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Algeria seeks Chinese mining investments
Algerian Minister of Mines and Mining Industries, Mourad Hanifi, discussed with Han Wenxiu, Deputy Executive Director of the Bureau of the Central Committee for Financial and Economic Affairs in China, the strengthening of bilateral cooperation in the mining sectors, particularly in exploration, geology, and investment. The meetings, held at the Ministry of Mines headquarters in Algiers, focused on revitalizing the strategic partnership between the two countries and developing Chinese projects within the sector, including the Hajar Mine project, which contains 3.5 billion tons of iron, as well as Chinese investments totaling $4.5 billion across approximately 42 Algerian projects. These efforts are part of Algeria's plan to diversify its economy and enhance economic sovereignty through the development of the mining sector.
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