10,011.27 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.98 USD USD USD
36.71 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.21 TRY Interest Interest
73.23 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
4.13 USD Copper Copper
104.99 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,646.47 TRY Gold (gr) Gold (gr)

Work begins on new iron processing plant in Algeria

In the Algerian province of Naâma, a new plant will be built to process iron ore from the Gara Djebilet mine. The construction of this plant is scheduled to start in late 2024 or early 2025.

Work begins on new iron processing plant in Algeria

A delegation of representatives of Chinese companies, together with the Algerian Iron and Steel Company (FERAAL), conducted a site inspection in the Naâma governorate. The delegation assessed the technical infrastructure, land preparation, energy and water supply, as well as transportation networks for the plant to be built in the industrial zone in Harchaïa.

The new plant is expected to have an annual processing capacity of 9 million tons of iron ore concentrate and will be built on an area of approximately 500 hectares. It will use advanced technology to produce "semi-finished iron ore squares" for concrete reinforcement and is expected to be operational in 2028. The project will also include the construction of a new 318-kilometer-long railway line to transport iron ore from Gara Djebilet to Naâma.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Worldwide Stainless acquires Bahru Stainless

Wednesday, December 18, 2024

Cleveland-Cliffs increases HRC prices by $50

Wednesday, December 18, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

2024 rebar prices in Saudi Arabia reflect decreasing trend compared to 2023

Wednesday, December 18, 2024

Demand and prices under pressure in Türkiye's long product market

Wednesday, December 18, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now