https://www.miningweekly.com

Sphere advances Askaf construction

8th May 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior iron-ore developer Sphere Minerals has moved ahead with the development of its Askaf project, in Mauritania, reaching an agreement with Essar Procurement Overseas FZE for the procurement of equipment.

ASX-listed Sphere has also signed a contract with Essar Projects Mauritania for the construction of the Askaf project.

The total value of the projects was estimated at about $600-million.

The $900-million Askaf project was expected to be completed in early 2017. The Askaf North deposit has a total resource of about 404-million tonnes, grading 36% iron, and was expected to deliver about seven-million tonnes a year.

Edited by Creamer Media Reporter

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