https://www.mining.com/web/algeria-plan ... al-metals/Algeria plans to allow foreign firms to mine for critical metals
Bloomberg News | June 4, 2025
Algeria is poised to allow wider foreign ownership of mines as the gas-rich nation looks to boost production of minerals including phosphate, iron ore and lithium to diversify its economy.
New legislation permitting foreign companies to hold as much as 80% of mining projects is set for a vote in parliament, potentially marking a major shift for the nation where state enterprises wield majority control.
The North African country is also looking to streamline the licensing process and to trim billions of dollars worth of costly imports, including steel and marble, according to the head of the national mining company Sonarem.
“There is a global strategic vision for the country to promote and transform high value-added mining products,” chief executive officer Belkacem Soltani said in an interview in the capital, Algiers.
The new mining rules, which would also allow for joint exploration and exploitation licenses, would supplant a 2014 law that caps foreign ownership to 49%, with the state holding the remainder. The vote is set for June 16.
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