Guelb el Aouj iron-ore project, Mauritania
Name and location
Guelb el Aouj iron-ore project, Mauritania.
Project description
The project will see the construction of an openpit mine and processing plant at the Guelb el Aouj East deposit to process 17-million tons a year of magnetite-quartzite primary crusher feed to produce seven-million tons a year of direct-reduction-grade iron-ore pellets for about 30 years.
These high-quality pellets will be railed 650 km to the coast using Société Nationale Industrielle et Minière's (SNIM's) existing iron-ore railway and then shipped through SNIM's iron-ore port at Nouadhibou to nearby markets in North Africa and the Middle East.
The Guelb el Aouj joint-venture area covers a region of 520 km2.
Value
The project will cost an estimated $2,14-billion.
Duration
Not stated.
Breakdown of main contracts
Not stated.
Client
Sphere Investments (25,05%), SNIM (25,05%) and Qatar Steel (49,9%).
Latest developments
The definitive feasibility study on the project has been completed and has provided the basis for the partners to proceed with the financing and development of the project.
The environmental-impact study for the project is currently in the second phase of the environmental-approval process, and is expected to be finalised shortly.
Participants
None stated.
Construction materials
Not stated.
On budget and on time?
Too early to state.
Contact details for project information
Sphere Investments, tel +61 8 9322 5222, fax +61 8 9322 5444
or email info@sphereinvestments.com.au.
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