Qatar's sovereign Wealth Fund Qatar Investment Authority (QIA) has entered into an agreement to acquire a 4% stake in Canadian copper producer Ivanhoe Mines Ltd. in order to strengthen its position in the mining industry. This is reported in the QIA press release.
The transaction value is $500 million (12 Canadian dollars per share, which is 9% lower than the closing price on September 17). The investment in Ivanhoe is one of QIA's largest investments in the mining industry since acquiring a stake in Glencore Plc.
After the deal closes, QIA, which manages assets worth $524 billion, and Ivanhoe will enter into an investment agreement granting the right to be on the board of directors of Ivanhoe if the equity stake exceeds 10%. The parties to the deal intend to cooperate within the framework of further strategic partnership.
Ivanhoe operates the Kamoa-Kakula mining complex in Congo, which is one of the world's largest sources of copper. The flagship project suffered serious damage in early 2025 as a result of seismic activity, which forced the company to reduce annual production. In 2025, Ivanhoe shares fell by more than 20%, reducing the market value to 18 billion Canadian dollars ($13 billion), despite a 14% increase in copper prices over the same period.
Chinese companies CITIC Metal and Zijin Mining Group Co. They already own large shares in Ivanhoe and have the right to purchase additional shares in order to avoid dilution of their assets.
QIA plans to invest $500 billion in the United States over 10 years in accordance with an investment strategy that has been launched by some companies in the Persian Gulf, including the state investment fund of Saudi Arabia and state-owned enterprises of the UAE.
Qatar Investment Authority (QIA) is Qatar's sovereign wealth fund for managing the country's financial resources derived from oil and gas exports. The Fund is aimed at diversifying the economy and increasing its competitiveness. The headquarters is located in Doha (Qatar).
Ivanhoe Mines is a Canadian mining company specializing in the development and exploration of large deposits of copper, platinoids, nickel and zinc. The headquarters is located in Vancouver, Canada.
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