An Emirati company acquires 50% of a gold mine in Mali.

Canadian company "Alloyed Gold" announced that it has signed a $500 million agreement with the investment fund "Ambrosia Investment Holdings" to support expansion plans at the Sadiola gold mine in Mali.

Ambrosia is a diversified investment company based in the United Arab Emirates, with a range of businesses and projects in the Gulf region and several African countries.

Under the agreement with the Canadian company, Ambrosia now owns 50% of the Sadiola mine in Mali, one of the richest gold-producing countries in West Africa.

The partnership agreement also involves the Emirati company "ATGC," specializing in energy and large-scale infrastructure projects, to implement an advanced energy system to operate the Sadiola mine for 12 years starting from July 26, 2026.