Algeria will invest $7 billion to $10 billion to build the G â ra Djebilet iron mine located in the Tindouf Province of western Algeria.

The project covers an area of over 125 square kilometers and has an estimated mineral reserve of 3.5 billion tons, of which 1.7 billion tons are recoverable. The project will be put into trial operation in 2022, with an initial planned annual production of approximately 2-3 million tons.

It is reported that the Algerian Ministry of Energy and Mines plans to achieve an annual production of 12 million tons of this iron ore by 2025 and over 40 million tons by 2040.

In March of this year, Algerian government officials stated that the government plans to build a 1000km long railway that will connect the iron ore mine with Bechar Province in the northwest to achieve mining goals.

In June 2023, Algerian state-owned steel company FERAAL signed a development agreement with a CMH consortium composed of three Chinese enterprises. The consortium members include MCC International, Sinohydro, and Hunan Shengshi Sunshine Technology Co., Ltd.Editor/GaoLiMei