Ivanhoe Atlantic targets Pakistan copper with Mari Minerals deal

AI desk brief

Ivanhoe Atlantic signed a non-binding MoU with Pakistan’s Mari Minerals for a proposed exploration joint venture in Balochistan, where Mari holds copper and gold exploration projects. Ivanhoe Atlantic—not the separate Ivanhoe Mines—would operate the venture; definitive agreements, approvals, entity formation and licence transfers remain outstanding, with financial terms and completion timing undisclosed. Friedland advocated equal partnerships but did not confirm 50-50 ownership for this deal. Any eventual gold supply would depend on discoveries and development, while security and infrastructure constraints remain substantial; the agreement establishes no material near-term bullion effect.