Deal #4800

Location #1

Spatial accuracy level
Exact location
Location
Akjoujt, Mauritania

Latitude
19.75451348919866
Longitude
-14.42946255322272
Target country
Mauritania
Comment on location
mine is located 250 kilometres northeast of the nation’s capital, Nouakchott, near the town of Akjoujt.

Land area

Intended size (in ha)
8100
Size under contract (leased or purchased area, in ha)
[2004] 8100
Comment on land area
Guelb Moghrein mining concession

Intention of investment

Intention of investment
Mining
Comment on intention of investment
Copper, gold and iron (Copper primary)

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
Guelb Moghrein mining concession expires in December 2042.

Negotiation status

Negotiation status
[2004] Concluded (Contract signed)
Comment on negotiation status
First Quantum acquired an 80% interest in the asset in 2004 and achieved commercial production in 2006. In 2010, the Company increased its ownership in Guelb Moghrein to 100%.

Implementation status

Implementation status
[2006] In operation (production)
Comment on implementation status
Achieved commercial production in 2006. Mining started in April 2006. Commissioning of the copper flotation plant commenced in July 2006 and commercial production began in October 2006. Operations were temporarily suspended due to strike action from employees in September 2014.

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
38

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
[2011] 1541
[2013] 1170
[2014] 1176
Comment on jobs created (total)
Operations were temporarily suspended due to strike action from employees in September 2014. The company offers on-site training, short courses and a scholarship program.

Operating company

Name of investment project
Guelb Moghrein copper-gold operation
Comment on investment chain
Originally First Quantum acquired 80% interest, in 2010, the Company increased its ownership to 100%.

 

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Data source #1

Data source type
Company sources
File
Comment on data source
First Quantum website- Guelb Moghrein

Data source #2

Data source type
Media report
File
Date
2014-09-18
Comment on data source
Mining.com -- First Quantum suspends Mauritania operations

Data source #3

Data source type
Company sources
File
Date
2008-12-02
Comment on data source
Press Release Details First Quantum Minerals Publishes Resource For Guelb Moghrein Copper-Gold Mine In Mauritania

Data source #4

Data source type
Company sources
File
Comment on data source
Corporate sustainability report, 2010

Data source #5

Data source type
Company sources
File
Comment on data source
2014 Annual Report

Data source #6

Data source type
Company sources
File
Date
2014-03-21
Comment on data source
ANNUAL INFORMATION FORM AS AT DECEMBER 31, 2013

Data source #7

Data source type
Company sources
File
Date
2012-03-31
Comment on data source
ANNUAL INFORMATION FORM AS AT DECEMBER 31, 2011

Data source #8

Data source type
Company sources
File

Data source #9

Data source type
Media report
File
Date
2014-09-18
Comment on data source
Mining.com- First Quantum suspends Mauritania operations

Data source #10

Data source type
Media report
File
Date
2012-07-17
Comment on data source
The Globe and Mail- First Quantum suspends work at Mauritania copper, gold mine

Data source #11

Data source type
Media report
File
Date
2014-09-18
Comment on data source
First Quantum drops on temporarily suspending Guelb Moghrein operations

Promised benefits for local communities

Promised benefits for local communities
Health
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Roads
Other
Comment on promised benefits for local communities
Renovation of Akjoujt regional hospital and new clinic in Bennichab. HIV/aids awareness day, the company provided an ambulance, vaccination campaigns and doctors costs at local clinics. Potable water Roads in Akjoujt town.

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
The Guelb Moghrein deposit was first developed in the early 1970s by Anglo American Corporation but was closed in 1977 due to technical difficulties and high fuel prices. It is not clear what the land was used for fro 1977 to 2004.

Former land use

Former land use
Other
Comment on former land use
Mining

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)
Comment on former land cover
Mining

Detailed crop, animal and mineral information

Resources area
Copper, Iron ore, Gold

Use of produce

Has export
Yes
Export
100

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Copper flotation plant. Gold flotation circuit and carbon-in-leach plant.

Water extraction envisaged

Water extraction envisaged
Yes

Source of water extraction

Source of water extraction
Groundwater
Comment on source of water extraction
The company gets it potable water supplies from Bennichab aquifer.

Overall comment

Overall comment
In addition to the Guelb Moghrein mining concession, the Company holds five exploration concessions in the area totaling 5,581square kilometers

Jan. 12, 2017, 10:51 a.m.

overwritten

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June 6, 2016, 2:22 p.m.

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March 24, 2016, 1:07 p.m.

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Oct. 19, 2015, 5:21 p.m.

active

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