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Algeria to Revive Mining Industry

Source: Algeria Times 2/27/2014, Location: Africa

Hydrocarbons have long served as the backbone of Algeria's economy, but in recent months, there has been a push to encourage activity in other extractive industries, following the introduction of new legislation aimed at increasing mineral production.

The text of the new mining bill was approved by both the national assembly and the upper house in late January, and is seen as crucial to helping stimulate new exploration and production in the sector, with reforms improving both procedural transparency and fiscal incentives.

According to Minister of Energy and Mines Youcef Yousfi, the law aims to entice investors by "confirming the interest of Algeria in the mining sector", while also highlighting the importance of sustaining job creation and environmental management.

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

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