Senegalese Mining Conference & Exhibition

“The Mining Sector, an engine for growth and prosperity “

SIM 2014: Official Launch Ceremony

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NEWS!  3rd Senegal International Mining Conference & Exhibition (SIM Senegal 2014) Press conference took place on Tuesday 6th at the Radisson Blu Hotel in Dakar from 9.00 to 10.30. The event was chaired by Mr. Aly Ngouille NDIAYE, Minister of Industry and Mines of Senegal. Please click here for the press conference report in French.

SIM Senegal (3rd Senegalese Mining Conference & Exhibition) will take place from 4 – 6 November 2014 at the Hotel King Fahd Palace (formerly known as Le Meridien President), Dakar, Senegal. The event is organised by the Ministry of Industry & Mines, Senegal in association with AME Trade Ltd. The event will feature a three day conference, exhibition and option to visit some of Senegal’s key mining sites.

SIM Senegal has already established itself as one of the largest mining events in West Africa. The second edition of the event in 2012, was opened by His Excellency Macky SALL, President of the Republic of Senegal. It featured over 700 delegates, coming from over 30 countries and included 82 exhibitors.

SIM Senegal welcomed high level delegations from Guinea, Mali, Mauritania, Burkina Faso, Ivory Coast, Guinea Bissau, Gambia and Niger making it a truly regional mining event. During the course of the three day conference eighty two presentations were delivered from a broad range of speaker including multilateral partners, private sector mining investors, the Senegalese public sector and mining services providers.

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SIM Senegal 2014 will build on the success of its previous editions, as theestimated $USD 5billion invested in the Senegal mining industry from 2000-2013 brings a return on the initial investment. 20% of Senegal’s export revenues coming from its rapidly growing mining sector.

Through the integration of the Golouma Project with the ore processing facilities of the Sabodala Gold Operations, the revenues of the state, with this combined operation, will increase by 85 million U.S. dollars (with the price of gold at $ 1350 per ounce) to 110 million U.S. dollars (with the gold price at $ 1,600 per ounce) between 2015 and 2017 due to the anticipated production of Oromin-Joint Venture -Group (OJVG) deposits. At the same time to the south of the Sabodala field in the area of Massawa, another deposit was discovered with a large gold potential of 3 million ounces.

At the same the policy of mining diversification will start to pay off by the exploitation of deposits of heavy minerals, zircon and titanium. World class discoveries in the littoral zone called “The Grand Coast” will represent 8% of the worldwide total and 25% of the consumption of the European market,with construction 90% complete and commissioning expected in the first quarter of 2014. It will elevate the country to the rank of the 4th largest producer worldwide.

Senegal’s overall phosphates potentialities will rise from 500 millions to 1 billion tons and the country could soon feature amongst the world’s top 10 phosphate producers.

The Faleme iron ore deposit of 750 million tonnes is now on the market again, after the country won an international arbitration case against the previous permit holder.

Senegal is a transparent and secure mining investment destination and is now a candidate country for membership with the ITIE. It is also in the process of reforming its mining code to make in line with our neighbouring mining countries.