KIOCL will decide soon on the proposed iron ore project in Mauritania (West Africa) for further exploration, mining and development of the licence area.

The Board of KIOCL will take the decision based on the assigned consultants’ report. The company has signed a non-binding agreement in March 2012 with Curve Resources, a wholly-owned subsidiary of Curve Capital Ventures, for its Akjoujt asset in the Islamic Republic of Mauritania in West African desert area. Curve Resources holds the prospecting licence for the 938-sq km deposit and undertook some exploration activities.

The proposed project will require procuring exploration environmental clearance and preparation of the terms of reference for mining in the whole concession area also evaluating the logistics of the mining, processing and trading operations.

The project can easily sustain a feasible large scale mining and an output of pellet grade iron ore concentrate of more than 10 million tpa for at least 50 years.