EPointZero, the decarbonisation platform of 2PointZero, and International Resources Holding (IRH), a leading mine-to-market platform and subsidiary of 2PointZero, have signed a MoU to jointly advance the full decarbonisation of IRH’s global mining operations.
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.
The agreement was signed during Make it in the Emirates by Mohamed Hesham, Group Chief Investment Officer of 2PointZero, and Ali AlRashdi, CEO of IRH, in the presence of Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Syed Basar Shueb, CEO and Managing Director of International Holding Company and Mariam Almheiri, the 2PointZero Group CEO.
It also follows EPointZero’s landmark 1 GWh energy storage deal with UAE-based Enercap by Apex Energy, announced recently 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, it stated.
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’re not only accelerating low-carbon mining, we’re advancing our mission to build smarter, more sustainable industrial systems for the future," she stated.
Under the terms of the MoU, EPointZero and IRH will establish a dedicated joint taskforce to identify, assess, and implement decarbonization 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.
Ali 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 decarbonization 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, he stated.
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 decarbonization, reduces system inefficiencies, and delivers scalable outcomes for Zambia and beyond, he added.-TradeArabia News Service
