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Mauritania | Business, Economy and Investment News

58K views 144 replies 19 participants last post by  mouadh25 
#1 · (Edited)
This thread is opened for Mauritania | Business, Economy, Infrastructure and Investment News and other related discussions.

I hesitated for a long time to open this thread because 95% of the news is in french.
But hey, there's google translate !! :)

Any questions feel free to ask.
Any contributions, please feel free to add.
 
#62 ·
Kinross: Tasiast-Expansion Commitment To Hit $1 Billion By Year-End; Production Set For 2014
11/03/2011

(Kitco News)– Kinross Gold Corp. anticipates it will have spent $400 million and committed $1 billion to expansion of the promising Tasiast mine in the African nation of Mauritania by end of the year. It targets gold production from the project will begin in 2014.

Tasiast, acquired last year after a friendly takeover of Red Back Mining, is one of several projects in Kinross’ pipeline that collectively are expected to double the gold-mining company’s 2010 output by 2015.


... rest of the artricle
http://www.forbes.com/sites/kitcone...-billion-by-year-end-production-set-for-2014/
...
 
#65 ·



- Projet de décret portant approbation du contrat d'exploration-production signé le 27 octobre 2011 sur le bloc C-10 du bassin côtier entre l'Etat et certaines sociétés dont l'opérateur est Tullow Mauritania Limited;

Les trois projets de décrets ci-dessus portent respectivement sur la régularisation et l'approbation d'un contrat d'exploration-production et de deux avenants à contrats de partages avec certaines sociétés pétrolières.

- Projet de décret accordant le permis de recherche n°815 pour les substances du groupe 2 (Or et substances connexes) dans la zone de Maghama (Wilaya du Gorgol) au profit de la société Peaks Metals Mining & Technology.Co ;

- Projet de décret accordant le permis de recherche n°1160 pour les substances du groupe 2 (Or et substances connexes) dans la zone de Hadeibet Nsil (Wilaya de Dakhlet Nouadhibou) au profit de la société Drake Ressources Ltd ;

- Projet de décret accordant le permis de recherche n°1175 pour les substances du groupe 2 (Or et substances connexes) dans la zone de Tigjarat (Wilayas de l'Adrar et de l'Inchiri) au profit de la société Négoce International Mining ;

- Projet de décret accordant le permis de recherche n°1240 pour les substances du groupe 2 (Or et substances connexes) dans la zone de Gleibat Lmhar (Wilaya du Tiris Zemmour) au profit de la société Curve Capital Ventures Ltd ;

- Projet de décret accordant le permis de recherche n°1324 pour les substances du groupe 2 (Or et substances connexes) dans la zone d'Oued El Gouirat (Wilaya de l'Adrar) au profit de la société Karfahane Co. Limited ;

- Projet de décret accordant le permis de recherche n°1340 pour les substances du groupe 4 (Uranium et autres éléments radioactifs) dans la zone d'Oummat Chegag (Wilaya du Tiris Zemmour) au profit de la société Orecorp Mauritania Sarl ;

- Projet de décret accordant le permis de recherche n°1391 pour les substances du groupe 2 (Or et substances connexes) dans la zone de Bir Emebou (Wilaya du Tiris Zemmour) au profit de la société Earthston Ressources Mauritania Sarl ;

- Projet de décret accordant le permis de recherche n°1395 pour les substances du groupe 2 (Or et substances connexes) dans la zone d'Achguig (Wilaya du Tiris Zemmour) au profit de la société Earthston Ressources Mauritania Sarl ;

- Projet de décret accordant le permis de recherche n°1436 pour les substances du groupe 3 (Tourbe et autres éléments combustibles fossiles) dans la zone de Tiguinte (Wilaya du Trarza) au profit de la société Négoce International Mining;

- Projet de décret accordant le permis de recherche n°1439 pour les substances du groupe 2 (Or et substances connexes) dans la zone de Tijraj Sud (Wilayas de l'Adrar et de l'Inchiri) au profit de la société Tafoli Minerals Sarl ;

- Projet de décret accordant le permis de recherche n°1465 pour les substances du group 1 (Fer et substances connexes) dans la zone de Metairat (Wilaya du Guidimagha) au profit de la société ES. Minerals Mauritania Sarl ;

- Projet de décret accordant le permis de recherche n°1477 pour les substances du groupe 1 (Fer et substances connexes) dans la zone Ould Hjour (Wilaya de l'Adrar) au profit de la société ES. Minerals Mauritania Sarl ;

- Projet de décret accordant le permis de recherche n°1480 pour les substances du groupe 1 (Fer et substances connexes) dans la zone de Tijania (Wilayas de l'Assaba et du Gorgol) au profit de la société ES. Minerals Mauritania Sarl ;

- Projet de décret accordant le permis de recherche n°1491 pour les substances du groupe 4 (Uranium et autres éléments radioactifs) dans la zone de Khoula (Wilaya du Hodh El Charghi) au profit de la société Général Minière Mauritanienne.

- Projet de décret accordant le permis de recherche n°1509 pour les substances du groupe 4 (Uranium et autres éléments radioactifs) dans la zone d'Oumou Tyour (Wilaya de l'Inchiri) au profit de la société Mauritania Energy Minerals Sa ;

- Projet de décret accordant le permis de recherche n°1510 pour les substances du groupe 4 (Uranium et autres éléments radioactifs) dans la zone de Khatt Eizzene (Wilaya de l'Inchiri) au profit de la société Mauritania Energy Minerals Sa ;

- Projet de décret accordant le permis de recherche n°1564 pour les substances du groupe 1 (Fer et substances connexes) dans la zone de Medinet El Aouat (Wilaya de l'Inchiri) au profit de la société Pacific Andes Ressources Développement Limited ;

- Projet de décret accordant le permis de recherche n°1565 pour les substances du groupe 1 (Fer et substances connexes) dans la zone de Steilet Yati (Wilayas de Dakhlet Nouadhibou de l'Inchiri) au profit de la société Pacific Andes Ressources Développement Limited ;


Source :Agence Mauritanienne d'Information
^^
On November 3rd, 2011 the Council of Ministers considered and adopted the following draft decrees concerning exploration permits for minerals oil/gas and other substances.
:cheers:
 
#68 ·
new nouakchott international airport
موريتانيا: مطار جديد بطاقة 2 مليون مسافر سنويا




الأخبار / (نواكشوط) – صادق مجلس الوزراء في اجتماعه اليوم الخميس (10/13) على الاتفاقية التي حددت المعايير الفنية لتشييد مطار دولي جديد لنواكشوط، والتي قدمها بيان مشترك لوزيري التجهيز والنقل والاقتصاد والتنمية ، وتصل الطاقة الاستيعابية للمطار الدولي الجديد مليوني مسافر سنويا.

وحسب بيان مجلس الوزراء فسيتم إنجاز المشروع خلال 24 شهرا.

وقد اعتمدت الجهات المسؤولة عن المشروع شركة النجاح للأشغال الكبرى منفذا للمشروع بعد أن قدمت التزاما يتضمن "كامل التفاصيل والمخططات طبقا لمعايير الجودة المتعارف عليها دوليا ، وتوفير المرافق والخدمات ، إضافة لمتابعة وتحسين الأثر السلبي للبيئة".
وفي تصريح صحفي للمدير الفني لشركة النجاح لأشغال الكبرى NMW SA ــ صاحبة الصفقة والمملوكة لمجموعة أحمد سالك ولد محمد الأمين بمساهمة بارزة من مجموعة عبد الله ولد انويكظ ــ قال المدير الفني إن الشركة "لديها خبرة رائدة في مجال الإنشاء والتعمير" ، مقدما فوز الشركة بمجموعة من الشهادات العالمية في مجال الجودة والمحافظة على البيئة" ، إضافة "لمجال نظام إدارة السلامة والصحة المهنية".
المشروع في أرقام
- الاستيعاب: 2 مليون مسافر سنويا.
- طراز الطائرات: كافة الطائرات بما فيها أبوينغ 747 ، وأيرباص A380
- عدد مدرجات الهبوط: 2 مدرج
- محطة الركاب (TERMINAL): 18000 م²
- قاعات شرف: 3000 م²
- ارتفاع برج المراقبة: 42 م.
- اليد العاملة في تنفيذ المشروع (مباشر): 600 فرصة عمل
- أجل التنفيذ: 24 شهرا.
- الموقع: 20 كلم على طريق نواذيبو.
ونبه المدير الفني إلى "الانعكاسات الإيجابية التي سيشهدها قطاعي النقل والشحن الجوي فور اكتمال مشروع نواكشوط الدولي الجديد".

وأشار المدير الفني إلى أن الشركة انتدبت "عدة مكاتب أجنبية متخصصة في الدراسات الهندسية للمطارات لاستيفاء دراسة فنية للمشروع ، انطلاقا من المعطيات الجيولوجية والجوية والإنشائية وغيرها من العوامل التقنية".

وتصل الطاقة الاستيعابية للمطار الدولي الجديد إلى 2 مليون مسافر سنويا ، ويمكنه استقبال كافة الطائرات بما فيها ابوينغ 747 ، وأيرباص A380 ، ولديه مرجي هبوط، ، أما محطة ركابه (TERMINAL) فتصل مساحتها إلى 18000 م² ، وبه قاعة شرف تصل مساحتها إلى 3000 م² ، كما يصل ارتفاع برج مراقبته إلى 42 متر.

وسيوفر المشروع الجديد 600 فرصة عمل ، ويصل أجل تنفيذه إلى 24 شهرا ، وسيقام عند الكيلومتر 20 على طريق نواكشوط/نواذيبو
 
#72 ·
Mauritania Oil - production
information in this post should be as accurate as of October 14, 2011


Oil - production (bbl/day)


Oil Production in 2001: 0
Oil Production in 2005: 0
Oil Production in 2006: 75,000
Oil Production in 2007: 14,990
Oil Production in 2009: 16,510
Definition of Oil - production: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.




Mauritania is 76th oil producer in the world with 16,510 bbl/day
Compared to nr 1 producer Russia: 10,120,000
Compared to nr 2 producer Saudi Arabia: 9,764,000
14 Nigeria 2,211,000
15 Algeria 2,125,000
16 Angola 1,948,000
30 Sudan 486,700
34 Eq Guinea 346,000
88 Ghana 7,081
year of estimate is 2009 or 2010
Definition: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors




Oil - consumption: 20,000 bbl/day (2010 est.)
Definition: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.

Oil - imports: 17,750 bbl/day (2009 est.)
Definition: This entry is the total oil imported in barrels per day (bbl/day), including both crude oil and oil products.


Oil - exports: 10,000 bbl/day (2009 est.)
Definition: This entry is the total oil exported in barrels per day (bbl/day), including both crude oil and oil products


Oil - proved reserves: 100 million bbl (1 January 2011 est.)
Definition: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.


source: Indexmundi

OFFSHORE AND ONSHORE POTENTIAL FOR OIL AND/OR GAS PRODUCTION










^^
Ras Siyan and Harrys this should give you a better picture about Oil production, consumption and potential in Mauritania.
 
#74 ·
Corruption is one of the major issues holding Mauritania down.
Others being in my opinion tribalism and illiteracy.

Corruption exists in Mauritania at all levels of the state.
From the traffic police officer to the corporate bodies, political bodies, judicial, economic, social and military personnel.
Corruption occurs particularly in the "expenses for equipment, recruitment, bank loans, fishing licensing, distribution of land, payments of taxes."
Beneficiants being managerial staff and government officials favored by the authorities.


Mauritania has enough ressources for its population to live in ''acceptable'' conditions. If we had a government sincerely willing to focus on infrastructure development and fighting against corruption, illiteracy and tribalism things would go better within a year.

Its better today than in the 1980-2005 period though.
The last two years some efforts have been made for more transparency in state governance though i doubt people on the ground feel the effect.
 
#75 ·
Mauritania frees up its airwaves to private sector
2011-11-25




NOUAKCHOTT - Mauritania this week opened its airwaves to two new television and five radio broadcasters from the private sector, but the government warned against anarchy.

Government gives green light to two new television and five radio broadcasters from private sector, putting end to half a century of state monopoly on media.

Communications Minister Hamdi Ould Mahjoub on Thursday handed out licences at a ceremony in Nouakchott, where he said that the move was "a real challenge" but "should not be assimilated with anarchy".

"We should rather submit this operation, as the law stipulates, to precise and clear rules dictated by our social and cultural realities and specific aspects of our political and economic system," he added.

The measure puts an end to half a century of a state monopoly on the media in the large and mainly desert country in northwest Africa, and Ould Mahjoub said that more new privately owned media outlets could follow.

The minister added that the government was currently working on a means to change the regulation of the public sector radio and television stations to keep them mainly or wholly state-owned, while putting "a definitive end to the control of information by the authorities".

The deliverance of the licences took place four days after the High Authority of the Press and the Audiovisual Sector (HAPA) announced authorisations for the two television stations and five radio channels out of a total of 27 applications it had received.

Private radio and television stations hardly existed in Mauritania, which has two public television channels, one on satellite, and two small private television stations allowed to broadcast on the Internet.

There are currently also two public radio channels. Some private radios broadcast on the Internet, but without official authorisation.


source: Middle East online
...
 
#76 ·
Islamic Bank of Mauritania opened in Nouakchott
November 27, 2011




The Islamic Bank of Mauritania (BIM) has opened its doors this Sunday, November 27th in Nouakchott.
The headquarters of the BIM is at Ksar King Faisal Avenue .

The opening ceremony of the new bank with a capital of 6 billion of UM was held in the presence of the Minister of Finance, the Governor of the BCM, the mayor of the Ksar, the President of Tamwell Africa Holdings and the CEO of IDB, Khaled Al Abood.

"The capital of the BIM is 60% owned by the Islamic Corporation for Private Sector Development (SIDSP), a subsidiary of the IDB and 40% by ASYA Bank, one of the largest Islamic banks in Turkey."

BIM, as its name suggests is an Islamic bank which "all products and services are compatible with the Sharia. "A network of subsidiaries covers the sub-region (Niger, Senegal and Guinea).

The opening ceremony was started by a welcome speech by Mohamed ben Othman, Director General of the BIM. The word was then given to Khaled Al Abood and the governor of the BCM. He then carried out the symbolic ribbon cutting and tour of the premises of the new bank.


Contact:
La Banque Islamique de Mauritanie
402, Avenue Roi Fayçal- Ksar.
BP 5056 Nouakchott; Mauritanie.
Tél: 45 25 25 07


source: Cridem



















...
 
#78 ·
Inauguration du siège de la sûreté nationale
26-11-2011



Le ministre de l'intérieur et de la décentralisation, M. Mohamed Ould Boilil a inauguré samedi à Nouakchott, en présence du ministre de l'habitat, de l'urbanisme et de l'aménagement du territoire, le siège de la sûreté nationale, dans le cadre des festivités commémoratives de l'indépendance nationale.

Constitués de 256 bureaux repartis sur 5 niveaux pour la partie centrale et 4 niveaux pour les parties latérales avec un sou -sol abritant un parking, des salles d'archives et des magasins de stockage desservis par 5 ascenseurs, ces bâtiments sont construits par l'AMEXTIPE.

Dans son mot pour l'occasion, le ministre de l'intérieur et de la décentralisation, M. Mohamed Ould Boilil a précisé que cette action vient s'ajouter à celles relatives à la promulgation du statut des personnels de la police nationale et ses textes d'application dont l'objectif est de mettre les cadres et agents de la sûreté dans les conditions optimales permettant la réalisation des missions qui leur sont dévolues.

Pour sa part, le directeur général de l'AMEXTIPE, M. Mohamed Ould Bahiya a précisé que la réalisation de cet édifice s'inscrit dans le cadre des efforts de l'Etat visant à améliorer les conditions des établissements publics et moderniser ses infrastructures.

Accompagné du directeur général de la sûreté nationale, le général de brigade Mohamed Ould Hady, la délégation ministérielle a visité les différentes composantes dudit siège.


source: Cridem
^^
Inauguration of new headquarters of National Security:
Made up of 256 offices spread over five levels for the central part and four levels to the sides with a parking, rooms for archives and storage areas served by five lifts, these buildings are built by the mauritanian AMEXTIPE.
 
#81 ·
Mauritanie: Chiffre d'affaires de la Société minière
15/01/2012



La Société minière de Mauritanie a réalisé en 2011 un chiffre d'affaires de près de 1,5 milliard de dollars - La société nationale industrielle et minière de Mauritanie (SNIM) a réalisé en 2011 une production de 11,02 millions de tonnes de minerais et un chiffre d’affaires de 415 milliards d’ouguiya, soit 1,439 millions de dollars américains, annonce un communiqué de l’entreprise publié dimanche.

Pour l’année prochaine, la société minière mauritanienne table sur un volume en évolution de 14% par rapport à 2011, soit 121 millions de tonnes, pour un programme de vente de 11,8 millions de tonnes de minerais de fer.

La hausse de la production minière de la SNIM en 2011 marque le début de la mise en exécution d’un cadre stratégique de développement comportant un programme de développement et de modernisation, selon le communiqué.

Ce programme prévoit la construction d’une nouvelle usine d’enrichissement, d’un port minéralier et le renforcement des ressources humaines, en vue de produire 25 millions de tonnes de fer à l’horizon 2018.

source: Pana
^^
The National Mining and Industrial Company(SNIM) has had a turnover of nearly 1,5 billion in 2011.
For next year, the mining company expects an export volume increased by 14% compared to 2011.
Infrastructure will be boosted in 2012.
 
#82 ·
Sudan’s Kenana to Open Sugar Factory in Mauritania
10/01/2012




Khartoum- President Omar Al Bashir and Mauritanian President Mohamed Ould Abdel Aziz directed the concerned parties to promote industrial and economic relations between the two countries, said Minister of Industry Abdul Wahab Mohammad Othman during signing a contract on establishment of Sugar Company in Mauritania by Kenana Sugar Company (KSC).

Minister of Economic Affairs and Development of Mauritania Sayed Ould Tah who signed on behalf of his government pointed out that the establishment of the factory will boost sugar production in Mauritania, lauding KSC for professionalism marked preparatory stage of the project.
Managing Director of KSC Mohammad Mardy al Tijani expressed happiness in cooperating with the Mauritanian side, hoping sustainable collaboration to upgrade development in the two countries.

Further, Othman confirmed readiness of Sudan to provide Mauritania with broad experience in the field of sugar manufacturing, calling for Mauritanian investors to participate in investment renaissance in Sudan witnessed in Sudan lately.
For his side, KSC Chairman of the Board of Director al Zubair Mohammad al Hassan announced completion of feasibility to establish Sugar Company in Mauritania producing 100 thousand tons per day, pledging full support to the project.


source: Sudan Vision Daily
...
 
#85 ·
Mauritania: Emirates airline opens office in Nouakchott
01/02/2012

Nouakchott- Emirates airline on Tuesday opened an office in Nouakchott, Mauritania, to contribute to promote and develop business and tourism within the framework of the strong ancient ties between Mauritania and the United Arab Emirates, the airline's regional director, Ernest Dikoum said.

The Nouakchott-Dubai route will be exploited thanks to a partnership established with some airlines presently flying to the Mauritanian capital - Mauritania Airlines International (MAI), Sénégal Airlines and Royal Air Maroc (RAM).

The establishment of the airline in Nouakchott is within the framework of the strategy outlined by Emirates targeting total coverage of the African continent.

Emirates presently flies to several destinations in North, West, Southern and Eastern Africa.


source: Pana
...
 
#88 ·
Lancement du projet de construction d’un centre national de cardiologie
13-02-2012



Le secrétaire général du ministère de la santé vient de procéder, ce lundi 13 février, à l’hôtel TFeila, au lancement d’un atelier sur le projet de construction et d’équipement d’un centre national de cardiologie à Nouakchott.

Financé par la Banque islamique de développement, à hauteur de 17 millions de dollars, ce centre d’une capacité de 80 à 800 lits va comporter, outre les infrastructures et unités de soins de pointe, un volet de formation au niveau national de cardiologues mais aussi de personnel paramédical. Le chantier du centre trône déjà à l’entrée de l’hôpital Sabah.

Dans son discours d’ouverture, le secrétaire général du ministère de la santé a insisté sur l’importance du projet pour la Mauritanie avant de remercier vivement la BID pour son appui généreux.

Pour le Sg, le but du gouvernement est de pourvoir la Mauritanie en infrastructures adaptées et en personnel spécialisé dans divers domaines de la santé, pour réduire le coût des évacuations sanitaire à l’étranger.

Pour sa part, le représentant de la BID en Mauritanie a loué la coopération entre son organisation et la Mauritanie. Le représentant de cette institution financière islamique a également rappelé la place prépondérante qu’occupe le secteur de la santé dans son action. Après la cérémonie d’ouverture, le panel de participants suivra plusieurs exposés. Le premier, sur le projet et ses composantes, sera présenté par le responsable de l’unité de coordination.

Signalons que cet atelier va durer 2 jours et que la cérémonie s’est déroulée en présence d’un conseiller à la présidence de la République, du représentant de l’OMS en Mauritanie et des directeurs des centres hospitaliers de Nouakchott et d’autres personnalités.

Source :Le Calame (Mauritanie)
^^
Launch of project to build a national center for cardiology. :cheers:
 
#89 ·
Création d’un Conseil d'hommes d'affaires mauritano - turc
15-02-2012



La création d’un Conseil d'hommes d'affaires mauritano - turc a fait l’objet d’un protocole d’accord signé mercredi à Nouakchott par le Patronat mauritanien et une délégation d’hommes d’affaires turcs, a constaté APA dans la capitale mauritanienne.

Ce Conseil vient s’ajouter au cadre de coopération et d'échanges déjà existant entre les opérateurs économiques des deux pays et aux protocoles d'accords signés entre la Chambre de commerce, d'industrie et d'agriculture de Mauritanie et nombre d’institutions turques.

Il permettra d'élargir et de renforcer les activités « sur la base d'avantages réciproques » entre les opérateurs économiques dans les deux pays, a estimé le président de l'Union nationale du patronat mauritanien (UNPM), Ahmed Baba Ould Aziz.

L’installation d’un tel conseil représente également une preuve éloquente de la « forte volonté » de renforcer la coopération entre les hommes d'affaires mauritaniens et turcs, a ajouté Ould Aziz à la cérémonie de signature du protocole d’accord. Pour lui, c’est en outre une marque de la volonté des directions nationales à Nouakchott et Ankara de consolider les « relations fraternelles » existantes entre les deux peuples.

Le patron des patrons mauritaniens a expliqué que la diversité des activités économiques et les rencontres fructueuses entre les hommes d'affaires des deux pays sont autant de facteurs positifs pour la création d'un certain nombre de sociétés générant des avantages multiples. Il a rappelé les diverses potentialités économiques et les prometteuses opportunités d'investissement que recèle la Mauritanie.


Source :Agence de Presse Africaine
^^
The creation of a of Mauritanian-Turkish business council has been an agreed to and signed Wednesday in Nouakchott by the Mauritanian Employers representatives and a delegation of Turkish businessmen.
 
#90 · (Edited)
Mauritania declared EITI Compliant
february 17th, 2012





UK- Peru and Mauritania were this week found to in compliance with the EITI standard. The EITI (Extractive Industries Transparency Initiative) is the global standard that ensures accountability and transparency of the revenues from a country’s extractives sector.

The international EITI Board announced that the two countries have been accepted as “EITI Compliant” at its meeting at Wiston House in the United Kingdom.

Clare Short, Chair of the international EITI Board congratulates Peru and Mauritania saying, “Peru is a leader in natural resource transparency in Latin America, in particular in disclosing payments at the local as well as at the national level. Mauritania has overcome challenging circumstances and demonstrated sustained commitment and leadership in their EITI. I would like to congratulate the government, civil society organisations and companies that have driven the processes in both countries. I welcome Peru’s commitment to advanced transparency regionally, and Mauritania’s plans to expand their EITI into fisheries.”


The decisions of the EITI Board on the EITI status of Mauritania:

The EITI Board designates Mauritania as EITI Compliant as of 15 February 2012.In accordance with the EITI Rules:

Mauritania must be revalidated within 5 years (i.e., by 14 February 2017);
Stakeholders in the process may call for a new validation at any time within that period if they think the process needs reviewing;
Where valid concerns exist that a country has become EITI Compliant, but its implementation of the EITI has subsequently fallen below the standard required for Compliance, then the Board reserves the right to require the country to undergo a new validation or face delisting from the EITI; and
In accordance with the transition procedures for the 2011 edition of the EITI Rules agreed by the EITI Board on 9 June 2011, Mauritania is encouraged to make the transition to the 2011 edition of the EITI Rules as soon as possible. In particular, Mauritania is required to produce EITI reports annually. EITI Reports should cover data no older than the second to last complete accounting period (e.g. an EITI Report published in calendar/financial year 2013 should be based on data no later than calendar/financial year 2011);

The Board congratulates the government of Mauritania for its sustained commitment and leadership of the EITI process. The Board also congratulates the Comité National for its efforts and effective leadership in EITI implementation. The Board calls on the government and multi-stakeholder working group to ensure that the Board’s recommendations are implemented in full, and tasks the EITI International Secretariat with providing regular progress reports to the EITI Board.


Source: EITI International


^^
EITI compliance means that the country has an effective process for annual disclosure and reconciliation of all revenues from its extractives sector, allowing citizens to see how much their country receives from its oil, gas and mining companies.
 
#91 ·
Fédération des services et professions libérales (FSPL) :
Recréer le lien formation-emploi pour lutter contre le chômage des jeunes

Samedi 18 Février 2012




Un salon de l'emploi, premier du genre en Mauritanie, aura lieu les 20 et 21 février prochain à Nouakchott, organisé par la FSPL. L'objectif affiché au cours d'une conférence de presse ce samedi 18 février au siège du patronat mauritanien, est «un diagnostic précis des causes du chômage, et des pistes plausibles pour sa résorption».


Le FMI annonçait il y a quelques mois les résultats macroéconomiques encourageants de la Mauritanie, avec un taux de croissance qui flirte avec les 6%, et une inflation maîtrisée au même taux. Et la population, son chômage dans tout ça? Comment s'organise la répartition de cette richesse créée, quand un chômage endémique, particulièrement des jeunes, est en place depuis des décennies?

C'est la question à laquelle le salon de l'emploi, qui aura lieu du 20 au 21 février, annoncé dans une conférence de presse au siège de l'union nationale du patronat mauritanien (UNPM) à Nouakchott, se propose d'apporter des pistes de réflexions à travers des rencontres avec formateurs, entreprises, état, et diplômés chômeurs.

«L'UNPM est soucieuse de la situation de l'emploi en Mauritanie, particulièrement des jeunes. C'est dans ce cadre que la FPSL organise un premier salon de l'emploi qui s'annonce annuel» annonce en préambule le président de la FSPL, Mohamed Ould Waled.

Les grandes entreprises opérant sur le sol mauritanien auront une interface à travers des stands, qui devraient permettre, dans ces exposition de bénéficier «de présentations des stratégies de ressources humaines, de stages ou de formations dans lesdites sociétés» précise Ould Waled.


Adéquation entre formation et emploi

Un second volet est prévu dans ce salon, où un panel représentatif «débattra pour essayer de mieux cerner et traiter le thème du salon qui est le partenariat entre public et privé pour permettre une meilleure adéquation entre formation et emploi». Traditionnellement, dans la pensée économique, cette adéquation emploi-formation constituant un élément-clé de l'analyse de l'insertion professionnelle des jeunes, surtout dans un contexte mauritanien où les principales études poursuivies sont universitaires, par trop théoriques pour les entreprises qui ont aujourd'hui un besoin d'employés quasi-immédiatement opérationnels.

Cette initiative était importante selon Esseid Ould Abdallahi, SG de l'UNPM, car aujourd'hui, dans le contexte de crise économique persistante, «l'entreprise doit être nécessairement citoyenne, et sans se substituer aux pouvoirs publics, émettre des pistes de réflexion».

Un salon de diagnostic donc. Même si le mal n'est pas complètement connu. À la question d'un journaliste sur le taux de chômage des jeunes, nul n'a été capable d'y répondre.

«Personne dans ce pays, dans ou en dehors du gouvernement ne peut vous dire quel est le nombre de chômeurs mauritaniens. Avec une population de trois millions d'habitants, nous pensons la population productive aux alentours de 1,2 million de personnes; combien d'entre eux travaillent? Le secteur informel est trop important pour avancer un chiffre» explique Chbih Ould Cheikh Melainine, dans un entretien accordé à Noorinfo. D'autant que des statistiques n'ont jamais été faites à ce sujet.


source: MLK for Noor Info
^^
A job fair, the first of its kind in Mauritania, will take place on 20 and 21 February in Nouakchott.
The IMF a few months ago announced the encouraging macroeconomic results of Mauritania, with a growth rate, which reaches 6%, and mastered inflation. The National Union of Employers of Mauritania (UNPM) in Nouakchott, will discuss the distribution of created wealth, the rampant unemployment, especially youth unemployment which is in place for decades to provide lines of thinking through meetings with educators, businesses, state, and unemployed graduates. Large companies operating on Mauritanian soil will have an interface through numerous stands.
 
#93 ·
Projet de minerai de fer Guelb el Aouj

Nous réalisons présentement un étude de faisabilité pour un projet de minerai de fer d'envergure dans le désert du Sahara. L'étude comprend un concentrateur, une usine de bouletage, une mine à ciel ouvert et les infrastructures associées d'une usine qui prévoit produire des boulettes à raison de 7 millions de t/an.Services : étude de faisabilité

Pays : Mauritanie
http://www.snclavalin.com/expertise.php?lang=fr&id=48&sub=1
 
#94 ·
Fox Davies ‘impressed’ with Alecto Minerals’ Chiro copper asset after Mauritania visit
March 12, 2012




Broker Fox-Davies Capital has returned from a visit to Alecto Minerals’ (LON:ALO) Chiro copper asset in Mauritania, and said it was impressed by the conditions in Mauritania and that its perception of the risks of doing business in the country has diminished significantly.

In a flash note, analyst Juan Alvarez said during the visit at the end of last month, the team walked over the Chiron target and found abundant evidence of copper mineralisation “which gives us comfort that the Chiron target is prospective for copper mineralisation and deserves a follow up drilling programme”.

He maintains his ‘speculative buy’ recommendation on the company.

The analyst said the Mauritanian mining industry is currently dominated by iron ore, copper and gold mining.

Recent western interest in the mineral resources of the country has been sparked by the spectacular success of Kinross Gold’s Tasiast project which currently boasts nine million ounces and produces 140,000 ounces per year.

Alvarez also noted First Quantum Minerals’ (LON:FQM) Guelb Moghrein gold-copper mine which began operations in October 2006 and Sphere Investments’ Guelb el Aouj magnetite project which is in the feasibility study stage and boasts a total JORC Resource of 926 million tonnes at 36.2 per cent iron.

During the site visit, the analyst team met with the mining minister and various lower level politicians in the capital Nouakchott.

“We were impressed by the welcoming nature of the people, the facilities, and the very competent country manager that Alecto has employed to handle in-country logistics. Our perception of the risk of doing business in the country, both in terms of corruption and chance of destabilisation has decreased considerably,” Alvarez said. :cheers:

The Chiron copper project sits within the Wad Amour licence, at the southern end of the Mauritanide orogenic belt, which also hosts Tasiast.

The licence is relatively easy to access via five hours of surprisingly good paved road from the capital Nouakchott the analyst said. :cheers:

The team also visited Guinea, where Alecto has entered into a 90 day due diligence period for the acquisition of Forward Africa Resources’ Licence 223 bauxite prospect.

“We will release a separate flash note on this project if Alecto decide to proceed with this acquisition,” the analyst added.


source: Pro Active Investors UK
...
 
#95 ·
MAURITANIDES 2012
March 12, 2012

The 2nd Mauritanian Mining & Oil and Gas Conference & Exhibition (MAURITANIDES 2012) will be held in Nouakchott, Mauritania from 8–11 October 2012.

Its 3 days of plenary sessions and workshops, exhibitions and site visits will give delegates a platform to exchange experiences and establish business partnerships in Mauritania!
New: Special focus on Mauritania’s promising oil & gas sector!


Adresse : Palais des Congrès, Nouakchott
Contact : +442077004949
E-mail : info@ametrade.org

http://www.mauritanides2012.com/html/indexEN.html
^^
:cheers:
 
#96 ·
MORE INFO ON THE MAURITANIDES 2012 EVENT
2nd Mauritanian Mining & Oil and Gas Conference & Exhibition
8 – 11 November 2012 at the Palais des Congrès, Nouakchott, Islamic Republic of Mauritania





“Mauritania: The desert’s undiscovered treasure”

The event will be organised by the Ministry of Petroleum, Energy and Mines, Mauritania in association with the British event organiser AME Trade Limited.

The event will feature three days of plenary sessions, technical workshops, exhibitions, as well as visits to Mauritanian mining sites. It will gather international investors, mining and petroleum experts, managers of financial institutions, Mauritanian decision makers, development partners and donors, as well as other key actors and partners in the mining industry.
MAURITANIDES 2012 will act as a platform to exchange experiences, debate and establish business partnerships and cooperation, which will lead to conclusions and recommendations for an improved development of the country’s sub-soil wealth and its sustainable development.
MAURITANIDES is an established event and in 2010 was inaugurated by His Excellency Mr. Mohamed Ould Abdel Aziz, President, Islamic Republic of Mauritania, it featured more than 600 delegates and 50 exhibitors, emanating from over 30 countries including all of the major players in Mauritania’s mining industry
In his welcome speech, His Excellency Mr. Mohamed Ould Abdel Aziz, President, Islamic Republic of Mauritania remarked “the constant influx into the country of mining investors was measured by the presence of them today in Nouakchott and demonstrates the actual intense activity in geological prospection which comprises of over 50 mining companies ( of which are included large multinationals) who are operating on 170 mining permits”,
New for 2012!: MAURITANIDES 2012 will include a promotion for Mauritania’s hugely promising oil and gas sector!!





Mauritania: A rapidly developing mining and petroleum destination

The mining sector, Mauritania’s engine for economic growth: The mining sector with the extractive industries contributes 24% of total GDP (2010) and represents more than half of the country’s export income.
Mauritania a global leader in iron ore production: Mauritania is the second largest exporter of iron ore in Africa, the Société Nationale Industrielle et Minière de Mauritanie (SNIM) produces approximately 11 MT of iron ore per annum, with production targeted to expand to 18 MT in 2014 and 25 MT in 2018. The programme of modernisation pertaining to the Guelb II is projected at over 1 billion US dollars, this includes: the extension of the existing mine, the construction of an iron ore enrichment plant with a capacity of 4MTper annum, as well as the new mineral port in Nouadhibou, all of this will contribute to increasing and improving iron ore production and export. SNIM also achieved ISO 14001 certification in Spring 2011 for its environmental management system.

Mauritania’s mining sector has benefited greatly from diversifying its mineral production. As an iron ore producer for nearly half a century, Mauritania has seen over the last few years the development of new resources through exploration, exploitation and extractions of other minerals substances such: gold, diamonds, cobalt, phosphates, salt, gypsum, zinc, lead, copper and uranium. New mines have comes onto line including:


The Guelb Moghrein deposit produced almost 37,000 tonnes of copper in concentrate and 81,766 ounces of gold in 2010. Copper output is anticipated to rise to about 50,000 tonnes by 2012..
The Tasiast Gold Mine, is one of the largest mining projects in Africa, proven and probable mineral reserves are 7.6 million ounces, measured and indicated mineral resources are 9.1 million ounces, and inferred mineral resources are 4.6 million ounces. An investment of $3 billion US dollars is predicted over the next three years.
The phosphate projects of Bofal and Loubeira are being developed. Initial production is predicted to be 1 million tonnes per annum and the company exploiting the resource are planning to build a plant for the treatment of phosphoric acid which should be operational by 2013.
New deposits of iron ore are showing excellent results notably Lebtheinia with a deposit approximately of 2,742 Mt and also the promising iron ore project at Kaouat.
The results of drilling for uranium at Bir En Nar are also very encouraging
The production of high quality quartz (Oum Agneina Nouadhibou), with approximately 300 000 tonnes per annum is set to start production from now until 2014.




Mauritania’s oil and gas resources, huge potential and largely unexplored

The Chinguetti oil field, lying at a depth of a half-mile, was discovered in 2001. According to Chinguetti's operator, production from is predicted to increase from 4,000 barrels per day to 8,000 barrels of oil a day by the end of the year (2011).

The Banda Field is estimated to contain upto 3 – 5 tcf of natural gas.
The Tiof field is estimated to hold 350 million barrels of oil. It was discovered in 2003.
The Tevet Field is believed to contain between 50 million and 100 million barrels of oil and may be tied into the Chinguetti development.
The Pelican-1 exploration well located in the southern part of Block 7, the well discovered a significant hydrocarbon bearing sequence spanning over 1,000 feet in height.
The Cormoran-1 exploration well, located in offshore Block 7, completed drilling in January 2011. It lies ~ 2km to the south of the Pelican-1 gas discovery well,. The well successfully intersected gas in both Pelican and Cormoran..
There is certainly plenty of scope for further discoveries offshore Mauritania. The eight blocks, over which exploration can happen, cover most of the country's offshore acreage. There has been little to no exploration of Mauritania’s onshore potential.


http://www.mauritanides2010.com/html/anoverview.html
^^
:cheers:
 
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