Algeria has taken a major step in its bid to diversify its economy with a new strategic mining partnership with Malaysia’s Lion Group.
The agreement, signed with Algeria’s National Mining Research and Development Company (Sonarem), is aimed
The deal encompasses cooperation across various sectors, with a focus on high-value minerals such as gold, copper, and manganese.
It includes extensive prospecting work and plans for developing key mining sites, particularly in Algeria’s v
In addition to extraction, the partnership will explore local processing of raw materials, a move designed to boost domestic value chains and reduce Algeria’s dependence on raw exports.
The goal, according to officials, is to retain more economic value within the country by building processing and refining infrastructure locally.
“This agreement marks a meaningful convergence of industrial ambition and environmental responsibility,” noted one source close to the negotiations.
The collaboration also aims to contribute to regional development and land rehabilitation, helping combat desertification while fostering
Algeria’s subsoil has long attracted interest, but limited development and infrastructure have held back investment.
This new partnership signals growing confidence among international firms in Algeria’s economic outlook, regulatory reforms, and investment cl
For Lion Group, the project offers a foothold in North Africa’s emerging mining sector. For Algeria, it aligns with its broader strategy to reduce reliance on hydrocarbons and build a more resilient, multi-sector economy.
Authorities hope the mining sector will become a vital complement to oil and gas, supported by innovation, job creation, and local expertise.
