Charter Pacific Corporation Ties Up With Mauritanian Government For DSO Iron Ore Project

摘要

The resource investment group Charter Pacific Corporation received a 30-year license to mine iron ore in Mauritania. Charter was granted the license from Mauritania's Council of Ministers to mine at the Legleitat iron ore deposit in the Sahara Desert. The Mauritanian Government will be a 20% partner to the company's new hematite deposit containing direct shipping iron ore. The successful bid was announced in late May. The hematite mining permit covers 995km2 and importantly is adjacent to Charter Pacific's existing Exploration Permit 792. It increases the total Mauritanian footprint of 3,246km2 for iron ore.