Mauritania approves over $2 billion investment for Al-Aouja Iron Ore Project
2026-08-07 11:26:36 [Print]
The Mauritanian government has announced that the board of directors of Al-Awj Mining (EMC) has taken the final investment decision for the Al-Aouja iron ore concentrate project, located in the Guelb Al-Aouja region. The total investment in the development is expected to exceed $2 billion.
National Industrial and Mining Company (SNIM), a Mauritania-based iron ore producer, holds a 92% stake in Al-Awj Mining, the project owner.
According to the government, the Al-Aouja project is designed to produce 11.3 million metric tonnes of iron ore concentrate annually, to be developed in two phases. The project has a planned operational lifespan of 40 years.
SNIM, as the majority shareholder of Al-Awj Mining, will finance 40% of the project costs from its own resources.
The development will include the construction of an ore processing plant and a secondary railway line, along with the necessary equipment and facilities for mining operations. The government noted that the Al-Aouja project is expected to create more than 1,200 direct jobs and generate substantial revenue for the country.
National Industrial and Mining Company (SNIM), a Mauritania-based iron ore producer, holds a 92% stake in Al-Awj Mining, the project owner.
According to the government, the Al-Aouja project is designed to produce 11.3 million metric tonnes of iron ore concentrate annually, to be developed in two phases. The project has a planned operational lifespan of 40 years.
SNIM, as the majority shareholder of Al-Awj Mining, will finance 40% of the project costs from its own resources.
The development will include the construction of an ore processing plant and a secondary railway line, along with the necessary equipment and facilities for mining operations. The government noted that the Al-Aouja project is expected to create more than 1,200 direct jobs and generate substantial revenue for the country.
