New Mines In North Africa

1 Feb 2023

New mines in North Africa account for 62% of Industrial activity, which totals $14 billion in active projects. Algeria is North Africa’s busiest market for new mining and industrial projects. The North African country has almost 50% or $7 billion of new industrial and mining projects. Egypt is in second place, with 44% of the active mining and industrial projects. 

The Tebessa Phosphate Project is a significant new mining development in North Africa. The project is valued at $7 billion and will increase phosphate production to 10 million tonnes per annum. The developer is Algerian Chinese Fertilizers Company, a joint venture between Wuhuan Engineering Co. LtdAsmidal (a subsidiary of Sonatrach) and Manal. Work on the mine started in 2018 and will complete in 2027. 

In Egypt, the Shalateen Mining Company have started work on a $1 billion Gold mine in the country’s southeast. The Iqaat Gold Deposit has an estimated 1 million ounces at an ore density of 1.5 grammes per tonne.

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