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American reports: The Gara Jbeilat mine is a rising global iron giant – New Algeria

The major American media and research centers highlighted the great importance of the Gara Jbeilat mine in the state of Tindouf, considering it “a rising global giant in the field of iron exploitation and production.”

These centers indicated in their reports that Algeria’s success in connecting the huge mine to railways is a “bold economic step” that enables the country to get out of its dependence on hydrocarbons.

The same reports described the Gara Jbeilat mine as “a sleeping giant that has been dormant for 70 years,” considering that Algeria’s success in exploiting it strengthens its economic structure and diversifies sources of income.

The United States Geological Survey (USGS) noted that Algeria is emerging today “as a rising global player in the iron and steel market, with railway infrastructure representing the technical key to converting the huge reserves of Gara Jbeilat into actual production.”

In this context, Bloomberg Economic Agency reported that Algeria has turned into a “rising mining giant,” considering that the inauguration of the Tindouf-Béchar railway line will contribute to enhancing the country’s iron and steel exports.

As for the Wall Street Journal, it wrote: “While the world’s focus is on the energy transition, Algeria is working to reshape the global iron market,” adding that the Gara Jbeilat project “gives Algeria a major competitive advantage vis-à-vis Europe thanks to geographical proximity and low shipping costs.”

Al-Monitor newspaper confirmed that, with this giant achievement, Algeria is positioning itself as a vital industrial center in the Mediterranean region and Africa, thus challenging traditional iron supply chains by exploiting one of the largest mining reserves in the world.

Forbes magazine, which specializes in economics, considered the Gara Jbeilat mine to be one of the most ambitious projects on the continent in the 21st century, noting that it represents “a smart sovereign investment that transforms stagnant natural assets into sustainable financial returns, which reduces the risks of oil price fluctuations.”

The “Energy Capital and Power” platform also indicated that the Bechar-Tindouf railway represents the backbone of Algeria’s future outside of hydrocarbons, and is the main engine that will transform the Sahara into a continental logistics pole.

With reserves estimated at about 3.5 billion tons of iron ore, the Gara Jbeilat mine is one of the largest open-pit mines in the world, and it is expected to constitute an essential tributary to the national economy and an engine for local development.

The Gara Jbeilat mine covers an area of ​​more than 40,000 hectares and aims to meet the needs of the iron and steel industry in Algeria, create economic mobility and create many job opportunities.

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