Mauritania: SNIM borrows $150 million to expand its iron ore transport capacity
The African Development Bank has approved a $150 million concessional loan to the National Industrial and Mining Company (SNIM). The loan from the African Development Bank will enable SNIM to acquire up to 36 locomotives and 1,743 wagons to transport iron ore production to the iron ore port in Nouadhibou. The loan, provided by the …
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