Deal #4800
Mauritania
Created at
2015-10-19
Last update
2017-01-12
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
Intention of investment
- [current] 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, 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
Implementation status
- [2006, current] 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