Mauritania’s Extractive Industries Transparency Initiative (EITI) report was published in October 2023. The report presents the evolution of Mauritania’s mining export revenues in 2022.
Mauritania exported gold, iron, copper and fishery products in 2022, with export revenues of 141.5 MRU (Mauritanian currency), or 2,242 billion FCFA.
Export revenues from the three minerals (gold, copper and iron) in 2022 generated 108.6 billion MRU, or more than 1,700 billion FCFA.
In addition, sales from the Central Bank of Mauritania (BCM) stock are estimated at more than 21 billion MRU in 2022, representing around 337 billion FCFA.
Gold exports have risen sharply due to the massive sale of gold by BCM and the resumption of activities by the mining company Tasiast Mauritania Limited SA (TMLSA). Gold sales amounted to more than 58 billion MRU, or 920 billion FCFA, in 2022 (including BCM sales), compared with more than 14 billion MRU in 2021, or more than 224 billion FCFA, or more than 360 million USD.
Revenues from iron exports reached more than 47 billion MRU, or more than 745 billion FCFA. In 2021, Mauritania recorded export revenues of 55.8 billion MRU or more than 895 billion FCFA, a fall of 15.3%. This drop can be explained by the fall in iron prices on the international market. However, the quantities exported have increased, from over 12 million tonnes in 2021 to over 13 million tonnes in 2022.
Copper exports will reach more than 3.4 billion MRU, or 54 billion FCFA, in 2022. This represents a reduction of half compared with 2021. This is justified by the decrease of the same order in the volume exported, from over 23,000 tonnes in 2021 to over 12,000 tonnes in 2022.
For the first time in 2022, gold has become Mauritania’s leading export (41%), followed by iron (33.4%) and fishery products (20.9%).
Georges Youl
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