Mining remains the backbone of Mauritania’s export economy, with iron ore and gold leading the way and uranium now moving toward development. SNIM continues to invest in rail and port upgrades designed to increase throughput by the end of the decade – a program backed by multilateral financiers such as AfDB – with a focus on new locomotives and other infrastructure improvements. Gold production at the Tasiast mine operated by Kinross Gold Corporation has been strong following plant expansion, and the operator continues to prioritize reliability, tailings stewardship, and power efficiency, resulting in $1.5 billion in 2024 revenues paid to the Mauritanian government. A notable addition to the sector is the Tiris uranium project operated by Aura Energy in the far northeast. Aura has progressed through permitting (including the final material permit in July 2024) and advanced engineering and environmental work, positioning Tiris as Mauritania’s first uranium mine project. In mid-2025, the company announced the first long-term offtake agreement with a U.S. utility and a master spot sales agreement with a global trader, with sales to commence after financing and a final investment decision are complete. Production is slated to begin later this decade.
Opportunities: Immediate demand focuses on suppliers and service firms that can support SNIM’s rail and port expansion including locomotives, wagons, as well as plant reliability including tailings instrumentation, modular energy, and water solutions for mining operations. For uranium, near-term opportunities include EPCM support, mining and process equipment packages sized for calcrete ores, environmental and radiation safety systems, and logistics for yellowcake handling, as Tiris advances toward financing, FID, and first production, potentially by 2028.
Resources: For future investors in the mining sector to better assess existing licenses and availability of non-exploited areas, the Ministry of Mines and Industry has issued an interactive map of the mining register which displays the status of licenses: Mining Portal.