Glencore and SNIM discuss El Aouj iron project while Soc Gen works on financing

Mohamed Vall Ould Tleimidi, head of the Société Nationale Industrielle et Minière (SNIM), is continuing his initiatives to set up and relaunch various partnerships to boost the national operator’s iron production. 

09/06/2022 at 16h01, by Africa Business+

The El Ajouj ore development project, on the back burner since 2015 when iron prices plummeted from just over $40 per tonne in December of that year to over $146 per tonne today, is back in the news.

Recommended articles

Construction & Infrastructure

08/02/2023 at 17h23, by Africa Business+

SNIM subsidiary ATTM and ETER entrusted with two strategic projects by Nouakchott 

The authorities have mandated the two public industrial and commercial establishments (EPIC) to renovate...

Construction & Infrastructure

28/11/2022 at 18h57, by Africa Business+

Nani Chrougha ousts CRBC in favour of ATTM on Achemim-N’Beiket Lahwach $14.49m corridor

The Mauritanian Minister of Equipment and Transport ruled out the China Road and Bridge Corporation...

Mines

17/06/2022 at 14h52, by Africa Business+

New revelations in Glencore’s African corruption case

While all eyes are on the Nigerian verdict, the Swiss mining group last month pleaded guilty to corruption...

Energy

02/03/2022 at 17h51, by Africa Business+

DR Congo SNEL completes $375 million financing with Glencore

In return for repayments in kind, the state-owned power group has received the final tranche of funding...

Mines

18/02/2022 at 16h51, by Africa Business+

Mopani Mine: Zambia’s debt to Glencore reduced to $900m

The Zambian government committed to paying $1.5 billion when it bought the Mopani copper mine on credit...

Oil & Gas

01/02/2022 at 18h29, by Africa Business+

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com