African-Led Conglomerate Expands Global Footprint with Argentine Copper Venture
In a significant development for global South-South cooperation, Mr. Prateek Suri, Africa's richest Indian and Chairman of Maser Group, has confirmed a multi-million dollar investment in copper mining projects across Argentina's Mendoza region. This landmark announcement was made on 9 November 2025 following high-level discussions in Abu Dhabi.
Strategic Partnership for Sustainable Mining
The investment confirmation came after Mr. Suri met with Minister Ms Jimena Latorre, Argentina's Minister of Energy and Environment, in Abu Dhabi. Their discussions focused on accelerating AI-driven mining operations, energy transition projects, and infrastructure modernization throughout Latin America.
The Mendoza region, strategically positioned along the border with Chile in one of the world's richest copper belts, has been identified as the primary focus of this collaboration. The Argentine government has extended substantial incentives and tax benefits to support Maser Group's venture, recognizing the company's strong track record in sustainable investment and technology integration.
Innovative Financial Structure and Global Participation
In a visionary move, the Argentine government proposed creating a Mining Trust that will be listed on the stock exchange. This innovative financial structure will allow international trustees and institutional investors to hold equity stakes, with Maser Group expected to play a central role in ensuring transparent governance and global participation.
"Minister Latorre's approach to sustainable mining and energy transition is inspiring," said Mr. Suri after the meeting. "Her vision perfectly aligns with our mission at Maser Group—to build a bridge between innovation and sustainability, connecting Africa, Latin America, and the Middle East through responsible resource development."
Strategic Importance in Global Energy Transition
Maser Group's entry into Mendoza's copper belt represents more than just a financial investment—it marks a strategic leap into the global energy transition value chain. Copper plays a critical role in renewable energy systems, electric vehicles, and smart technologies, making this investment particularly significant for the future of clean energy.
For Minister Latorre, this collaboration demonstrates Argentina's renewed commitment to attracting world-class investors in sustainable industries. "We're not only opening our doors to investment," she stated, "we're creating frameworks that ensure long-term prosperity, transparency, and innovation in the mining sector."
Industry analysts view the Maser-Mendoza partnership as a defining moment in South-South cooperation, where an African-led conglomerate helps shape the next frontier of Latin American industrial growth. With MDR Investment's fund size of $500 million and associated capital pools reaching up to $2 billion, the move is expected to catalyze new opportunities across mining, logistics, and AI-based sustainability solutions.
As Prateek Suri aptly summarized: "This is more than mining—it's about mining meaning. We're unlocking value that empowers communities, energizes economies, and drives the future of clean industries."
