Latest news with #AliAlRashdi
Yahoo
23-05-2025
- Business
- Yahoo
EPointZero and IRH sign MOU to decarbonise mining operations
EPointZero, the decarbonisation platform of 2PointZero, has signed a memorandum of understanding (MOU) with International Resources Holding (IRH), a mine-to-market platform and subsidiary of 2PointZero, to jointly advance the full decarbonisation of IRH's global mining operations. The MOU was signed by Mohamed Hesham, group chief investment officer of 2PointZero, and Ali AlRashdi, CEO of International Resources Holding, during the Make it in the Emirates event. The agreement targets the decarbonisation of IRH's operations, beginning with the Mopani Copper Mines in Zambia, in which IRH acquired a 51% stake in March last year. EPointZero and IRH will establish a joint taskforce to implement decarbonisation measures, starting with a comprehensive carbon baseline assessment. The goal is to create a phased road map towards net-zero operations, encompassing all aspects of mining, smelting, logistics and auxiliary services. 2PointZero's group CEO Mariam Almheiri said: 'Decarbonising legacy sectors requires more than capital, it takes alignment, execution and a clear view of the future. This collaboration demonstrates how our dynamic value network enables exactly that, connecting capabilities across our portfolio to unlock real transformation. 'By aligning renewable energy, technology and resources, we are not only accelerating low-carbon mining, we are advancing our mission to build smarter, more sustainable industrial systems for the future.' The partnership will leverage EPointZero's renewable energy access, advanced storage infrastructure and AI analytics to expedite decarbonisation and improve operational efficiency. The decarbonisation strategy will focus on energy consumption and broader operational efficiencies including fleet electrification, waste reduction and AI-driven resource management. The initial phase will integrate on-site renewable energy and intelligent infrastructure to minimise environmental impact. AlRashdi said: 'Zambia is a strategic hub for IRH, and Mopani represents a cornerstone of our commitment to building a modern, competitive mining platform in Africa. This partnership reflects our mandate to integrate decarbonisation into our operations from day one and set a new benchmark for sustainability in resource development.' Both companies are also exploring sustainable practices such as water reuse, waste minimisation and responsible sourcing. These efforts support Zambia's long-term development goals and aim to establish a new standard for responsible mining in the region. "EPointZero and IRH sign MOU to decarbonise mining operations" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Al Etihad
22-05-2025
- Business
- Al Etihad
EPointZero, International Resources Holding sign MoU to decarbonise global mining operations
ABU DHABI (WAM) EPointZero, the decarbonisation platform of 2PointZero, and International Resources Holding (IRH), a leading mine-to-market platform and subsidiary of 2PointZero, have signed a Memorandum of Understanding (MoU) to jointly advance the full decarbonisation of IRH's global mining operations. The agreement was signed during 'Make it in the Emirates' by the Group Chief Investment Officer of 2PointZero, Mohamed Hesham, and CEO of IRH Ali AlRashdi. The signing was witnessed by Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Syed Basar Shueb, CEO and Managing Director of International Holding Company (IHC); and Mariam Almheiri, 2PointZero's Group CEO. As part of the MoU, EPointZero and IRH will initially target Mopani Copper Mines, where IRH acquired a 51% stake in March 2024, a transaction that cemented IRH's commitment to long-term growth and sustainable development in the mining and minerals space. It also follows EPointZero's landmark 1 GWh energy storage deal with UAE-based Enercap by Apex Energy, announced on 19 May 2025 at Make it in the Emirates. That transaction, among the largest of its kind globally, gives EPointZero immediate access to cutting-edge, non-chemical supercapacitor storage technology, positioning it to deploy advanced energy systems at scale across mining and industrial operations. Almheiri commented, 'Decarbonising legacy sectors requires more than capital; it takes alignment, execution, and a clear view of the future. This collaboration demonstrates how our dynamic value network enables exactly that, connecting capabilities across our portfolio to unlock real transformation. By aligning renewable energy, technology, and resources, we're not only accelerating low-carbon mining, we're advancing our mission to build smarter, more sustainable industrial systems for the future.' Under the terms of the MoU, EPointZero and IRH will establish a dedicated joint task force to identify, assess, and implement decarbonisation measures across IRH's operations in Zambia, beginning with Mopani Copper Mines. This will include a holistic carbon baseline assessment that spans mining, smelting, logistics, and auxiliary services, providing the analytical foundation for a phased roadmap toward net-zero operations. AlRashdi commented, 'Zambia is a strategic hub for IRH, and Mopani represents a cornerstone of our commitment to building a modern, competitive mining platform in Africa. This partnership reflects our mandate to integrate decarbonisation into our operations from day one and set a new benchmark for sustainability in resource development.' At the centre of this effort is 2PointZero's dynamic value network, an ecosystem designed to connect capabilities across its portfolio and unlock cross-sector value creation. By linking IRH's upstream mineral operations with EPointZero's access to renewable energy, advanced storage infrastructure, and AI-driven analytics, the dynamic value network becomes the mechanism through which this partnership accelerates decarbonisation, reduces system inefficiencies, and delivers scalable outcomes for Zambia and beyond. The decarbonisation strategy will address not only energy consumption but also broader operational efficiencies, from electrifying fleet and machinery, to reducing waste and emissions across the production cycle, to embedding AI-driven tools for predictive resource management and real-time emissions monitoring. The initial focus will be on integrating on-site renewable energy sources, optimising grid interactions, and introducing intelligent infrastructure that can adapt to demand fluctuations while minimising environmental impact. At the same time, both companies are exploring circular models for water reuse, waste minimisation, and sustainable sourcing. These efforts are intended to align with Zambia's long-term development, while setting a new benchmark for responsible mining in the region.
