This summer, Algeria hopes to sell 48 mines to the private sector. The privatization of the mining sector is considered by many as being very slow but this announcement from the minister of energy and mining is an indication that the current cabinet is hoping to speed up its pace. The minister announced that bids will be open in public and through a live TV broadcast on July 15 th . The official hopes to avoid the types of criticism heard during the controversial privatization of hotels, breweries, and brick plants. The 48 units for sale are located in northern Algeria and produce various mining products ranging from marble to semi-precious stones and gold.
Bidding is only open to Algerian nationals as stated by the current mining laws.
While these mines are considered small sites, a second privatization round to be launched in the medium term will focus on large sites. Many of these large sites are expected to be completely privatized. The government will introduce new amendments to the mining laws so that foreign nationals and companies could also take part directly to the privatization of mines . Partnership Djazair Online Web Site is Designed , Maintained and Owned by CompuNet SARL .