Investment Sectors
Mining and Minerals
Africa's Richest Mineral Corridor
Mauritania hosts world-class mineral deposits including 700 million tonnes of iron ore at Zouerate (operated by SNIM), gold at Tasiast (Kinross), copper, gypsum, and phosphates spanning one of Africa's most productive geological belts.
Key Highlights
- SNIM recorded 12.8 Mt iron ore production in 2024, an all-time record
- Tasiast gold mine: 600,000+ oz annual production capacity
- Copper belt at Akjoujt with significant untapped potential
- World's largest gypsum deposit at N'Drhamcha
- New mining code (2024) offers competitive royalty rates and tax stability
Investment Opportunities
Iron ore expansion at Zouerate, Phase 2 rail and port upgrade
Gold exploration in the Birimian Greenstone Belt
Copper, zinc, and polymetallic deposits along the Reguibat Shield
Critical minerals: lithium, cobalt, and rare earths prospecting
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Enquire about this sectorRecent Developments
SNIM Production Record
In 2024, SNIM, the state iron ore company, achieved a record 12.8 million tonnes of production. A $1.2B expansion plan is under review to extend the rail corridor and increase port capacity at Nouadhibou.
New Mining Code Enacted
Mauritania's updated Mining Code (2024) introduces a competitive royalty framework, a stabilisation clause that locks in tax rates for the life of each project, and streamlined permitting through a single-window authority.
Critical Minerals Survey Completed
A national geological survey co-funded by the World Bank has identified significant lithium, cobalt, and rare earth occurrences in the Reguibat Shield, opening a new chapter for Mauritanian mining.
Key Players
SNIM
National Iron Ore Company
Kinross Gold
Operator, Tasiast Gold Mine
First Quantum
Copper exploration, Akjoujt
Mauritanian Copper Mines
Historic copper operations
Next Steps
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