29/03/2024 11:34
Health
ITC
Development & Economy
Environment
Tourism
Agriculture
Women & development
Youth & Sport
Social Security
Education
G. Governance
Mauritania
 
             
 
         
 
  Development & Economy  
     
Investment
fishing
Mines & Petroleum
infrastructure and transport
Industry and commerce

 

ArcelorMittal signs Mauritanian iron ore deal  

BRUSSELS, Jan 8 (Reuters) - ArcelorMittal (ISPA.AS: Quote, Profile, Research), the world's largest steelmaker, said on Tuesday it had signed a deal with Mauritania's Societe Nationale Industrielle et Miniere (SNIM) to develop an iron ore mining project.

"Under the terms of the Memorandum of Understanding, SNIM and ArcelorMittal will jointly develop a large iron ore mining project, using the El Agareb Iron ore resource in Mauritania," a statement from the company said.

"Mauritania's strategic location in West Africa makes it an ideal choice for iron ore supplies to ArcelorMittal's European steel mills," ArcelorMittal's Chief Financial Officer, Aditya Mittal, said in the statement. No financial details were disclosed.

ArcelorMittal is seeking to raise its iron ore production to 75 percent of its consumption in the coming years. (Reporting by Julien Ponthus; Editing by Paul Bolding)

 
Source: reuters.com  

 
   

Votre commentaire
 
Nom
Email
Commentaire
 



All rights reserved 2023 Mauritanian Development Gateway
Tel : 20 30 40 72 - 46 45 31 43 - Fax 525 30 23 - BP 4938
Email : ecms30@gmail.com
Email : ecms30@pmd.mr
Nombre de tous les visiteurs : #
Nombre de visiteur en ligne : #

Powered By: MajorSystems