Algeria plans to allow foreign firms to mine for critical metals
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.
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.
