Abu Dhabi’s ADQ and Orion Resource Partners have formed a joint venture. This venture is worth $1.2 billion. It will focus on strategic metals and critical minerals. These are essential for industries worldwide.
Investment in Essential Minerals
The partnership will invest over the next four years. They will target emerging markets. These include regions in Africa, Asia, and Latin America. The joint venture will invest in various ways. This includes equity, debt, and production-linked methods.
The focus is on securing essential minerals. This includes copper and high-grade iron ore. These are vital for global economies and the energy transition. Demand for clean energy is growing. The need for these minerals is increasing. This venture aims to ensure a steady supply. It positions ADQ and Orion to meet global demand.
The venture will be based in Abu Dhabi. It will be part of ADQ’s Infrastructure & Critical Minerals cluster. This cluster includes other investments. It aims to strengthen Abu Dhabi’s economy. It also supports manufacturing and clean energy.
Hamad Al Hammadi, Deputy Group CEO at ADQ, explained their commitment. They want their portfolio companies to succeed. The partnership with Orion helps diversify investments. It also contributes to the growth of critical industries.
Orion’s founder and CEO, Oskar Lewnowski, highlighted the venture’s importance. It supports global decarbonization efforts. It also secures resources for sustainable production. He emphasized their commitment to the UAE economy.
This joint venture expands ADQ and Orion’s portfolios. They aim to secure essential minerals. This ensures global economic stability. It also supports the ongoing energy transition.
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