Please note: you are viewing an old version of this deal. The current version can be found here: Deal #4800

Deal #4800 Version #69481

Mauritania

Created at

2015-10-19

Last update

2016-06-06

Last full update

2017-01-12

Land area

Intended size

8 100 ha

Size under contract (leased or purchased area)

[2004, current] 8100.0 ha

Comment on land area

Guelb Moghrein mining concession

Intention of investment

[current] Mining

Comment on intention of investment

Copper, gold and iron (Copper primary)

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

[2004, current] 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

[2006, current] In operation (production)

Comment on implementation status