Arab Steel Summit
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Arab Steel Summit

Algeria Mines Complex exports increase by 110% in 2022

The industrial and mining Complex “Algeria Mines” (MANAL) achieved exports worth $216 million in 2022, registering an increase of 110% compared to exports in 2021, as confirmed by the CEO Mohamed Sakhr Harami.

Mr Harami said, in his intervention on the occasion of a workshop on mineral resources in Algeria, that the exports of the “MANAL” Complex have witnessed a significant increase in recent years, rising from $57 million in 2020 to $103 million in 2021 and then to $216 million in 2022.

The first official in charge of the Complex added that the rise is expected to continue in 2023, which will allow the institution to record a new increase in the turnover during the current year, to reach 49.3 billion DZD, compared to 44.3 billion in 2022.

And he continued by saying that “these results have been achieved thanks to the realization of the plan to develop the “MANAL” Complex, mainly through the launch of new projects, as well as the increase in current production capacities.

Mr Harami confirmed that the development plan also includes the valuation of mining products to achieve the total value chain locally and launch significant projects and the implementation of a research program consisting of 26 projects during 2021-2023.

During the workshop work organized by the Geological Service Agency of Algeria, numerous experts in the mining sector agreed on the importance of developing many mining resources that fall under the energy transition, for which the demand may witness a significant increase in the coming years.

The representative of the National Agency for Mining Activity, Rachid Abchiche, confirmed that there would be a great demand for mines, especially from lithium, cobalt, nickel, copper and rare elements.


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