The Government of Algeria invites bids for a iron ore deposit
The Algerian government announced the open international tender for the development of iron ore deposits are located in the south-east of the country. It is reported that the city of Algiers, a special information point, where interested individuals can get detailed information on ore deposits. According to official data, the operation of this type of information to support the planned November 5. O Gara Djebilet deposits and Mechri Abdelaziz already known for several decades. The rapid growth of global demand for iron ore and rising world prices have stimulated the Algerian government to seek investors willing to develop these deposits.
According to the National Agency for mining at the Ministry of Energy and ore resources, ore deposits are estimated at 3 billion tons of iron content in the ore hovers around 52-57%. Extraction could be open method. However, the transportation of the ore difficult - areas of occurrence of rocks removed for 1600 km from the Mediterranean coast of the country and at least 300 kilometers from the Atlantic.
In this situation, you can use the ore for the needs of steel plants, especially since natural gas deposits are located in the area of 550 km. One of the potential bidders will be the company Mittal Steel, which has unit Mittal Steel Annaba (Algeria#39;s largest steel plant and ore miner in the north-east of the country).
