# Feraal and Tosyali sign joint venture for iron ore concentrate plant in Algeria

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.

- Type: Partnership
- Announced: 2023-04-13
- Where: Bechar, Algeria, Algeria
- Value: $135.0M
- Status: announced
- Capacity: 500,000 tonnes/year of iron ore concentrate
- Products: iron ore concentrate
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Tosyali Holding](https://endata.com/companies/24201.md) (partner)
- [Feraal](https://endata.com/companies/69713.md) (partner)

## Sources

- [news.radioalgerie.dz](https://news.radioalgerie.dz/fr/node/24678), 2023-04-13: "Ce protocole vise essentiellement à préparer toutes les conditions nécessaires en vue de la création de la future société commune dans les meilleurs délais."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.