In the summer of 2023, Rothschild bankers working for Zambia’s government were close to finalising a shortlist of buyers for a prized copper mine.
Mopani, a troubled but rare asset formerly owned by resources giant Glencore, had drawn offers worth hundreds of millions of dollars from big names in the mining world eager to gain access to a metal that is crucial to clean energy technologies of the future.
The list had been narrowed down to China’s Zijin Mining and South African deep-level excavation expert Sibanye-Stillwater when seemingly out of nowhere came a third contender: an obscure company from the United Arab Emirates called International Resources Holding.
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