Ivanhoe Mines Enters Pakistan Copper Sector via Mari Petroleum Partnership

Key Facts

Canadian miner Ivanhoe Mines signed an agreement with Pakistan's Mari Petroleum to explore and develop copper resources in Pakistan. Mining.com reported that Chairman Robert Friedland announced the agreement on Thursday during the Pakistan Minerals Investment Forum, marking the company's official entry into the South Asian mining sector.

The partnership is part of Ivanhoe Mines' strategy to secure new copper assets globally by leveraging Pakistan's untapped mineral potential. Robert Friedland stated that the company intends to pursue equal partnerships in the country, drawing on its operational experience in the Democratic Republic of Congo and Saudi Arabia to develop local resources.