The reserves of the Gara-Djebilet field in Algeria, according to various estimates, are from 1 billion to 3 billion tons
Algerian steel producer Tosyali Algeria, a subsidiary of Turkish Tosyali Holding, plans to build an industrial plant for the processing of iron ore from the Gara-Djebilet mine. This was announced by the Algerian Ministry of Energy and Mining, reports SteelOrbis.
During the negotiations that took place in the relevant department, it was decided to prepare a technical and commercial study of the project. Cooperation between mining companies and the Tosyali Group was also discussed, partnership and investment opportunities, in particular, the use of iron ore from the Gara-Djebilet mine at the Tosyali steel complex in Betioua (Oran) in Algeria were considered.
The Gara-Djebilet iron ore deposit, located in Tindouf province in southwestern Algeria, is one of the largest in the world. Its reserves are estimated at 1-3 billion tons.
As Turkish TRT Haber reported, works on Gara-Djebilet in Tindouf province in southwestern Algeria began on July 31, 2022. There are surface reservoirs here, which allow meeting the needs of the domestic market and exporting surpluses. The mining project was purchased by three Chinese companies. At the first stage, investments should amount to 2 billion dollars.
According to Algerian Energy Minister Muhammed Arkab, with the completion of the railway, the mine will be able to be used at full capacity by 2026, producing 40 to 50 million tons of iron ore annually.
As GMK Center reported earlier, Australian mining company Fortescue Metals Group plans to invest $6.2 billion by 2030 in reducing the use of fossil fuels and carbon emissions from iron ore mining. Most of the capital investments are planned for 2024-2028. Full implementation of the company’s strategy will make it possible to reduce greenhouse gas emissions by 3 million tons per year.