Sonatrach a Force to be Reckoned with in Mines
Long an inactive shareholder of ENOR (Entreprise Nationale Algerienne d'Exploitation des Mines d'Or), Sonatrach has transformed itself over the past 18 months into a force to be reckoned with in mining investor circles. The state-owned oil company is fast building [. [...]
Mining Industry Ready for Takeoff?
An oil giant, Algeria remains a mining midget despite extensive unexplored resources and highly advantageous fiscal terms. That could be about to change. On Sept. 30, Algeria’s Office National de Recherche Geologique et Miniere (ORGM) opened technical bids in a [. [...]
Sonatrach Helps Itself to Mining Assets
Sitting on a cash pile, Algeria’s national oil company, Sonatrach, is involving itself increasingly in the mining industry. The government wants to see the sector, which is largely undeveloped, benefit from the guarantee that Sonatrach can offer investors. [...]