{"id":13393,"date":"2021-04-05T17:02:18","date_gmt":"2021-04-05T22:02:18","guid":{"rendered":"https:\/\/jazairhope.org\/?p=13393"},"modified":"2021-04-05T17:02:18","modified_gmt":"2021-04-05T22:02:18","slug":"chinese-consortium-signs-mou-on-algeria-iron-project","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/chinese-consortium-signs-mou-on-algeria-iron-project\/","title":{"rendered":"Chinese consortium signs MOU on Algeria iron project"},"content":{"rendered":"<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">ALGIERS, March 30 (Reuters) &#8211; A Chinese consortium on Tuesday signed a memorandum of understanding with an Algerian state company to exploit an iron deposit in the North African country, Algerian state media reported.<\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">The project will be carried out at Gara Djebilet iron mine, in the southern province of Tindouf, state radio said, citing Energy Minister Mohamed Arkab.<\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">\u201cThe project cost could exceed $2 billion according to preliminary estimates. It is still an approximative figure,\u201d he added.<\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">The consortium, which includes China International Water &amp; Electric Corp, Heyday Solar and the iron and steel manufacturer Metallurgical Corp Of China, will carry out the project in partnership with Algerian National Company of Iron and Steel (Feraal).<\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">OPEC member Algeria has been struggling to attract foreign investment in a bid to diversify its economy away from oil and gas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ALGIERS, March 30 (Reuters) &#8211; A Chinese consortium on Tuesday signed a memorandum of understanding with an Algerian state company to exploit&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-13393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese consortium signs MOU on Algeria iron project - AAH.JZR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jazairhope.org\/en\/chinese-consortium-signs-mou-on-algeria-iron-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese consortium signs MOU on Algeria iron project - AAH.JZR\" \/>\n<meta property=\"og:description\" content=\"ALGIERS, March 30 (Reuters) &#8211; 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