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Sphere looks to demobilise Askaf contractors

18th November 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) - The ASX-listed subsidiary of Glencore, Sphere Minerals, this week told shareholders that it would demobilise its construction contractor and subcontractors at its Askaf iron project, in Mauritania.

The demobilisation of the contractors was pending on the results of a review launched in October this year.

Sphere had previously told shareholders that the continuing decline of the iron-ore price had prompted the junior to review the $900-million Askaf project, which had originally been slated to start production in 2017.

The review had been expected to delay the start of production at Askaf.

Edited by Creamer Media Reporter

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