Deal #5278

Location #1

Spatial accuracy level
Exact location
Location
Diogo, Senegal

Latitude
15.301203
Longitude
-16.826363000000015
Target country
Senegal
Comment on location
It begins 50 km north of Dakar, ends close to St. Louis.

Land area

Intended size (in ha)
48150
Size under contract (leased or purchased area, in ha)
[2007] 48150
Comment on land area
4.5 km wide and 107 km long. Another source mentions 445.7 km2.

Intention of investment

Intention of the investment
Mining
Comment on intention of investment
zircon, rutile, leucoxene and ilmenite

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)

Implementation status

Implementation status
[2014] In operation (production)

Leasing fees

Comment on leasing fees
MDL is entitled to a 15 year exoneration from taxation

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
25

Number of domestic jobs created

Jobs created (domestic)
Yes
Planned number of jobs (domestic)
300
Comment on jobs created (domestic)
Expected 1000 people during construction phase and 300 during operation.

Operating company

Comment on investment chain
Mineral Deposits Ltd and Eramet have 90% shareholding through joint venture- Tizir. It is not clear if the shareholding is equal.

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Media report
File
Date
2012-03-22
Comment on data source
Sénégal – Mines : naissance d’un géant, au nord de Diogo

Data source #4

Data source type
Research Paper / Policy Report
File
Comment on data source
Grande Côte Operations Brings Economic Boost to Senegal with Globally Significant Mining Project Written by: Matthew Staff Produced by: Anthony Munatswa

Data source #5

Data source type
Company sources
File

Data source #6

Data source type
Contract
File
Comment on data source
Mineral Deposits Limited Senegal, Mineral Deposits Mauritius Limited, Sur la Grande Côte, Concession, Amendment, 2007

Data source #7

Data source type
Media report
File
Comment on data source
Mining Global-Grand Cote Operations

Data source #8

Data source type
Media report
File
Date
2010-06-16
Comment on data source
Mineral Deposits Limited: Grande Côte Definitive Feasibility Study Results

Data source #9

Data source type
Other (Please specify in comment field)
File
Comment on data source
Marketwired document- Location of Grande Côte

Consultation of local community

Comment on consultation of local community
"When we arrived, we had to convince people that we would leave the landscape in a state compatible with their farming activities"

Promised benefits for local communities

Promised benefits for local communities
Health
Education

Former land owner (not by constitution)

Former land owner
State

Former land cover

Former land cover
Marginal land

Detailed crop, animal and mineral information

Resources area
Ilmenite

Use of produce

Has export
Yes
Comment on use of produce
European & North American markets

In country processing of produce

In country processing of produce
Yes

Water extraction envisaged

Water extraction envisaged
Yes

Overall comment

Overall comment
$550 million investment.

Jan. 12, 2017, 4:33 p.m.

overwritten

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Nov. 22, 2016, 10:26 a.m.

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Oct. 20, 2016, 5:43 p.m.

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