Indian Company Expects 50k MT per year
India’s Sahara Mining has been chosen to mine iron ore deposits at Moribabougou in Mali, the Malian Mines Ministry announced on Friday.
The ministry says iron ore reserves are evaluated at 91 million tons. Sahara says it expects annual output of 50,000 tons which will be exported through Dakar in Senegal, 1,350 km away from the mining site. The site itself is close to the Mali capital of Bamako.
The Moribabougou project requires an investment of US$40.83 million, the ministry’s statement said.
The project will create over 1600 jobs.
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