Mustafa Makidch, the economic expert and specialist in hydrocarbons, confirmed that the zinc and lead mine in Wadi Amizour in the Béjaïa province, which entered the exploitation phase today, contains 34 million tons of zinc and lead reserves, making it a strategic project for Algeria. Its exploitation will extend over twenty years divided into three phases: implementation, exploitation, and rehabilitation. Makidch explained in the program 'Guest of the Day' on Algeria's third radio channel that contracts were signed in March 2024 with Australian partners for exploitation and Chinese partners for infrastructure development, after two years of project preparation. Watch the full content on Echourouk Online.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
Algeria - The SONATRACH group reported in a statement on Sunday that the agreements signed in Berlin with the companies Bosch and Siemens Energy, on the sidelines of the official visit by the President of the Republic, Mr. Abdelmadjid Tebboune, to Germany, will enhance cooperation between the two countries in the field of energy transition.
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