2nd US Conference on Doing Business in Algeria

An executive of the Algerian National Company of Iron and Steel (Feraal) has announced back in October that an international expert will be appointed before the end of the month with the mission to undertake a feasibility study for the exploitation of the huge mining deposit of Gara Djebilet neat Tindouf, 1,750 kms south-west of Algiers.  The Algerian Press Service (APS) reported that the 2nd US Conference on Doing Business in Algeria held in Washington DC, has declared that the feasibility study in its initial phase of the exploitation of the Gara Djebilet deposit  concerned with the technical aspect of the study and was successfully conducted by a Canadian consultant. [ms-protect-content]

This study’s objective was to ascertain the deposit, the iron ore production and the cost of its exploitation in Algeria, the same official added.

According to two previous studies conducted in the 1960s and the 1970s, the reserves of the deposit were established at between 1.5 to more than 2 billion tonnes of iron ore.  

A first attempt at mining the deposit was made by the Algerian government in the 1970s and 1980s through a specially set up quango but it was abandoned after repeated losses.

More recently, hard pressed by the losses of earnings for oil and gas exports and population discontent with any idea of shale gas exploration, the Algerians have decidedly turned to mining.

The Algerian Press Service (APS) reported that the Algerian Minister of Industry present at the 2nd conference of “Doing Business in Algeria” held in Washington DC last week, has declared that the feasibility study in its initial phase of the exploitation of the Gara Djebilet deposit  concerned with the technical aspect of the study, was successfully conducted by a Canadian consultant who has advised the implementation of the best methods for the treatment of ore to reduce the phosphorus content from 0.8% to 0.03%.  The consultant also confirmed the significant potential of the deposit with a significant 63% iron.

Mining: Feasibility study of Gara Djebilet deposit project launched

WASHINGTON (US) – 4 December 2015

The minister told APS on the sidelines of the 2nd Conference on Doing Business in Algeria, which wraps up Friday in US, that a study was underway to determine the economic feasibility of Gara Djebilet deposit.

A first study, which concerned the technical feasibility of the project, conducted by a big Canadian engineering company, was successful, the minister said.

This company set up the best processes for the treatment of iron by reducing the rate of phosphorus in steel from 0.8% to 0.03%.

This first study has also confirmed the substantial potential of this deposit, which encompasses ore with appreciable iron content of 63%, he added.

“Those results confirm that the Gara Djebilet deposit, which reserves are of above 2.5 billion iron, can be exploited today,” he noted.

The exploitation of Gara Djebilet, a huge open sky mine located in Tindouf, was hurdled in the past by technical difficulties, notably those related to the content rich in phosphorus and arsenic, which made its exploitation not very profitable.

The National Company of Iron and Steel  (Feraal), a consortium created in 2014 between Sonatrach, Sider, Group of Cement Plants (GICA) and Manadjim El Djazair (Manal) to develop this  project, banks on a production of 10 to 12 million tonnes of steel in 2025.

Read the original story on the APS online.

[/ms-protect-content]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s