image description
image description
Tell A Friend

FinancialNews


  • 14-11-10

    Xstrata to invest $6b in Mauritania

    (MENAFN) Mauritanian Industry and Mines Minister Mohamed Abdellahi Ould Oudaa said that Xstrata Plc will invest $6 billion in the country to produce 50 million metric tons of the steelmaking ingredient a year, Bloomberg reported. Xstrata, based in Zug, Switzerland, plans to achieve the production figure in the short term, Oudaa said in a conference in Nouakchott, the capital. Xstrata, seeking to boost access to ore supplies as prices rise, is close to completing the $520 million purchase of Sphere after securing acceptances from more than half of the Australian company�s shareholders. Sphere�s projects in Mauritania include half of the $1.65 billion Guelb el Aouj development.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved