutional investors.
According to its website, F9 is a multi-billion-dollar investment house founded by Simon Fentham-Fletcher and partners with philanthropists.
The company is expected to develop metals deposits, including lithium, copper, and nickel, in southern and eastern Africa.
Coal investor in South Africa Quinton Van der Burgh, owner of Q Global Commodities, said that part of the plan is to list the new company on the stock market in the UAE or Canada once the mines are operational.
Q Global Commodities, which is owned by coal investor Quinton Van der Burgh in South Africa, is into coal mining and holds stakes in metal deposits in the country.
“We wanted to make sure that our reserves and projects were exactly where they needed to be so we could get to the next stage,” Bloomberg quoted Van der Burgh as saying.
“Pulling the trigger means investing in plants, infrastructure, and developing our logistical arms,” Van der Burgh.
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