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Sphere Minerals delays development of Askaf iron ore ...
Subsidiary of Swiss-based mining company Glencore, Sphere Minerals, has slowed down the development of its $900m Askaf iron ore project in Mauritania, due to a slump in the price of the metal. Glencore-owned Sidero holds 88% of Sphere Minerals, which has a 79% share of the Askaf project, reports Bloomberg.
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7.5 Mtpa Askaf Iron Ore Project, Essar Projects - Wrench ...
Owner: Sphere Mineral (Subsidiary of Glencore Xstrata) Project Details: Constructing a 7.5 million tonnes a year iron ore beneficiation plant . Value: US $ 600 Million . Location: Askaf Iron Mines, Mauritania . Our Client: Essar Projects . Scope of Work: Engineering Procurement and Construction including associated facilities, a primary crusher, secondary crusher, dry magnetic separator, high ...
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Glencore unit delays Mauritania project due to iron ore ...
Oct 29, 2014 · Sphere Minerals, a subsidiary of commodity trading and mining giant Glencore said it will slow down development of its Askaf iron ore project in Mauritania in response to the fall in prices for the steel ingredient. Iron ore has lost about 40 percent of its value so far this year and is expected to decline further in the next few years as additional supply more than offsets weaker demand growth.
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Glencore shuts the Askaf iron ore project_SMM | Shanghai ...
Oct 29, 2014 · Matthew Conroy, the Company Secretary of sphere Minerals, stated that, as the development of the project is delayed, the production of iron ore in the project located in Africa will also start late. According to the data of the company, Sphere Mineral, the 88 percent of the stake of the company is owned by Glencore.
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Askaf iron ore mine Report | Wood Mackenzie
Askaf is medium sized project in the Tiris-Zemmour District of northern Mauritania. In 2015, Glencore stopped development and wrote-off much of the value of this project. With these developments we have pushed back first production to 2024 for the purpose of modelling the project's cash flows, but it is also likely the project will never ...
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Iron ore slump slows Sphere’s Askaf mine - IOL
Oct 28, 2014 · Sphere Minerals, controlled by Glencore, slowed plans to develop a $900 million (R9.8 billion) iron ore mine in Africa after prices of the steel making material plunged.
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Sphere to fast track Mauritania iron-ore project
West Africa-focused Sphere Minerals has set itself an 18-month target to start the development of its Askaf iron-ore project in Mauritania. Following the definition of a 319-million ton inferred ...
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Xstrata Bids for Sphere and its Iron Ore Projects | E & MJ
Sphere in an Australia-based junior company with interests in three iron ore projects in Mauritania, West Africa: the large-scale Guelb el Aouj project through a 50:50 joint venture with Société Nationale Industrielle et Minière (SNIM), Mauritania’s state-owned iron ore producer; the near-term, 100%-owned Askaf project, located 35 km south ...
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Mauritanian iron ore project | HCF International Advisers
Project description. The project involves the expansion of the operations of the Société Nationale Industrielle et Minière (”SNIM”) at its Guelb el Rhein iron ore mine located 25 km North-East of Zouérate in Northern Mauritania, and related processing and transportation activities
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Glencore abandons Mauritania iron ore project after $US1bn ...
The Askaf iron ore project has been developed by Glencore under the banner of Australian-listed company Sphere Minerals, which is 88 per cent owned by the Swiss miner.
Read MoreGlencore unit delays Mauritania project due to iron ore ...
Oct 29, 2014 · Sphere Minerals, a subsidiary of commodity trading and mining giant Glencore said it will slow down development of its Askaf iron ore project in Mauritania in response to the fall in prices for the steel ingredient. Iron ore has lost about 40 percent of its value so far this year and is expected to decline further in the next few years as additional supply more than offsets weaker demand growth.
Read MoreIron ore slump slows Sphere’s Askaf mine - IOL
Oct 28, 2014 · Sphere Minerals, controlled by Glencore, slowed plans to develop a $900 million (R9.8 billion) iron ore mine in Africa after prices of the steel making material plunged.
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Sphere Minerals reviews plan to develop iron mine in Africa
Oct 29, 2014 · Sphere Minerals, controlled by Glencore, slowed plans to develop a $900m iron-ore mine in Africa after prices of the steel-making material plunged. The board is reviewing the Askaf project in Mauritania, Sphere said yesterday in a statement, after approving development in April.
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Glencore unit delays Mauritania project due to iron ore ...
Oct 30, 2014 · Sphere Minerals, a subsidiary of commodity trading and mining giant Glencore said it will slow down development of its Askaf iron ore project in Mauritania in response to the fall in prices for the steel ingredient.
Read MoreSphere to fast track Mauritania iron-ore project
West Africa-focused Sphere Minerals has set itself an 18-month target to start the development of its Askaf iron-ore project in Mauritania. Following the definition of a 319-million ton inferred ...
Read MoreSphere Minerals completes $600M iron project construction ...
Sphere Minerals completes $600M iron project construction agreement ... of its Askaf project in Mauritania. ... Kaoua El Khadra iron ore project in Mauritania, which has an iron ore ...
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Sphere Minerals Limited | Mining Business Media ...
Sphere has optimised the project scale for the first stage of development at 11.3Mtpa targeting 66.5% Fe concentrate grade in the FS for its 50%-owned El Aouj iron ore project in Mauritania. El Aouj East's updated ore reserve of 930Mt fresh magnetite ore at 35% Fe supports a stage 1 life of 41 years without developing the El Aouj Centre ...
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Sphere Minerals - petrole.gov.mr
• Sphere and SNIM are strong business partners –Marketing relationship –Working together on El Aouj • Askaf is Sphere’s first iron ore project –A major step for both Sphere and Mauritania • But we have other large resources –El Aouj (50% SNIM) is our flagship project and progressing well –Lebtheinia has significant potential
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ASX RELEASE For personal use only
Mar 25, 2013 · Sphere Minerals Limited is pleased to announce that work at its Mauritanian Iron Ore project is continuing to progress towards the Company’s goal of developing a significant new Mauritanian Iron Ore mine. The Company has completed its annual assessment and reconciliation of resources and reserves for its four project areas in Mauritania ...
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Glencore Unit Slows $900 Million African Iron Ore Project ...
Oct 27, 2014 · Sphere Minerals Ltd., controlled by Glencore Plc, slowed plans to develop a $900 million iron ore mine in Africa after prices of the steelmaking material plunged.
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Sphere to sell 80% stake in Mauritania project
A continued decline in the iron-ore price prompted Sphere in 2014 to abandon plans to develop the $900-million Askaf project, which had originally been slated to start production in 2017.
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SPHERE MINERALS Share Price - SPH Share Price
Sphere Minerals Limited is an Australia-based iron ore company, which is focused on West Africa. The Company has approximately three iron ore projects in Mauritania. The Company's segment is Mineral Exploration in Mauritania, West Africa. The Company's projects include Guelb el Auoj, Lebtheinia and Askaf.
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Iron ore slump forces writedown, shelving of Sphere project
Sphere Minerals (), which is 88 per cent owned by Glencore, said it could not develop the Askaf project in Mauritania profitably at current low iron ore prices even after intensifying efforts to ...
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askaf iron ore design feasibility study
Sphere Mineral Process Flow Sheet Magnetite. Xstrata Askaf Iron Ore Design Feasibility Study . 201316xstrata askaf iron ore design feasibility study, mauritania xstrata iron ore iron ore sphereotal iron ore projects enabled us to commence a feasibility study at the askaf project decision by xstrata to undertake a more detailed.
Read MoreSphere Minerals completes $600M iron project construction ...
Sphere Minerals completes $600M iron project construction agreement ... of its Askaf project in Mauritania. ... Kaoua El Khadra iron ore project in Mauritania, which has an iron ore ...
Read MoreIron ore slump forces writedown, shelving of Sphere project
Sphere Minerals (), which is 88 per cent owned by Glencore, said it could not develop the Askaf project in Mauritania profitably at current low iron ore prices even after intensifying efforts to ...
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MINERAL: IRON ORE: Guinea, Africa Research Bulletin ...
Sep 01, 2010 · (© The Financial Times Limited, London 30/7 2010) Mauritania The Askaf project is fast‐tracked. Sphere Resources Inc has adapted its development strategy for the Askaf iron‐ore project in Mauritania. The new plan advances production first and
Read MoreSphere to sell 80% stake in Mauritania project
A continued decline in the iron-ore price prompted Sphere in 2014 to abandon plans to develop the $900-million Askaf project, which had originally been slated to start production in 2017.
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Sphere Minerals Limited | (SPH) | About SPH | SharePrices
Sphere is developing the Guelb el Aouj Iron Ore Project in partnership with Société Nationale Industrielle et Minière (SNIM), Mauritania's state-owned iron ore producer. Lebtheinia (100%) Sphere has an exploration licence for EL264 which covers the Lebtheinia magnetite-quartzite deposits.
Read Moreaskaf iron ore design feasibility study
Sphere Mineral Process Flow Sheet Magnetite. Xstrata Askaf Iron Ore Design Feasibility Study . 201316xstrata askaf iron ore design feasibility study, mauritania xstrata iron ore iron ore sphereotal iron ore projects enabled us to commence a feasibility study at the askaf project decision by xstrata to undertake a more detailed.
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Sphere Minerals (SPH) on the Australian Stockmarket
Sphere Minerals (SPH) is focused on investing in the iron ore sector. SPH is involved in the development of the Gueld el Aouj Iron Ore project in Mauritania, West Africa. The company also holds gold and base metals exploration licences in other regions of West Africa, and drilling its 100%-owned Lebtheinia Iron Ore project with a view to ...
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For personal use only - ASX
Askaf Iron Ore Project (Sphere 90%) An Ore Reserve update statement for the Askaf North magnetite deposit was prepared following the completion of a Feasibility Study in 2012 and FEED planning in 2014 as part of the commencement of the Askaf North project, using a 20% DTC wt% cut-off, to produce a coarse concentrate from a dry magnetic
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MAURITANIA : Al Zubaidi to pick up Glencore property at ...
Nov 03, 2015 · Excluded from the Tambao manganese project in Burkina Faso in the early 2010s (AMI 231), Zain al Zubaidi could well - 03/11/2015
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Xstrata increases iron ore footprint with Sphere takeover
Aug 24, 2010 · Sundance Resources is due to begin construction on Cameroon's giant Mbalam iron ore project next year. Only Mauritania exports iron ore so far,
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Sphere rebuffs Sin-Tang financing proposal
Sphere's rejection and continuing backing of Xstrata's revised $3-a-share offer means Sin-Tang will either be forced to make a rival full takeover bid, feed its 12 per cent stake into Xstrata's ...
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Mauritania: Mining, Minerals, and Fuel Resources
The map of Mauritania. Image Credit: CIA Factbook. Metals. The iron ore metal sector has been thriving in Mauritania. In 2010, Xstrata plc of Switzerland gained 75% interest in Australia’s Sphere Minerals Ltd. which dealt with iron ore mining in Mauritania for more than 10 years.
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Sphere rejects Sin-Tang bid, prefers Xstrata - MINING.COM
Nov 10, 2010 · Sphere received a proposal from Sin-Tang to fund the Askaf project in Mauritania yesterday after the Australian markets closed and decided
Read MoreXstrata targets Sphere for iron ore exposure | Reuters
Aug 24, 2010 · Coal and base metals miner Xstrata pushed deeper into the iron ore sector on Tuesday with a $381 million agreed takeover of Australian-listed Sphere Minerals , which hold
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