The Algerian National Iron and Steel Company (FERAAL) and the Chinese consortium CMH signed a partnership agreement to jointly develop the Gara Djebilet iron ore mine in Tindouf Province, Algeria.

According to the agreement, the iron ore production capacity is aimed to reach 2 million tons per year by 2026 and increase to 50 million tons by 2040.

The project was expected not only to bring major revenues to Algeria but also to be helpful for carbon emission reduction and sustainable development for the global steel industry.