Algeria will permit foreign firms to own up to 80% of mining projects (up from 49%) in a parliamentary vote on June 16, targeting phosphate, iron ore, and lithium development to diversify its gas-dependent economy. 

Key projects include US$1.5 billion in phosphate mining and partnerships with China's Sinosteel and Turkey's Tosyali to develop 7 billion tons of iron ore reserves. A US$800 million iron-processing plant with a 4 million tons capacity is underway to reduce steel imports. 

The reforms also include gold mining tenders and lithium exploration, though reserves remain unconfirmed. The move follows IMF advice to reduce Algeria's reliance on hydrocarbons, which currently dominate exports and state revenue.