Geology of Mauritania ore. A Neoproterozoic carbonate unit, part of a synformal nappe overturned in the Paleozoic, now forms a major copper deposit 250 kilometers northeast of Nouakchott in the Mauritanides Belt. The one kilometer, 250 meter wide deposit spans the West and East Moghrein Guelb hills. Forty meters below the deposit is a secondary deposit of cuprite, azurite, malachite and tenorite, with an additional 2.25% copper, some gold and sulfide mineralization including cubanite, chalcopyrite, pyrrohitite and aresnopyrite. In the 2000s, mining at the site had mostly ceased except for gold mining in the tailings pile. Gypsum is extracted from the N'Drahamcha quarry,
Iron ore addition to swaps. The CME group has been the venue most utilised for clearing of options written against TSI, with open interest at over 12,000 lots in August 2012. Singapore Mercantile Exchange (SMX) has launched the world first global iron ore futures contract, based on the Metal Bulletin Iron Ore Index (MBIOI) which utilizes daily price data from a broad spectrum of industry participants and independent Chinese steel consultancy and data provider Shanghai Steelhome's widespread contact base of steel producers and iron ore traders across China. The futures contract has seen monthly volumes over 1.5 million tonnes after eight months