SNIM intends to upscale its operations

To achieve this, the company, which has been managing the country’s iron ore deposits for six decades, has established a Strategic Business Plan.

The primary objectives of this plan are to increase production capacity, enhance value creation, and diversify the company’s product offerings. Through the successful implementation of this strategy, SNIM anticipates doubling its iron ore production by 2031, with additional output primarily coming from the F’derick and Tizerghaf projects.

The plan also includes the gradual development of local manufacturing industries to process a portion of its production into pellets, direct reduced iron (DRI), and hot-briquetted iron (HBI). This initiative leverages the availability of affordable energy sources such as natural gas and green hydrogen. 

Furthermore, the Strategic Plan aims to introduce mining diversification into SNIM’s portfolio, exploring the potential for extracting other minerals to broaden its operational scope. n