The 5th edition of the International Mining and Petroleum Development Exhibition in Mauritania, known as “Mauritanides,” opened on Tuesday, 11 December 2018, in Nouakchott.
Launched by Prime Minister, Mohamed Salem Ould Bechir, the event organised every two years concerns an exhibition focusing mainly on mining and industrial work equipment and tools.
Over 1,500 delegates from major mining, oil and gas companies, investors and representatives of industrial and extractive sector operators are taking part in the forum, in addition to more than 100 exhibitors and 70 speakers from some 30 countries.
Mauritanian Minister of Petroleum, Energy and Mines, Mohamed Abdel Vetah, said the purpose of the conference is to present Mauritania’s gas, oil and mining potential, attract new investors, strengthen trust with existing mining and oil operators and further confirm the country’s position as a preferred investment destination in the medium and long term.
In his opening speech, he said Mauritania, which is rich in natural resources, offers promising investment opportunities, security and stability, an encouraging business climate and an attractive and competitive investment environment.
Hassene Ould Ely, Executive Director of the National Industrial and Mining Company (SNIM, Iron Mining), said the company is a world-class mining operator that contributes to the country’s economic and social development with more than 6,400 direct jobs and a significant contribution to GDP.
In addition to iron ore, Mauritania has rich deposits of gold and copper, as well as huge offshore gas reserves that it shares with Senegal, and production of which will be launched in 2021.
These reserves are estimated at 15 billion cubic feet, representing double Africa’s gas production in 2017.