Home Northern Africa Algeria Seeks Global Investors to Develop Amesmassa and Tirek Gold Deposits

Algeria Seeks Global Investors to Develop Amesmassa and Tirek Gold Deposits

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Algeria Seeks Global Investors to Develop Amesmassa and Tirek Gold Deposits

(3 Minutes Read)

The Grand Sud (Deep South), which is rich in valuable metals, especially gold, is the focal point of a major research and exploration initiative aimed at enhancing the country’s mineral resources. The Amesmassa and Tirek gold deposits in In Guezzam, which are currently being mined by artisanal workers, will be developed on a larger scale.

The Grand Sud (Deep South), which is rich in valuable metals, especially gold, is the focal point of a major research and exploration initiative aimed at enhancing the country’s mineral resources. The Amesmassa and Tirek gold deposits in In Guezzam, which are currently being mined by artisanal workers, will be developed on a larger scale. Djamel Eddine Choutri, advisor to the Minister of Energy and Mines, revealed that Sonarem has issued an international call for interest to help develop these deposits, which are estimated to have reserves exceeding 2.5 million tonnes.

Discussions are underway with the Australian group Lionsbig to establish an industrial partnership. This initiative will require significant material, human and technological resources. Lionsbig has committed to sustainable practices, including training, technology transfer, promotion of local content and job creation.

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Meanwhile, the Ministry of Mines is expanding its efforts to develop the southern region’s mineral wealth. Since 2022, 190 artisanal micro-enterprises operating in three provinces have produced 153 kg of gold. The ministry aims to expand exploration activities and strengthen the processing industry to maximise the economic benefits.