United Arab Emirates government-linked firm RAK Minerals and Metals Investments (RMMI) said on Wednesday it is buying an Armenian mining firm for $200 million (Dh734m).
The acquisition of TSCC Armenia covers three mining complexes across north and south Armenia, and includes copper and polymetallic minerals.
The Middle Eastern mining firm is a 50-50 joint venture between RAK Investment Authority and Trimex Group, an independent minerals firm. (Reuters)
RAK Minerals buys Armenian firm