Lloyds Metals and Energy Limited announced two major strategic decisions on Wednesday, December 10, as part of its board meeting disclosures. According to the regulatory filing, the company’s board approved the acquisition of up to a 50% equity stake in Nexus Holdco FZCO through its wholly owned subsidiary, Lloyds Global Resources FZCO. The board also cleared a proposal to enter into a non-binding Memorandum of Understanding (MoU) with Tata Steel Limited for exploring potential collaborations.
The filing states that Lloyds Global Resources FZCO will acquire 50% of Nexus Holdco FZCO, a Dubai-based holding and investment company operating within the Dubai Multi Commodities Centre (DMCC) zone. Nexus owns 80–90% stake in Surya Mines SARL and eight other companies in the Democratic Republic of Congo, collectively holding mining concessions and a copper processing plant. The proposed transaction involves a cash consideration of up to USD 55 million and is expected to be completed by June 2026.
The board also authorised the company to enter into a non-binding MoU with Tata Steel. The collaboration will examine opportunities across raw material mining, logistics, pelletisation, and steelmaking. No binding commitments have been made yet, as the MoU is aimed at evaluating potential areas of cooperation.
Nexus Holdco FZCO, incorporated recently on July 25, 2025, does not yet have audited financials. It functions as the holding entity for various mining operations in DR Congo, where it oversees mineral exploration and processing businesses. The acquisition is aligned with Lloyds Metals’ long-term strategy of expanding its raw material footprint and strengthening its presence across the mineral value chain.
The board meeting began at 4:03 PM and concluded at 5:13 PM, and the company has confirmed that the disclosures have been uploaded to its official website.
