Joint venture to operate Gara Djebilet iron deposit to be signed soon

ALGIERS- The signing of the joint venture contract for the implementation of the Gara Djebilet iron deposit project (Tindouf) between Algeria and a 3 Chinese company’s consortium is scheduled for the fourth quarter of 2021, said the Director of this large mining project, Ahmed Benabbes.

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ALGIERS- The signing of the joint venture contract for the implementation of the Gara Djebilet iron deposit project (Tindouf) between Algeria and a 3 Chinese company’s consortium is scheduled for the fourth quarter of 2021, said the Director of this large mining project, Ahmed Benabbes.

Co-financed by Algeria and China, this project will then see its effective launching in three (3) phases, namely 2021/2024 with the implementation of the pilot unit, the second phase (2024-2027) will be dedicated to the production of 2 to 4 million tons of commercial products, while the third phase (2027-2035 to 2040) will see the production of 40 to 50 million tons, including 30 million tons of commercial products, according to the project director.

Three mining fields are covered by the exploitation phases of this deposit, whose resources are estimated at more than three (3) billion tons, located in Gara Djebilet West, Centre and East, in addition to the iron deposit of Mechri Abdelaziz, located 200 km east of Gara Djebilet, Mr Ben Abbes added.

In addition to these mining infrastructures, the same project will also create 3,000 to 5,000 jobs in its implementation phase.

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