Commodities
Algeria Opens 600-Mile Railway to Tap Vast Iron-Ore Deposit
Abdelmadjid Tebboune
Photographer: Jure Makovec/AFP/Getty ImagesAlgerian President Abdelmadjid Tebboune inaugurated a 950-kilometer (590-mile) railway built in collaboration with China that’s key to exploiting vast iron-ore deposits in a bid to diversify the OPEC member’s economy.
The step gives the green light for the first shipments of ore from the Gara Djebilet mine in the western desert near the Moroccan border — a project mooted for decades. Feraal, a subsidiary of Algeria’s state miner Sonarem, and China’s Sinosteel are among companies involved in the broader project.