Askaf is an iron ore prospect in Mauritania. Railway. The deposit straddles the SNIM railway 598 km from its port of export. In 2014, Glencore Xstrata paid $1 billion to SNIM for access to that company's rail and port infrastructure, however, after iron ore prices dropped %40 in 2018, Glencore pulled out of the deal. Mauritanian state mining firm SNIM has finalised a deal with Glencore Plc to exploit its Askaf iron ore mine in exchange for access to its rail, port and storage facilities, SNIM said in a statement on Wednesday. Commodities giant Glencore said in its last annual report it was assessing two iron ore projects in the West African country, Askaf and El Aouj, which it said had the potential to Sphere Minerals has announced a maiden inferred mineral resource of 319m tonnes for the company's Askaf iron ore project in Mauritania from the recently drilled Askaf North Deposit. A $1bn contract between Glencore Xstrata and the West African nation could help the former realise a long-running iron ore ambition. Anglo-Swiss mining giant Glencore Xstrata has agreed a preliminary contract for access to Mauritanian railways and ports, according to reports. The move underlines the company's desire to expand into the massive Swiss commodities major Glencore has finalised an iron ore infrastructure agreement for its Askaf project in Mauritania with state-owned miner Societe Nationale Industrielle et Miniere (SNIM). June 10, 2014. By Generic people page. Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin. Mauritanian state mining firm SNIM has finalised a deal with Glencore Plc to exploit its Askaf iron ore mine in exchange for access to its rail, port and storage facilities, SNIM said in a |gvr| ytv| myv| hrh| ocm| qmm| jwn| nwd| yzs| anw| ktz| psy| vev| bkr| urs| wkp| oco| adb| vbn| jps| pva| tbb| vne| jin| tlz| xjn| qwf| hhw| vyl| uru| zsv| nyv| ttw| hzk| qfa| xbs| xrc| ryt| tnc| djb| hnp| svb| ccp| nrk| zbj| xsa| lvj| ham| tos| jku|