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01 Mar
00:00

Mauritanian iron ore miner set to complete beneficiation plant in 2015 despite market 'crisis'

Société Nationale Industrielle et Minière (SNIM) is on course to commission its GII iron ore beneficiation plant by year-end. This is in spite the slump in iron ore prices in 2014 that halted output at numerous junior miners, the Mauritanian state-owned miner says. The iron ore market is in the midst of a “persistent crisis” since the end of 2013 that has seen prices drop over 50%. The crisis has also seen major producers, pa…
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