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Sep 14, 2015· OPTION OVER ASKAF PROJECT Sphere Minerals Limited (Sphere) has today executed an agreement to grant an exclusive option to Al Rawda Resources Limited (Al Rawda) to purchase an 80% interest in Sphere Mauritania SA, the entity which owns the Askaf Project. It is subject to a number of conditions precedent including the completion of satisfactory
• An application has been made to the Government of Mauritania for a Water Exploitation Licence for the Exploration tenements held by Sphere Minerals in support of the Askaf project. • Negotiations continue with the Government of Mauritania for a Mining Convention to stabilise the fiscal and other arrangements in relation to the Askaf Project.
Parliament yesterday approved the agreement between the Government of Ghana and the African Union (AU) for the establishment of the African Continental Free Trade Area (AfCFTA) Secretariat in Accra.
Apr 14, 2007· Rex Diamond Mining Corporation took up 100,000 km² of diamond exploration permits in the northern part of Mauritania in 1997. The permits covered the Reguibat craton, one of the last then remaining unexplored diamond exploration terrains in the world. Rex flew about 250,000 line kilometres of aeromagnetic and radiometric surveys and took more than 20,000 surface loam samples of about 60 kg.
Under the terms of the agreement, the government will provide Kinross with a 30year exploitation licence for Tasiast Sud under the 2008 Mining Code and the 2012 Mining Convention, granted with expedited permitting and the possibility of early mining. The agreement also provides for the reinstatement of the tax exemption on fuel duties and the ...
Oct 27, 2014· Subsidiary of Swissbased 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. Glencoreowned Sidero holds 88% of Sphere Minerals, which has a 79% share of the Askaf project, reports Bloomberg.
Under the terms of the agreement, the government would provide Kinross with a 30year exploitation licence for Tasiast Sud under the 2008 Mining Code and the 2012 Mining Convention, granted with ...
Talison Lithium, on a major contractual dispute relating to its mining operations at Greenbushes, the world''s biggest lithium mine. Al Rawda Resources Limited in relation to its then proposed purchase of the Askaf Project in the Islamic Republic of Mauritania and an iron ore project in the Republic of Guinea.
Aug 12, 2020· An agreement called a ''mining convention'' must also be entered between the holder of an industrial exploitation permit and the minister of mines and geology. The mining convention contains further rights and obligations in addition to those provided by the Mining Code. Such additional rights and obligations may consist of a stability regime ...
Sphere in an Australiabased junior company with interests in three iron ore projects in Mauritania, West Africa: the largescale Guelb el Aouj project through a 50:50 joint venture with Société Nationale Industrielle et Minière (SNIM), Mauritania''s stateowned iron ore producer; the nearterm, owned Askaf project, located 35 km south ...
According to the agreement, Glencore Xstrata will be able to develop its Askaf iron ore project, while SNIM will provide rail and port services for the transport of Glencore iron ore from the Askaf mine. The service will be for 18 years from the start of production.
The ASXlisted subsidiary of Glencore, Sphere Minerals, has executed an exclusive option to Al Rawda Resources to buy an 80% interest in its Askaf project, in Mauritania. The agreement .
Mauritania signed an agreement with Overseas Private Investment Corporation (OPIC), but its program is limited. Potential investors should contact OPIC directly for guidance. Mauritania is a member of the Multilateral Investment Guarantee Agency (MIGA), which .
Jun 15, 2020· At Tasiast, Kinross has also volunteered to update its fixed 3% royalty payable under the 2006 Tasiast Mining Convention. Kinross said it was "appropriate" to pay an escalating royalty tied to the price of gold that aligns with the 2008 Mining Code and the 2012 Mining Convention, plus what is comparable with other royalties in the region.
What regulates mining law? The Islamic Republic of Mauritania (hereafter "Mauritania") is not a member of the West African Economic and Monetary Union (hereafter "WAEMU") and the WAEMU Mining Code does not therefore apply in Mauritania. The principal laws regulating mining in Mauritania are: Law n° dated 27 April 2008 enacting the Mining Code, as .
Mauritania has no bilateral investment or taxation treaties with the United States. In addition, Mauritania is a signatory to the Cotonou Agreement between the European Union (EU) and the group of African, Caribbean and Pacific (ACP) countries, and thus enjoys free access to the EU market.
• After more than 10 years in Mauritania and three years in partnership with Glencore, Sphere is ready to start construction of Askaf – 600 operating employees and 2000 construction jobs • We have solved many problems together already • We have a world class Mining Convention and Mining Code, which will stabilise and regulate the mine 13
Dec 10, 2012· Keywords: Mauritania, mining, New Model Mining Convention, tax, Mining has long been intrinsic to the development and progression of the North African country Mauritania, with income from the exportation of iron ore, copper, gold and petroleum contributing to more than a quarter of the country''s gross domestic product.
Already listed on ASX (Australia), Aura Energy plans to float on London''s AIM this week in the hope of raising GBP million to finance a feasibility study on the Tiris uranium project in Mauritania over the coming year. In his bid to woo investors, Peter Reeve, executive chairman of Aura who cofounded Ivanhoe Australia with Robert Friedland, has pointed to the relatively limited amount ...
He said the agreement shows that SNIM is willing to support foreign investment in Mauritania''s mining sector. "The service will be for 18 years from the start of production and is based on the internationally accepted depreciated, optimised replacement cost methodology with a take or pay component," Sphere said.
Glencore finalised a deal with Mauritanian state mining firm SNIM to develop the Askaf iron ore project in exchange for access to rail, port and storage said the deal would last for 18 years following the start of production at Askaf, one of two Mauritanian fields Glencore has been assessing. Reuters
Under the terms of the agreement, the government would provide Kinross with a 30year exploitation licence for Tasiast Sud under the 2008 Mining Code and the 2012 Mining Convention, granted with ...
Jun 16, 2020· Kinross Gold Corporation KGC has reached an agreement with the government of Mauritania to improve their partnership. Per the terms of the deal, Kinross will receive a 30year exploitation license for Tasiast Sud from the government under the 2012 Mining Convention and the 2008 Mining Code.
Jun 16, 2020· Kinross Gold Corporation KGC has reached an agreement with the government of Mauritania to improve their partnership. Per the terms of the deal, Kinross will receive a 30year exploitation license ...
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