Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Mauritania’s Profit From Mining Reached $375 Million Last Year

Don't Miss Out —
Follow us on:

May 21 (Bloomberg) -- Mining in Mauritania earned the country $375 million last year, including $281 million from sales of iron ore, Oil, Energy and Mines Minister Taleb Ould Abdivall said in an interview yesterday on state-owned television.

Mauritania granted seven oil-exploration licenses which generated $30 million after changes to the country’s oil code were made at the end of 2011, he said.

Production at the offshore Chinguitt oil field is 8,000 barrels to 9,000 barrels a day and it has potential of 120 million tons during its life span, the minister said.

To contact the reporter on this story: Oudaa Marouf in Nouakchott at ebowers1@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.