Asset Report
Zouerate System iron ore mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Zouerate System includes the Kedia and M'Haoudat mines. The mines are owned and operated by Mauritania's state-owned mining company, SNIM. Mining occurs across five pits with an average raw ore grade of 56% Fe. At current prices, the Zouerate System would be profitable, which will support ongoing production but also pressure management at SNIM to increase wages, an ongoing issue for the operator. Due to its geographic location, SNIM had been ideally placed to sell its ore into Europe, but with stagnant steel demand in the EU, sales to China have increased year on year and are now at 65% of total sales.
Table of contents
- Summary
- Key issues
Tables and charts
This report includes the following images and tables:
- Detail map
- Participation
- Marketable reserves (01/01/2024)
- Production
- Operations
- Infrastructure
- Cash costs
- Capital costs
- Product quality
- Economic assumptions
What's included
This report contains:
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