investment opportunities in mauritania

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Email : Email : [email protected] Téléphone: 222 525 87 17 Téléphone: 222 525 87 17 Fax: 222 524 43 56 Fax: 222 524 43 56 1

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investment opportunities in Mauritania. Email : [email protected] Téléphone: 222 525 87 17 Fax: 222 524 43 56. Niche sectors. Real potential but not valorized Agriculture, Livestock and Fisheries. Extractive reserves with high export potential Mining &Oil. Emerging sectors - PowerPoint PPT Presentation

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Page 1: investment opportunities in Mauritania

Email : Email : [email protected]éléphone: 222 525 87 17Téléphone: 222 525 87 17

Fax: 222 524 43 56Fax: 222 524 43 56

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Page 2: investment opportunities in Mauritania

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Real potential but not valorizedAgriculture, Livestock and Fisheries

Emerging sectors Tourism & Renewable Energy

Extractive reserves with high export potentialMining &Oil

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I- Potentialities/ assets by sector

II- Opportunities for private operators

III- Policies and strategic reforms

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High Priority- 2008: Agricultural YearHigh Priority- 2008: Agricultural Year

Assets production areas accessible through paved roads Proximity to regional and European markets Favorable Trade Agreements with EU and neighboring countries

Country free of rinderpest Priority given to sector development and food self-sufficiency

Irrigated Agriculture (Senegal River) 135.000 ha ready for Irrigated agriculture on the Senegal River Only 20.000 ha really cultivated Favorable agro-climatic conditions Strong potential for diversification Great fodder production area

Livestock Important and diverse livestock (Growth Rate 3,5%/year)Red meat production: 75.000T/yearof which 40% is exported on foot without VAAssociated branches still not exploited (red meat, leather and skins)

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Diversified Diversified branches branches

Primary production limited by the small production of red meat; Opportunity to develop the sub sector and export to Europe, WA and Maghreb

Milk and Diary products

Unsatisfied domestic demandImports 49,000 T per yearSmall part of milk production traded (<10%),the most important part is self-consumed. Niche for export: camel’s milk and cheese (Arab countries , USA, Europe)

Exporting cattle on foot: Senegal-Mali-Morocco-Algeria-Libya soon. Possibility of transformation after fattening and then export to the Maghreb and Golf countries

Leather and Skins

Red meat

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Diversified production chainsDiversified production chains

Import Substitution No national production, high demand from farmers faced with the scarcity of pasture Beginning of semi-intensive farming; Ilivestock productivity increased and also for associated chains (milk, meat)

Import Substitution mainly from the sub regionSmall national productionExportation to EU

Cattle Food

Vegetables & fruits

Cereals/RiceFavorable Climatic conditionsWorld Crisis and escalation of priceCoverage of national needs only 24%, remaining imported

Page 7: investment opportunities in Mauritania

Despite the existing potentialities, The national cereal production covers only 25% of the country's needs; Some braches with considerable potential for valorization : red meat,

leather, skins, diary products The agricultural sector growth cannot be achieved without private sector

Investments bringing modern and innovative technologies

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Developing the sector through private investment

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Fishing …strategic sector, 2nd pillar of the country exportsFishing …strategic sector, 2nd pillar of the country exports

Potential Fisheries 720 km coastal facade1.5 million t/yr which 100,000 t/yr of demersal resources(Cephalopods, demersal fish, crustaceans) 1,1 m t/yr of pelagic resources 0,3 m t/yr of bivalve mollusks not exploited

Domestic production Domestic production mostly exported without Added value to EU, Asia, sub regionOnly 10% processed High diversity of fishes 700 of which are of high value

Fisheries Agreements Opening of Mauritanian waters to European boatsActual captures (~700.000 t/yr)Industrial Fisheries: 90%Artisanal and inshore fisheries : 10%

Sector place in the economy 4-6% of national GDP / 95% of captures are exported / 40% of export revenue 25% of the fiscal revenues 36 000 jobs in the modern sector 60 plants for treatment and storage approvedfor EU exports

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Strong demand for seafood from European and Asian markets Opportunities to invest in the processing and conservation industry Emerging Fisheries Development (anchovies, mollusks…); Opportunities to develop aquaculture and breeding Development of Infrastructure : extension of fishing port, new

mining port, airports, basic services

A strategy (2008-2012) towards a streamlined and sustainable management of resources and land valorization of fishery products for the sector’s better integration of the sector to the national economy

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High potential for extensive growth, in a context of High potential for extensive growth, in a context of worldwide resources shortage worldwide resources shortage

High potential for extensive growth, in a context of High potential for extensive growth, in a context of worldwide resources shortage worldwide resources shortage

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Growing sector : 30 companies / 145 mining titlesIncluding 6 for the exploitation

Growing sector : 30 companies / 145 mining titlesIncluding 6 for the exploitation

13% of national GDP 11% budget revenues 12 million iron ore / year (SNIM) 1.5% of world production of Iron   8% of EU iron imports 6000 jobs

Very favorable geological context importance and diversity of mining indices ( 700 indices : iron, gold, copper, diamond…) Efficient information system : data room, miningcadastre

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Bassin de TaoudeniBassin de Taoudeni

Dorsale RéguibatDorsale Réguibat

#

Bassin deTindouf

SNIMMhaoudat/Guelb/Kédia180 Mt of Hematite (65% iron)600 Mt of Magnetite (35% iron)

Red Back (Lunin Group): Tasiast / GoldRéserves : 40 tons d’AuProduction : 120.000 oz/yr

First Quantum Minerals :

Akjoujt / Copper and GoldReserves : 23 Mt Cu + AuProduction : 120.000 t/ yrConcentrated to25% de Copet 66.000 oz of Au/yr

SAMIA :

Gypsium / Sebkha N’DramchaReserves : 140 MtProduction : 50.000 t /yr

Sophosma : Phosphate / BophalReserves : 126 Mt (21% P2O5)

• Agrineq S.A• BSA• Mauritanian Cooper Mine (MCM) / First Quantum Minerals• Mauritanian Holdings Pty Ltd• PT Bumi Resources Tbk• SNIM• Tasiast Mauritanie Limited SA• Ashton Mining • BHP• Diamet• Esgma• General Mines Services• ID Geoservices• Mauritanian Metals Pty Ltd• Murchison United NL• SRET • Somisel• Sophosma• Wadi Rawda

• Agrineq S.A• BSA• Mauritanian Cooper Mine (MCM) / First Quantum Minerals• Mauritanian Holdings Pty Ltd• PT Bumi Resources Tbk• SNIM• Tasiast Mauritanie Limited SA• Ashton Mining • BHP• Diamet• Esgma• General Mines Services• ID Geoservices• Mauritanian Metals Pty Ltd• Murchison United NL• SRET • Somisel• Sophosma• Wadi Rawda

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sector policy aiming at developing mining research and exploitation of resources (eg copper plant in Akjoujt –a gold factory recovery in TAZIAST)

Institutional Strengthening of the Sector Project,(PRISM-WB, IDB) An improved legal framework: mining code + mining convention

compliant to the standards Establishment of a mining cadastre Study of an iron ore pelletizing project (El Aouj project, SNIM) Construction of the railways Nouakchott-Kaedi for phosphate

(PPP) New mining port in Nouadhibou Closeness of the main export market UE,

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Policies and strategic reforms Policies and strategic reforms

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Substantial Reserves Gas: 70 billion m3 Oil: 500 Million Barrels February 2006: beginning of offshore oilproduction

dependency on importsNo refineryGas: only 10% of domestic energy versus coal, wood

development of prospection and exploitation of oil Intensified exploration activities in the Onshore where promising indices Favorable Legal framework for promoting private investment: mining code, PSC

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Chinguetti(Chenaux du Mioène Prof. : 800 m / 123 M barrels / 10 years / Induced8% ofgrowth in 2006)

Banda Chenaux du Paléocène, 45 billion m3 Gas must be enriched for use (gas turbines)

Oualata (Chenaux du Miocène Mixed field Gas (50m) / oil(220m)Reserves : 250 million of barrels)

Tevet (Grès du Miocène Gas 68 m, Oil 44 m50 to 100 million of barrels)

6 offshore deposits off shore including

4 very important

More than 25 foreign companies, 41 blocks allocated for oil + gas

More than 25 foreign companies, 41 blocks allocated for oil + gas

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Growing sector(~ 18% per annum) Sahara, coastline, oasis, cultural and ecology

Sector being organized Priority for Government /PRSP IIFavorable geographical position Infrastructure development: roads, Airports, bridge on the Senegal River

Diversity of landscapes Natural reserves protectedWealth of cultural heritage

Tradition of hospitality

Actors / ManagersGeneral Direction of TourismNational Tourism Office (ONT)New Touristic and hotel training centre Active Operating Tours 90% french150 authorized travel agencies

Capacities underdeveloped 6 Hotels in Nouakchott (in the standards) 3 Hotels in Nouadhibou

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…in a context of global energy crisis and shortage of supply

high potential for solar and wind power Generation

ElectricityElectric Energy supply widedeficit (Cv : 54% urban and 3% rural)

Wind:~ Average 7 m/s(10 m above ground)7.641 KWh/m2/yr

Solar: Average duration 8h/day4,6 KWh/m2/day

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SolarSolarCurrently used for only some applications: The lighting , audio and audiovisual equipment, water pumping at small rural localitiesthe abundance of sunshine in the country )

The R The R Es…Es… A solution for a clean and alternative energy

WindWind Unexploited Potential Lack of experience and technology