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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (5585)	8/22/2007 9:48:50 AM
From: LoneClone	Read Replies (1) \| Respond to of 194001

Mauritania, China sign iron ore supply deal afriquenligne.fr Nouakchott, Mauritania - Mauritania's National Industrial and Mining Company (SNIM) and China's Minmetals company have signed an agreement for the supply of about 1.5 million tonnes of iron ore annually over seven years, according to a statement made available to PANA here Tueday. SNIM's Managing Director Mohamed Ali Ould Sidi Mohamed and China Minmetals' deputy chief executive Wang Qing Tang signed the deal here late Monday. For the first year, the supply will be 1 million tonnes and is expected to increase to 1.5 million tonnes in 2009. The collaboration with the Chinese company will, in the long term, help Mauritania explore the "M'Haoudat" 4 deposit in the north of the country, which was discovered in 1987. It will also allow the SNIM to consolidate its position in the Chinese market. Nouakchott - 21/08/2007 Panapress