#Latest news with #extractiveindustriesBloomberg12 hours agoBusinessBloombergAlgeria Opens Door to Larger Foreign Role in Mining ProjectsAlgeria's parliament approved legislation allowing foreign companies to own as much of 80% of mining projects, a step change for the OPEC country seeking to diversify its economy. A majority of lawmakers in attendance 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 trim billions of dollars worth of costly imports.
Bloomberg12 hours agoBusinessBloombergAlgeria Opens Door to Larger Foreign Role in Mining ProjectsAlgeria's parliament approved legislation allowing foreign companies to own as much of 80% of mining projects, a step change for the OPEC country seeking to diversify its economy. A majority of lawmakers in attendance 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 trim billions of dollars worth of costly imports.
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