VOL. XXXIX
No. 34
20-May-1996
ALGERIA
Algeria To Invest $15.6Mn In Gold Mine
Algeria's state-owned oil company Sonatrach, the Central Bank of Algeria, the Algerian Insurance Company (SAA) and the National Gold Mining Enterprise (ENOF) have established a joint venture to develop the Tirek gold mine in the southern province of Tamanrasset. Development of the Tirek mine has been delayed for years due to a lack of capital. Between them, the four investors will put up AD844mn ($15.6mn), of...
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