EIB, AfDB Support SNIM’s Dredging Project

Image source: Van Oord

The European Investment Bank (EIB) and the African Development Bank (AfDB) have concluded financing of $59 million and $50 million, respectively, over twelve years, with the National Industrial and Mining Company (SNIM), the largest mining operator in Mauritania, EIB said in its latest release.

This funding is intended for a SNIM’s dredging project, aimed to strengthen the capacity of their port facilities in Nouadhibou, the economic capital of Mauritania, located north-west of the Atlantic coast of Mauritania.

The Ore Port of Nouadhibou, whose draft does not currently accommodate vessels of more than 150,000 tonnes, is the marine terminal from which SNIM exports its iron ore production, and it is de facto a key place in the Mauritanian economy.

Vessels docking at the current terminal account for only 6% of the world’s bulk carrier fleet, whose limited availability significantly increases costs.

The project supported by the EIB and AfDB includes the deepening and widening of the access channel of the SNIM mineral terminal over 25km with a draft to accommodate vessels of 230,000 tonnes.

According to EIB, the project will ultimately enable SNIM to increase the efficiency of its transport chain, improve its profitability, competitiveness and resilience on the international market in the face of fluctuations in world iron ore prices.

 

Share this article

Follow Dredging Today

Events>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

River Restoration 2018

This conference is structured to promote open dialogue and understanding on approaches to holistic…

read more >

International Days of Dredging 2018

CEDA African Section is pleased to invite paper submissions for the next International Days of Dredging, which…

read more >

34th Annual International Conference on Soils, Sediments, Water, and Energy

The conference promises to be an exciting opportunity for all those concerned with the challenge of developing creative, cost-effective…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event. It is unique in bringing together the oil & gas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply