Sovereign investment major ADQ and Orion Resource Partners (Orion), a leading global investment firm specialising in metals and materials, announced entering into an agreement to establish a new Abu Dhabi-based 50-50 joint venture (JV).
The JV will make strategic investments in the metals and mining sector to enhance supply chain security both locally and globally.
ADQ and Orion plan to invest $1.2 billion of capital over the course of the first four years in the JV.
Based out of Abu Dhabi Global Market (ADGM), OMF (ME) JV LP (Orion Abu Dhabi) will work towards investing in mining companies through multiple asset classes, including equity, senior debt and production-linked instruments, such as royalties, streams and offtakes.
The joint venture will target investments in a diverse range of metals and minerals in various geographies, initially focusing on emerging markets in Africa, Asia and Latin America.
As part of its investment strategy, Orion Abu Dhabi will secure long-term agreements to source essential minerals, including copper, high-grade iron ore, and other key commodities important for global supply chain security and the energy transition.
The joint venture with Orion will be part of ADQ’s recently established Infrastructure & Critical Minerals cluster.
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