Algeria opens mining to foreign investment
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Algeria opens mining to foreign investment
ALGERIA’S parliament approved legislation allowing foreign companies to own up to 80% of mining projects, marking a significant policy shift for the OPEC nation as it seeks to diversify its hydrocarbon-dependent economy, Bloomberg News reported. A majority of lawmakers voted in favor of the new law on Monday. Authorities say it will streamline the investment process, boost extractive industries and allow the North African nation to reduce billio…
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