Financial News
Patrick Aloni and Hax Global Resources Announce $180M Joint Venture for Mining & Infrastructure Through ICA Group
May 23, 2025 at 09:00 AM EDT
BUKIT TIMAH, Singapore - May 23, 2025 - PRLog -- In a landmark partnership, Patrick Aloni, chairman of the ICA Group of Companies, has signed a $180 million joint venture agreement with Hax Global Resources, a multinational infrastructure conglomerate operating in over 40 countries.
The joint venture launched under the name ICA Hax Holdings—will develop mining and logistics infrastructure across East Africa and Central Asia, focusing on sustainable mineral extraction, export corridors, and next-generation logistics powered by AI platforms.
"This collaboration brings together precision strategy with operational scale," said Aloni. "ICA Group is committed to building sustainable, secure value across regions that need strategic investment—not just capital."
Initial projects are slated for Tanzania, Laos, Ghana, and Mongolia, including:
- Inland port development to support mineral exports
- Rare earth mineral site expansion
- Green logistics and transport optimization systems
This partnership positions ICA Group of Companies at the forefront of emerging market infrastructure development, blending Aloni's private equity expertise with Hax Global's engineering dominance.
Photos: (Click photo to enlarge)
Source: Google
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