Algeria partners with Chile to develop mining sector, focusing on copper and lithium
via Algérie3603 min read
Algeria and Chile have reactivated their joint mining cooperation commission, aiming to develop Algeria's underexploited mineral resources. The agreement follows a meeting in Algiers between Mourad Hanifi, Algeria's Minister of Mines and Mining Industry, and Chilean Ambassador Juan Claudio Valenzuela. Chile, a leading global producer of copper and a major holder of lithium reserves, will share its expertise with Algeria. This partnership is part of Algeria's broader strategy to diversify its economy and reduce its reliance on hydrocarbon revenues, positioning the mining sector as a key driver of growth. The collaboration will involve a technical working group to identify joint projects, exchange expert visits, and focus on exploration, exploitation, and valorization of mineral resources. Key areas include expertise exchange in copper and lithium, development of environmentally friendly extraction processes, specialized training for engineers and technicians, and sharing regulatory and legislative experiences. The Chilean ambassador emphasized Santiago's commitment to a mutually beneficial partnership, transferring its extensive mining know-how. Algeria's mining sector is undergoing significant transformation, with a focus on attracting foreign investment and developing local processing of minerals like iron, zinc, lead, phosphate, gold, copper, and rare earths to create high-value products, jobs, and export revenues. The choice of Chile as a partner is strategic due to its lo
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