Mauritania has a highly diversified and expanding mining sector, supported by major investments from international companies that contribute significantly to the country’s economy, accounting for more than a quarter of GDP. According to a report by Washington-based Energy Platform, Mauritania’s geological diversity places it among the richest African countries in natural resources, including iron, gold, copper, phosphates and salt.
Its vast reserves of strategic raw materials, together with recent investments in key infrastructure such as railroads and ports, as well as the legal reforms implemented, consolidate the mining sector as a fundamental pillar of the national economy and as one of the most attractive for foreign business and investment.
List of projects and companies:
- Temaya Mine:
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- Company responsible: Takamul, in partnership with Saudi Steel and the National Industrial and Mining Society (SNIM).
- Description: Reserves of more than 500 million tons of iron ore, with potential to reach one billion, and an annual production target of 10 million tons.
- Tiris uranium mine:
- Company responsible: Aura Energy, an Australian company.
- Description: Reserves of 91.3 million pounds of U3O8, valued at approximately $388 million, with production expected to start in 2026. The company seeks to position Mauritania in the world uranium market for nuclear energy.
- Tasiast Mine:
- Company responsible: Kinross Gold, a Canadian company.
- Description: One of the largest gold mines in Africa, with reserves of more than 220 tons. The company is expanding the infrastructure with a solar power plant and battery system to reduce emissions and energy costs.
- Guelb Moghrein mine:
- Company responsible: First Quantum Minerals, a Canadian company.
- Description: Reserves of 31.3 million tons of copper and gold. The company has implemented waste recovery technologies to extend its useful life to at least 2027.
- Bouval phosphate project:
- Responsible company: Currently in development with international partners, including companies from Morocco and China.
- Description: Phosphate reserves in millions of tons, with the potential to make Mauritania an important regional supplier for agriculture, still under development.
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