10,208.65 TRY BIST 100 BIST 100
34.67 EUR EUR EUR
32.38 USD USD USD
4.49 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
45.27 TRY Interest Interest
83.94 USD Fossil Oil Fossil Oil
26.74 USD Silver Silver
4.50 USD Copper Copper
117.55 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,402.11 TRY Gold (gr) Gold (gr)

Extracts 250K tons iron ore, boosts jobs and industry growth in Algeria

The project is set to create between 25,000 and 125,000 jobs, with production capabilities expected to reach 50 million tons annually by 2040.

Extracts 250K tons iron ore, boosts jobs and industry growth in Algeria

Between 2022 and 2023, over 250 thousand tons of iron ore were extracted from the Gara Jbeilat mine in Algeria, according to Assistant Director General Belhadj Reda. The mine, one of the world's largest in terms of reserves, is expected to meet the local needs for iron ore in the country, along with the Ouenza and Boukhadra mines. The project is expected to create 25 thousand and 125 thousand jobs, and boost the national industry. The mine's production capabilities are estimated to reach 50 million tons annually by 2040. The project will be accompanied by several other projects, including the completion of the Gara Jbeilat-Bashar railway line and the Bashar Complex for railway tracks, metal structures, and railway cars for transporting ore. The President of the Republic, Mr. Abdelmadjid Tebboune, has launched the railway line between Gara Jbeilat and Bchar, marking a turning point in the project's success.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kenya's floods have a negative impact on the steel industry

Friday, May 3, 2024

Türkiye's scrap imports down 21.5% in March

Friday, May 3, 2024

Coal India's coal production rises in April

Friday, May 3, 2024

Foreign trade deficit increased by 13.3 percent in April

Friday, May 3, 2024

Swiss Steel will make additions to the board of directors

Friday, May 3, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now