MAURITANIA IRON ORE
October 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) has drawn up plans to lend up to Euro 5 million to help fund a feasibility project into developing a new iron ore mine in Mauritania. The money would go to Aouj SA, a Mauritanian subsidiary of Australia's Sphere Investments Ltd. It would investigate the commercial feasibility of exploiting the Guelb el Aouj iron ore deposit in the north of the country, 35 km from a mine run by Mauritania's Société Nationale Industrielle et Minierè (SNIM). The study - total cost US$11 million - would also examine setting up a ...
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