The Government of Mauritania has announced a decision to invest more than $2 billion in the Al-Auja iron ore project

According to a statement released by the Government of Mauritania, the Board of Directors of Al-Awj Mining (EMC) has made the final investment decision on the Al-Awj iron ore concentrate project, which will be developed in the Guelb Al-Awj region. The total investment in the project will exceed $ 2 billion.

In a press release, the Council of Ministers of Mauritania stated that Al-Awj Mining had taken over the decision being made at a board meeting. The Government noted that this decision is in line with the commitments made by the project organizers and the current progress made in the country's mining and industrial sectors.

The Mauritania-based National Industrial and Mining Company (SNIM), an iron ore producer, owns 92 percent of the company's shares. a stake in Al-Awj Mining, the owner of the project.

The annual production capacity will reach 11.3 million tons

According to the Government of Mauritania, the Al-Auja project aims to produce a total of 11.3 million tons of iron ore concentrate per year in two phases. The planned life of the project is 40 years.

SNIM, the majority shareholder of Al-Awj Mining, will provide 40% of the project financing from its own funds.

The project will include the construction of an ore processing plant and an auxiliary railway line, as well as equipment and facilities to be used in mining operations. The Government of Mauritania has stated that this infrastructure will support production and transportation activities at the Al-Auja field..

It is expected that more than 1,200 jobs will be created as a result of the project.

According to information provided by the government, Al- Aouja project is expected to create more than 1,200 direct jobs and generate revenue for the country. The project is also expected to have an economic and social impact on local communities in the region.

The Mauritanian Government has stated that the Al-Auja project is part of broader initiatives planned to develop the country's mining sector. As one of the leading iron ore producers in the region, Mauritania is striving to increase its production capacity and strengthen the role of the mining sector in the national economy.