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Mauritanian iron miner gets $275M to upgrade rails

EIB Global will contribute $125 million and the AfDB $150 million to the majority state-owned SNIM

James Stent
SNIM's current fleet of trains

SNIM's current fleet of trains | Credits: SNIM

Société Nationale Industrielle et Minière (SNIM) has secured a US$275 million financing deal with African Development Bank (AfDB) and the European Investment Bank (EIB) to refurbish the Mauritanian iron...

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