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Feraal and Tosyali signed a protocol to form a joint venture to build a unit producing 500,000 tonnes/year of iron ore concentrate from the Gara Djebilet mine in Bechar, Algeria. Investment is estimated at $120-150 million, with construction expected within 24 months.
“Ce protocole vise essentiellement à préparer toutes les conditions nécessaires en vue de la création de la future société commune dans les meilleurs délais.”news.radioalgerie.dz
Summarized from public sources; check the original articles before acting on it.