Sphere approves Askaf

GLENCORE Xstrata subsidiary Sphere Minerals has given the go-ahead to build the $US900 million ($A968.2 million) Askaf North iron ore project in Mauritania.

Sphere approves Askaf Sphere approves Askaf Sphere approves Askaf Sphere approves Askaf Sphere approves Askaf

The 7-million-tonne-per-annum project is set for first production in early 2017.

Askaf North has a resource of 404Mt at 36% iron.

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