INSUBCONTINENT EXCLUSIVE:
Since July 2022, Algeria has taken a significant step in mining
Over 250,000 tons of iron have been extracted from the Gara Djebilet mine.Reda Belhadj, Deputy Director-General of FERAAL, shared this
The rest is set for export, leveraging the recent rise in iron prices.These prices have increased by 35%, now over $135 per ton.Gara
(Photo Internet reproduction)These projects will support iron ore transport and processing.During a late November visit to Gara Djebilet,
President Abdelmadjid Tebboune urged the steel industry to begin exports
Target markets include Africa and Europe.Approach aligns with global mining leaders like Brazil and AustraliaThis initiative is part of
vast iron ore reserves is particularly ambitious compared to other African nations.This approach aligns with global mining leaders like
It mirrors strategies in nations like Canada, where robust transport networks support mining.Exporting to African and European markets
positions Algeria as a potential key player in the global iron market.This strategy aligns with global trends as countries seek to diversify
market.This initiative serves as a model for resource-rich countries looking to expand their economic base.
