Going Green to Strike Gold

Abu Dhabi conglomerate IHC's change in strategy (in purchasing mining concessions as opposed to funding established operators in exchange for securing future raw materials) is supposedly tied-in to its plans to employ greener resources (such as solar power) in the development of its mining projects.

In a world shifting to cleaner energy, however, it may also signal an appreciation of the importance of guaranteeing access to minerals such as lithium, copper and iron ore that shall be critical to that transition.

In going green they may well strike gold.