Signature(s)
Summary sheet
Financing of a bankable feasibility study (BFS) on the exploitation of the Guelb el Aouj iron ore deposit, located 35 km from SNIM’s existing mining operations.
The BFS should enable the promoter or any other investor to decide whether it is worth proceeding with the establishment of a new iron ore mine and subsequent processing infrastructure designed to produce DR (Direct Reduction) grade pellets possibly destined to the DR markets in North Africa and the Middle East.
An environmental impact study, including a management plan on environmental aspects and a preliminary closing plan will be part of the feasibility study. Considering the location and not very harmful techniques of the project, no major problem is foreseen.
The various components of the study which are for the most part specialized in nature as well as the preparation of the final report will be contracted out in direct negotiations.
Mining and Quarrying.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications