Alphamin Resources, the operator of the Bisie tin mine in the Democratic Republic of Congo (DRC), announced the sale of a 56% stake in the mine to UAE-based International Resources Holding (IRH) for US$367 million. IRH is owned by a conglomerate controlled by Sheikh Tahnoon bin Zayed al-Nahyan, a prominent figure in the UAE government. The acquisition aims to enhance UAE's presence in the global industrial metals sector. The Bisie mine, located in North-Kivu province, is a significant global tin supplier, producing high-grade tin used in various industries like electronics, batteries, and hydrogen production. Tin, a 'critical mineral,' has diverse applications including lithium-ion batteries, thermoelectric materials, carbon capture, and blue hydrogen production. The move is part of IRH's strategy to invest in quality mining assets for long-term growth. The DRC had engaged with the US government in talks regarding a minerals-for-security deal, showing interest in attracting investments. The surge in global tin prices due to the temporary closure of the Bisie mine highlights its importance in the market. With major tin production dominated by China, Myanmar, and Indonesia, the acquisition strengthens UAE's foothold in the global mining landscape.