glencore mining in Mauritania

Sahel: Complaint against Glencore over Chad spill clears …

2021-1-28 · A complaint by rights groups over a toxic spill at an oil site in Chad linked to the British subsidiary of mining giant Glencore has cleared a hurdle in the UK, Britain''s trade ministry said. The case relates to an accident in September 2018 at the Badila oilfield in southern Chad, when an earth bank supporting a wastewater basin collapsed.

Askaf iron ore mine Report | Wood Mackenzie

2022-3-8 · Report summary. Askaf is medium sized project in the Tiris-Zemmour District of northern Mauritania. In 2015, Glencore stopped development and wrote-off much of the value of this project. With these developments we have pushed back first production to 2024 for the purpose of modelling the project''s cash flows, but it is also likely the project ...

SNIM

2022-6-10 · 2020 operational and financial results. In 2020, SNIM delivered 12.501 million tonnes of iron ore to the market, an increase of 4% compared to its sales in 2019. Our turnover thus rose from $ 880 million in 2019 to $ 1 billion 220 million in 2020, an increase of 39%.

El Aouj Project | Ausenco

The El Aouj project will add 11.5 millions tons per year of iron concentrate to the production in Mauritania. The El Aouj mine is an open-pit iron mining operation located in the Tiris Zemmour area in Northern Mauritania. Phase 1, the El Aouj "East" deposit, will produce 11.5 million tons per annum of concentrate from approximately 25 ...

Ivan Glasenberg ponders Glencore''s next move | Financial …

Ivan Glasenberg, the chief executive of Glencore, demonstrated in a 48-hour period this year why the Switzerland-based group occupies a singular place among the …

GLENCORE SIGNS LOGISTICS DEAL FOR MAURITANIAN …

Glencore finalises access deal to Mauritanian transport infrastructure to enable development of Askaf iron ore project. ... Rio Tinto chief executive Jakob Stausholm has re-emphasised the need to lift the global mining giant''s operational performance after a challenging first quarter of FY2022 that saw lower production of iron ore, aluminium ...

Glencore''s Sphere approves 7m-tpy iron ore project in …

2014-4-25 · Glencore''s Sphere approves 7m-tpy iron ore project in Mauritania. Sphere Minerals, a subsidiary of commodity giant Glencore Xstrata, has approved the 7 million-tpy Askaf iron ore project in Mauritania, it said on Thursday April 24. The iron ore mine, which is expected to start production in early 2017, will cost just under $1 billion to bring ...

Glencore closer to iron ore ambition | Financial Times

Glencore has cleared a key hurdle in its ambition to become an iron ore miner, reaching a preliminary deal with the west African country of Mauritania for …

Promising potential gold deposit in Mauritania

2009-5-18 · The Guelb Moghrein site, 33km from Shield''s Tabrinkout gold/copper prospect in Mauritania Perth, Australia — MININGREVIEW — 18 May 2009 – Shield Mining Limited – an Africa-focused gold and base metals explorer listed on the Australian Stock Exchange – says latest results from its maiden drilling programme in Mauritania show the potential of another …

Iron Ore Mining In Mauritania

2021-7-18 · Iron Ore Mining In Mauritania. history of rail transport in mauritania,the history of rail transport in mauritania began in 1940, with the commencement of preparatory work for the construction of the mauritania railway, a single track, 704 km (437 mi) standard gauge line connecting a then proposed iron mine in zouerate with the port of nouadhibou, via fderik on …

Glencore closer to iron ore ambition

2014-3-31 · Glencore has cleared a key hurdle in its ambition to become an iron ore miner, reaching a preliminary deal with the west African country of Mauritania for a $1bn contract for access to railway and port facilities. ... The railway contract is one of the three key obstacles to build the remote Askaf mine. Although Mauritania, which relies on iron ...

Glencore US scandal brings Ramaphosa''s ties into …

2022-5-31 · Amid the scandal in the aftermath of mining company Glencore pleading guilty in the US to bribery and market manipulation, analysts on Monday said President Cyril Ramaphosa''s close business ties with the commodities and oil producer could see him hauled before parliament to answer questions from opposition MPs. This could further tarnish his reputation as […]

Mine Owned By Swiss-based Giant, Glencore Kills 43 …

2020-6-15 · The number of artisanal miners killed by a landslide at a copper and cobalt mine owned by Swiss-based mining giant Glencore in southern Democratic Republic of the Congo (DRC) has risen to 43, according to the latest information released by officials. The search for more of the miners could mean the number of dead will still increase.

Glencore Xstrata signs iron ore deal with Mauritanian miner

2014-6-6 · Mauritania-based state mining firm Société Nationale Industrielle et Minière de Mauritanie (SNIM) has announced that it has signed a deal with the international commodities producer and trader Glencore Xstrata. According to the agreement, Glencore Xstrata will be able to develop its Askaf iron ore project, while SNIM will provide rail and ...

Paradise Papers: Mining for Control in Glencore''s Congo

2022-1-5 · Glencore has confirmed that price negotiations did, in fact, take place in 2008. According to the Swiss company''s version of events, the Congolese government and Katanga Mining had already ...

Glencore unit delays Mauritania project due to iron ore …

2014-10-29 · Sphere Minerals, a subsidiary of commodity trading and mining giant Glencore said it will slow down development of its Askaf iron ore project in Mauritania in response to the fall in prices for the steel ingredient. Iron ore has lost about 40 percent of its value so far this year and is expected to decline further in the next few years as additional supply more than offsets weaker …

Glencore `forced'' to sell mine

2016-2-5 · "Once Glencore was forced to sell the mine to the Guptas, it was then arranged that the path for Tegeta would be eased to get supply contracts with Eskom and get let off a considerable fine." Zwane participated in the sale in the interest of saving jobs at Optimum, his ministry said on Feb. 1.

Glencore sets sights on Mauritanian ore | World …

2014-3-31 · A $1bn contract between Glencore Xstrata and the West African nation could help the former realise a long-running iron ore ambition. Anglo-Swiss mining giant Glencore Xstrata has agreed a preliminary contract for access to …

Glencore interested in mining iron ore

2011-8-25 · Glencore owns a 34.5% stake in Xstrata and has commercial agreements to market Xstrata''s nickel and zinc output but such commercial agreements haven''t prevented Glencore from investing in its own ...

Glencore finalises Mauritania iron ore infrastructure …

2014-6-10 · Swiss commodities major Glencore has finalised an iron ore infrastructure agreement for its Askaf project in Mauritania with state-owned miner Societe Nationale Industrielle et Miniere (SNIM). SNIM and Glencore subsidiary Sphere Minerals confirmed the deal in separate statements late last week. Under the terms of the agreement, SNIM will ...

Glencore abandons Mauritania iron ore project …

2015-3-11 · The Askaf deposit is located almost 600 kilometres from port in the west African nation of Mauritania, and Glencore agreed to an 18-year rail and …

El Aouj iron ore mine Report | Wood Mackenzie

2022-3-2 · The El Aouj mine is a proposed open-pit iron ore operation in the Tiris-Zemmour area of Northern Mauritania. It is a 50:50 joint venture between Glencore and SNIM. In Phase 1, the El Aouj "East" deposit, would produce 11 Mtpa of 66.5% Fe concentrate. A Feasibility Study for Stage 1 of the development of the El Aouj East deposit was ...

MAURITANIA : Just four firms remain in race for $600m …

2021-9-21 · Four groups are now vying for the contract to excavate three deposits at the Zouerate iron ore mine owned by Société Nationale Industrielle et Minière (SNIM). Spain''s Epsa International, China''s Norinco and Guangxi Yuanda Construction & Installation, and a consortium made up of Portugal''s Mota-Engil and Morocco''s Cadex were the only firms which in the end …

Mauritania state mining firm signs iron ore deal with …

2014-6-4 · Mauritanian state mining firm SNIM has finalised a deal with Glencore Plc to exploit its Askaf iron ore mine in exchange for access to its rail, port and storage facilities, SNIM said in a statement on Wednesday. Commodities giant Glencore said in its last annual report it was assessing two iron ore projects in the West African country, Askaf and El Aouj, which it said …

2016 Minerals Yearbook MAURITANIA [ADVANCE RELEASE]

Mauritania''s total exports in 2016 compared with 68% in. 2015. Mauritania''s iron ore exports, which increased to nearly. 13.3 million metric tons (Mt) in 2016 from a revised 11.6 Mt. in 2015 ...

Glencore: an audacious business model in the dock

2018-7-11 · This content was published on Mar 14, 2017 Mar 14, 2017 Swiss-based mining group Glencore has distanced itself from Israeli businessman Dan Gertler, implicated in …

MAURITANIA : Al Zubaidi to pick up Glencore property at …

2015-11-3 · Excluded from the Tambao manganese project in Burkina Faso in the early 2010s (), Zain al Zubaidi could well pop up again in iron ore in Mauritania.The Emirati businessman and chairman of Al Rawda Resources is offering to lay out $10 million to wrest ownership of the Askaf iron project from the beleaguered giant Glencore.Al Rawda is also pledging to pay Glencore a …

Sphere Minerals

2015-12-8 · • After more than 10 years in Mauritania and three years in partnership with Glencore, Sphere is ready to start construction of Askaf – 600 operating employees and 2000 construction jobs • We have solved many problems together already • We have a world class Mining Convention and Mining Code, which will stabilise and regulate the mine 13

SNIM Open Pit Iron Ore Mining – Mauritania

2021-5-12 · Approximately 50% of the 10Mtpa–12Mtpa ore produced is processed at the mining area plants and the remainder at Point Central. SNIM markets several grades: 0mm to 90mm and 8mm to 30mm lump ores, sinter fines and high-phosphorus concentrates. In 2004, SNIM mined 10.7Mt of ore and shipped 11Mt of product, 14.3% more than in 2003.

IMF Country Report No. 15/36 ISLAMIC REPUBLIC OF …

2015-2-23 · Mauritania under the assumption of a finite resource horizon. A fiscal rule targeting a structural resource balance would be appropriate in the scenario of long-lasting resources, possible under the assumption of favorable developments in the global commodity markets. A. Context 1. Mauritania is a country rich in natural resources.

Glencore fined $1.1 billion for foreign bribery and market …

2022-5-30 · Glencore pleaded guilty to foreign bribery and market manipulation schemes. The company has also agreed to pay a fine of more than $1.1 billion. The United States Department of Justice released a statement with details about the government''s investigations into violations of the Foreign Corrupt Practices Act (FCPA) and a commodity price ...

UPDATE 1-Mauritania state mining firm signs iron ore deal with Glencore ...

SNIM Open Pit Iron Ore Mining - Mauritania - Mining