American press: The Gara Jbeilat mine is the rising global iron giant – Algerian Al-Hiwar newspaper

AThe American press showed great interest in the Gaara Jbeilat mine in the state of Tindouf, and in simultaneous reports, American newspapers highlighted that Gaara Jbeilat is the rising global iron giant. It has been dormant for 7 decades.

American newspapers considered Algeria’s success in connecting the mine to the railway as “the boldest economic step” for the country, and in the eyes of research centers and the American press, emphasis was placed on Gara Djebelat as breaking the “oil curse.”

The following are the most important things reported in the American press:

• Bloomberg News Agency: Algeria is no longer just a gas station for Europe; It is turning into a rising mining giant.

She said that the inauguration of the Tindouf-Béchar railway line is a “game changer” in North Africa.

It emphasized that this line will enable Algeria to export surplus steel production.

• The Wall Street Journal: As the world focuses on the energy transition, Algeria is reshaping the global steel market.

She stressed that the Gara Jbeilat project gives Algeria a major competitive advantage vis-à-vis Europe thanks to geographical proximity and low shipping costs.

This may crowd out traditional suppliers from South America.

• Al-Monitor newspaper – Washington: Algeria is not just building a railway; Rather, it positions itself as a vital industrial center for the Mediterranean and Africa.

It stated that Algeria is challenging Thus, traditional iron supply chains exploit one of the world’s largest reserves.

• Forbes newspaper: One of the continent’s most ambitious projects for the 21st century. It represents ‘smart sovereign investment’.

She believed that this investment transforms stagnant natural assets into sustainable cash flows, which reduces the risks of oil price fluctuations.

• American investment platform: The railway line (Bechar – Tindouf) represents the backbone of Algeria’s future outside of hydrocarbons.

The platform considered the line to be the main engine that will transform the Sahara into a continental logistics pole.

• US Geological Survey: Algeria is emerging today as a rising global player in the iron and steel market.

According to the authority, railway infrastructure represents the technical key to transforming Gara Jbeilat’s huge reserves into actual production.