• Short Summary

    An agreement was signed in Nouakchott on Wednesday (26 February) to nationalise Mauritania's only copper mine at Akjoujt, about 200 miles (320 kilometre) north-east of the capital, Nouakchott.

  • Description

    An agreement was signed in Nouakchott on Wednesday (26 February) to nationalise Mauritania's only copper mine at Akjoujt, about 200 miles (320 kilometre) north-east of the capital, Nouakchott.

    The agreement was reached after several weeks of negotiations between the mine owners-the Society Des Mines de Cuivre de Mauritanie (SOMIMA)-the mauritanian Government, and the National Industrial and Mining Company (SNIM)-the State-owned company which will now run the mine.

    A communique said the mine had been experiencing marketing difficulties. The agreement provides for the transfer in the near future of all SOMINA shares to SNIM.

    Copper is Mauritania's fourth-ranking foreign currency earner.

    The communique added that the Mauritanian Government and SNIM had agreed to meet part of SOMINA's debts and the mine would continue operations with its present staff.

  • Tags

  • Data

    Film ID:
    VLVA1959WZ6BU1X0HD05RZH26D80W
    Media URN:
    VLVA1959WZ6BU1X0HD05RZH26D80W
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    05/03/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:52:00
    Time in/Out:
    /
    Canister:
    N/A

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