BRIEF-ADQ Enters Strategic Deal With Orion Resource Partners To Establish $1.2 Bln JV - AD Media Office
Jan 30 (Reuters) - ABU DHABI MEDIA OFFICE:
ADQ ENTERS STRATEGIC AGREEMENT WITH ORION RESOURCE PARTNERS TO ESTABLISH USD$1.2BN JOINT VENTURE IN METALS AND MINING SECTOR- ABU DHABI MEDIA OFFICE
AD MEDIA OFFICE- ADQ HAS PARTNERED WITH ORION RESOURCE PARTNERS (ORION) TO ESTABLISH A NEW ABU DHABI-BASED 50-50 JOINT VENTURE
ORION ABU DHABI WILL SECURE LONG-TERM AGREEMENTS TO SOURCE ESSENTIAL MINERALS, INCLUDING COPPER, HIGH GRADE IRON ORE- AD MEDIA OFFICE
BASED IN ADGM, OMF (ME) JV LP (ORION ABU DHABI) WILL INVEST IN MINING COMPANIES USING VARIOUS FINANCIAL APPROACHES- ABU DHABI MEDIA OFFICE
AD MEDIA OFFICE- JOINT VENTURE PARTNERS WILL INITIALLY INVEST US$1.2 BILLION OVER COURSE OF FIRST FOUR YEARS
ORION ABU DHABI WILL SECURE LONG-TERM AGREEMENTS TO SOURCE ESSENTIAL MINERALS - AD MEDIA OFFICE
NEW OFFICE IN ABU DHABI WILL BE HEADED BY PHILIP CLEGG - AD MEDIA OFFICE
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