Algeria enacts new mining law to boost foreign investment

ALGIERS, Algeria (MNTV) — Algeria has approved a landmark law designed to open its mining sector to greater foreign investment, part of a broader strategy to diversify its economy and harness untapped mineral resources.

President Abdelmadjid Tebboune signed the legislation into law last week, with the official text published in the government gazette. 

The move comes two months after parliament passed the bill, which introduces sweeping reforms aimed at modernizing the sector.

Key measures include the launch of an electronic portal to provide investors with up-to-date information on available mining sites, as well as streamlined licensing and exploration procedures to reduce bureaucratic delays.

According to local daily Elkhabar, the law offers “a set of facilities to encourage investment and rebuild trust” among both domestic and international stakeholders. 

The reforms emphasize the protection of investor rights and adopt a long-term vision positioning mining as a driver of sustainable economic growth, particularly amid surging global demand for strategic minerals.

The Ministry of Energy and Mines said the legislation is designed to “improve the mining investment climate by simplifying access to exploration and exploitation activities, increasing transparency, and creating more favorable conditions for investors.”

Officials hope the changes will help Algeria unlock its vast reserves of iron ore, phosphates, rare earths, and other valuable minerals — a sector seen as critical for reducing reliance on hydrocarbons and attracting diversified foreign capital.