Algerian and Chinese Firms Confirm Phosphate Mining Deal in Algeria
A US$7 billion joint venture to develop and exploit phosphate deposits confirmed.
Four Algerian and Chinese firms have signed a US$7-billion deal to develop an integrated phosphate project in Algeria in Bled El Hadba, Djebel Onk, and Tebessa. The agreement took place at a shareholders’ signing ceremony. The firms Manal and Asmidal, a subsidiary of Sonatrach, represented Algeria while Wuhuan Engineering and Tian’An