Results

SNIM - Société Nationale Industrielle et Minière

04/28/2021 | Press release | Distributed by Public on 04/28/2021 06:17

2020 operational and financial results

In 2020, SNIM delivered 12.501 million tonnes of iron ore to the market, an increase of 4% compared to its sales in 2019.

Our turnover thus rose from $ 880 million in 2019 to $ 1 billion 220 million in 2020, an increase of 39%.

Mainly benefiting from the increase in the price of iron ore, recorded this year, our net income increased from $ 288 million in 2019 to $ 579 million.

These financial results have thus enabled our company to improve its contribution to the Mauritanian economy with 10% of the State's budget revenues, 11% of the gross domestic product (GDP) and 43% of the country's exports.

For the 2021 Financial year, SNIM plans a sales program of 13.5 million tonnes.