CHINESE CONSORTIUM LAUNCHES $2 BILLION PROJECT IN ALGERIA
ALGIERS, March 30 (Reuters) – A Chinese consortium on Tuesday signed a memorandum of understanding with an Algerian state company to exploit an iron deposit in the North African country, Algerian state media reported. The project will be carried out at Gara Djebilet iron mine, in the southern province of Tindouf, state radio said, citing Energy Minister Mohamed Arkab. “The project cost could exceed $2 billion according to preliminary estimates. It is still an approximative…
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