A consortium composed of Metallurgacal Corporation of China, China International Water and Electric Corporation and Hunan Heyday Solar Corporation has signed up to carry out a feasibility study on the exploitation of Gara Djebilet iron ore in western Algeria. The project could cost in excess of $2bn, according to preliminary estimates.
The Algerian side of the Tindouf Basin is interesting for remote sensing analysis conducted by an Australian researcher has yielded evidence of uranium mineralization possibly coincident with hydrocarbon microseepage.
It is therefore likely that China is interested in the Tindouf Basin's potential for iron ore, as well as uranium.
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