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October 21, 2023 | 1 year ago

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Algeria in the World’s Top 20 in Natural Resources (Insider Monkey Ranking)

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The figure that is particularly noteworthy is the total revenue from natural resources, which has amounted to 22.6% of Algeria’s gross domestic product (GDP) since 2021. This critical fact underscores the critical importance of these resources to the national economy. 

Algeria is in an advantageous position, and it is precisely this opportunity that it is exploiting through new development and investment policies. 

The Insider Monkey report highlights the bold predictions that have emerged from Algeria’s recent reform efforts. One major ambition is to produce 12 million tons of steel in Ghara Djebilet mine by 2025, a venture that will require the supply of 20 million tons of iron ore, including 4 million tons of iron concentrate, as well as 6 million tons of pellets. 

For the long term, the 2040 Agenda aims to produce more than 40 million tons of iron ore. This visionary plan takes on a new dimension thanks to the implementation of the railway project in partnership with the Chinese complex. 

This promising collaboration opens up new opportunities for Algeria, which is positioning itself as a major player in the iron ore industry. These ambitious roadmaps are based on reliable production indicators.

For example, the report cites the Tala Hamza zinc and lead mine, located in Oued Amizour region (province of Béjaïa), with reserves estimated at around 34 million tons. This mine generates an impressive annual production of 169,000 tons of zinc concentrate and 30,000 tons of lead. 

Ghara Djebilet mine has considerable iron ore reserves, estimated at 3 billion tons, of which 1.75 billion tons are exploitable. These reserves are the cornerstone of Algeria’s economic future, which is preparing for a promising future by fully exploiting its natural resources while diversifying its economy for sustainable growth.

October 22, 2023 | algeria-logo

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