MOU signed with Oil India, KABIL and OVL to collaborate on critical minerals
September 10, 2024 – International Resources Holding (IRH), the dynamic natural resources extractive subsidiary of 2PointZero, is pleased to announce the signing of a historic Strategic Alliance with Oil India Limited (“Oil India”), Khanji Bidesh India Limited (“KABIL”) and ONGC Videsh Limited (“OVL”) to collaborate across the supply chain of critical minerals.
This pivotal agreement was formalized today at the UAE-India Business Forum in Mumbai, by Her Excellency Mariam Almheiri, CEO of 2PointZero; Dr Ranjit Rath, Chairman and Managing Director of Oil India; Sadashiv Samantaray, CEO of KABIL; and Rajarshi Gupta, Managing Director of OVL.
Highlights:
- The partnership will see IRH, Oil India, KABIL and OVL combine their expertise to identify, acquire or develop assets on a global scale, including within India.
- The landmark MoU represents a significant advancement in IRH’s strategic approach to critical mineral extraction and sets a new benchmark for excellence in mining operation.
- IRH’s collaborative efforts, in partnership with BMRC International and IRH Global Trading, are strategically designed to enhance UAE-India public-private partnerships and drive cutting-edge innovation within the mining sector.
- By integrating respective expertise and resources, the Partnership is not only poised to achieve groundbreaking advancements but also redefine industry standards in sustainable mineral extraction. This partnership underscores IRH’s commitment to advancing a knowledge-based economy and creating opportunities for new business across priority sectors.
H.E. Mariam bint Mohammed Almheiri, CEO of 2PointZero, commented:
“Today marks a significant milestone in our journey towards global mining innovation and sustainable mineral supply chains. Our strategic alliance with Oil India, KABIL, and OVL embodies a new era of international cooperation. This landmark agreement, formalized at the UAE-India Business Forum, sets a new benchmark for excellence in critical mineral excavation and redefines industry standards from mine to markets. By combining our expertise with BMRC International and IRH Global Trading, we are not only advancing UAE-India public-private partnerships but also paving the way for groundbreaking advancements and sustainable practices in the mining sector. This partnership is a testament to our commitment to foster a knowledge-based economy and unlock new business opportunities across critical sectors.”