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ArcelorMittal ink joint venture with SNIM

Mauritanian iron ore mining company SNIM – Société Nationale Industrielle et Minière and ArcelorMittal have signed a non-binding memorandum of understanding to assess jointly developing iron ore pelletising and direct reduced iron plants in Mauritania.

This agreement makes it possible to launch a pre-feasibility study, which will be completed after six months, in order to give a better idea of ​​the viability of the potential project, which would take advantage of Mauritania’s potential in terms of renewable energy production and production of green hydrogen.

The metal produced from green hydrogen will represent an important step in the transition of the steel industry towards “zero carbon” and will contribute to the economic development of the Region.

Aboit SNIM & ArcelorMittal

SNIM is a mining company based in Mauritania, the second largest producer of iron ore in Africa. ArcelorMittal, the world’s largest steel producer, is a European company based in Luxembourg. In March, SNIM – 78.35%-owned by the Mauritanian state – committed to two agreements. One was an MoU with United Arab Emirates integrated steelmaker Emirates Steel to study the feasibility of creating a joint venture to produce iron ore pellets in Mauritania. The second was a long-term sales agreement to supply iron ore to Turkish conglomerate Tosyali’s subsidiary Tosyali Algeria.

Takamul, the Mauritania-based iron ore miner joint venture between SNIM and Hadeed parent Sabic, is expected to ship the first ore cargo to Hadeed by 2024. It will produce up to 10 million tonnes/year of 67-68% Fe and below 2% silica content DR-grade pellet from 35-38% Fe magnetite iron ore.

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