Xstrata passes 50% threshold in $515 mil buyout of …
Sin Tang had countered Xstrata's takeover offer by pitching a plan toprovide the funding to develop Sphere's Askaf iron ore project in Mauritaniainto production via equity raising at A$3.25/share, targeted at raising A$111million, and securing $350 million in debt funding from a Chinese bank.
Mining Weekly
Askaf iron-ore project, Mauritania. 23rd July 2010 By: Sheila Barradas - Creamer Media Research Coordinator & Senior Deputy Editor. Name and Location Askaf iron-ore project, Mauritania.
Mauritania state mining firm signs iron ore deal with Glencore
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 …
Sphere to build $900m iron-ore mine in Mauritania
The board of junior Sphere Minerals on Thursday approved the $900-million development of the Askaf North iron-ore project, in Mauritania. The board approval followed a confirmation of key fiscal ...
Mining Weekly
PERTH (miningweekly) – The board of junior Sphere Minerals on Thursday approved the $900-million development of the Askaf North iron-ore project, in Mauritania.
Mauritania's mining industry hit by commodity …
Some large projects have been put on hold following a drop in demand from the Chinese market ... new headquarters of Mauritania's state-owned iron-ore company SNIM, started when the price of the ...
Glencore finalises Mauritania iron ore infrastructure agreement
Swiss commodities major Glencore has finalised an iron ore infrastructure agreement for its Askaf project in Mauritania with state-owned miner Societe Nationale …
Xstrata Bids for Sphere and its Iron Ore Projects | E & MJ
Sphere in an Australia-based junior company with interests in three iron ore projects in Mauritania, West Africa: the large-scale Guelb el Aouj project through a 50:50 joint venture with Société Nationale Industrielle et Minière (SNIM), Mauritania's state-owned iron ore producer; the near-term, -owned Askaf project, located 35 km south ...
Glencore Unit Slows $900 Million West African Iron Ore Project
Oct. 27 (Bloomberg) -- Sphere Minerals Ltd., controlled by Glencore Plc, slowed plans to develop a $900 million iron ore mine in Africa after prices of
Askaf Iron Ore Mine – Labour Accommodation Camp – Dorce
Askaf Iron Ore Mine - Labour Accommodation Camp Project Detail Country Mauritania Date 2014 Sector December 18th, 2015 Share Post Information Request Form Photo Gallery
Mauritania Al Zubaidi to pick up Glencore property at Askaf
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 …
Xstrata targets Sphere for iron ore exposure | Reuters
Coal and base metals miner Xstrata
2015 Minerals Yearbook MAURITANIA [ADVANCE RELEASE] …
PDF | On Jun 1, 2019, Mowafa Taib published 2015 Minerals Yearbook MAURITANIA [ADVANCE RELEASE] | Find, read and cite all the research you need on ResearchGate
Mauritania's mining industry hit by commodity price fall
It was supposed to be the new headquarters of Mauritania's state-owned iron-ore company SNIM, started when the price of the country's main resource was close to $190 a …
Glencore sets sights on Mauritanian ore | World Finance
The move underlines the company's desire to expand into the massive iron ore trade. Almost a quarter of Mauritania's $4bn economy comes from iron ore, and the country is eager to boost production. Mauritania is rich in resources but the presence of the Sahara desert makes access difficult to much of the country.
Mining Weekly
Name and Location Askaf iron-ore project, Mauritania. Client Sphere Minerals, a subsidiary of Glencore. Project Description The project has the potential to create a 7.5-million-tonne-a-year ...
Glencore closer to iron ore ambition
The railway contract is one of the three key obstacles to build the remote Askaf mine. Although Mauritania, which relies on iron ore for half its exports and a quarter of its tiny …
Mauritania state mining firm signs iron ore deal with Glencore
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 …
Xstrata's iron-ore ambitions | Financial Times
Sin-Tang proposed that the funds be used to develop Sphere's Askaf mine in Mauritania. The deposit sits 35 km (22 miles) south of its larger Guelb el Aouj project, a joint venture with ...
Mining Weekly
Name and Location Askaf iron-ore project, Mauritania.. Client Sphere Minerals, a subsidiary of Glencore.. Project Description The project has the potential to create a 7.5-million-tonne-a-year ...
SNIM Open Pit Iron Ore Mining
Miferma (Mines de Fer de Mauritanie) was created in 1952 to exploit iron ore deposits in the Kedia d'Idjil area of northern Mauritania. A mining centre was constructed at Zouerate together with port facilities at Nouadhibou …
Mauritania set to double iron production
Mauritania, Africa's second largest iron producer, is putting its national flagship, SNIM, back on track to double its production by 2026. ... iron ore was the country's leading export item in 2021, accounting for €1.5bn, ahead of fishery products (€586m), copper (€217m) and gold (€273m), with the Chinese market as the main buyer ...
Sphere to build $900m iron-ore mine in Mauritania
The board of junior Sphere Minerals on Thursday approved the $900-million development of the Askaf North iron-ore project, in Mauritania. The board approval followed …
Mauritania: Mining, Minerals, and Fuel Resources
Mauritania is rich in iron ore deposits. However, the country is largely dependent on agriculture and fishing. ... Xstrata operates three iron ore projects in Mauritania, namely, the Guelb el Aouj, the Askaf, and the Lebtheinia permits. In order to develop production in 2010, the company planned to invest $6 billion into these projects.
Askaf iron-ore project, Mauritania
Sphere Minerals has executed an exclusive option to Al Rawda Resources to buy an 80% interest in its Askaf project.
Mauritania set to double iron production
Mauritania, Africa's second largest iron producer, is putting its national flagship, SNIM, back on track to double its production by 2026. ... iron ore was the country's leading …
Brief: Sphere Minerals
Sphere Minerals has announced a maiden inferred mineral resource of 319m tonnes for the company's Askaf iron ore project in Mauritania from the recently drilled Askaf North Deposit.
RELEASE DATE: 22 October 2009 TO: Manager …
to as "Prodemas") to evaluate engineering scenarios for its iron ore portfolio including the magnetite-quartzite deposits at the Askaf Iron Ore Project in Mauritania (formerly referred to by Sphere as EL172 – see Figures 2 and 3). Askaf includes six magnetite-quartzite deposits – the largest of which are Akhdar and Abiad (see Figure 3).
Askaf iron-ore project, Mauritania
Sphere Minerals will slow down the development of the Askaf iron project as it initiates a review of the project.
Askaf iron ore mine Report | Wood Mackenzie
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 …