Askaf is medium sized project in the Tiris-Zemmour District of northern Mauritania. In 2015, Glencore stopped development and wrote-off much of the value of this project. With these developments we have pushed back first production to 2024 for the purpose of modelling the project's cash flows, but it is also likely the project will never
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Subsidiary of Swiss-based mining company Glencore, Sphere Minerals, has slowed down the development of its $900m Askaf iron ore project in Mauritania, due to a slump in the price of the metal. Glencore-owned Sidero holds 88% of Sphere Minerals, which has a 79% share of the Askaf project, reports Bloomberg.
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2021-2-14 Owner: Sphere Mineral (Subsidiary of Glencore Xstrata) Project Details: Constructing a 7.5 million tonnes a year iron ore beneficiation plant . Value: US $ 600 Million . Location: Askaf Iron Mines, Mauritania . Our Client: Essar Projects . Scope of Work: Engineering Procurement and Construction including associated facilities, a primary crusher, secondary crusher, dry magnetic separator, high
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Mining Journal Xstrata offers cash for Mauritanian iron ore Xstrata offers cash for Mauritanian iron ore the Askaf iron-ore project in Mauritania. $50 million on a pre-feasibility study to earn a controlling »More detailed
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Sphere Minerals, a subsidiary of commodity trading and mining giant Glencore said it will slow down development of its Askaf iron ore project in Mauritania in response to the fall in prices for the steel ingredient. Iron ore has lost about 40 percent of its value so far this year and is expected to decline further in the next few years as additional supply more than offsets weaker demand growth.
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2015-3-11 The Askaf iron ore project has been developed by Glencore under the banner of Australian-listed company Sphere Minerals, which is 88 per cent owned by the Swiss miner.
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Project description. The project involves the expansion of the operations of the Société Nationale Industrielle et Minière (”SNIM”) at its Guelb el Rhein iron ore mine located 25 km North-East of Zouérate in Northern Mauritania, and related processing and transportation activities
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2014-10-29 Sphere Minerals, a subsidiary of commodity trading and mining giant Glencore said it will slow down development of its Askaf iron ore project in Mauritania in response to the fall in prices for
Contact[randpic] Askaf iron ore mine Report Wood Mackenzie Askaf is medium sized project in the Tiris-Zemmour District of northern Mauritania. In 2015, G
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