Chinese demand fuels Mauritanian iron ore sales

摘要

Reuters cited Mr Mohamed El Moctar Ould Moham-ed El Hacen Oil and Mines Minister of Mauritania's as saying that strong Chinese demand for iron ore helped Mauritania's state owned iron ore producer SNIM to post record sales last year. The Societe Nationale Industrielle et Miniere. which is 78 percent owned by the state, reported sales of USD 557 million last year on production of 11.8 million tonnes and its net profit reached USD 180 million.