Mauritania Targets $7.8 Billion in Annual Mineral Exports by 2045 Under New Mining Compact

Highlights

• Mauritania's National Mining Compact, backed by the World Bank, aims to grow mineral exports from $3B in 2025 to $7.8B annually by 2045.
• The plan targets 30 million tonnes of iron ore and 5 million pounds of uranium per year, plus a critical minerals investment decision by 2045.
• Rare earth potential is identified in the Mauritanide Belt, but no resource estimates, processing studies, or production commitments are included.
• Infrastructure bottlenecks—including unreliable electricity, water shortages, and port congestion—pose serious risks to expansion ambitions.
• REEx advises investors to demand verified resources, funded infrastructure, and bankable processing plans before assigning value to government targets.