By Faith Barbara N Ruhinda at 1552 EAT on Monday 3 November 2025

ALGIERS, — Algeria has underlined its efforts to create a flexible legal framework to attract foreign investment in its mining sector, officials said following remarks by Salmi Lakhdar, a deputy in the People’s National Assembly, at the 4th session of the 11th G20 Parliamentary Speakers Summit in Kleinmond, South Africa.

Addressing the summit, Lakhdar spoke on “The Contribution of Mining Wealth to Economic Growth and Sustainable Development” and stressed the role of mining in supporting both Algeria’s national economy and global economic growth.

He highlighted major national projects, including the Gara Djebilet iron ore mine in Tindouf, the Djebel El Onk phosphate mine in Tébessa, and the Oued Amizour zinc and lead project in Béjaïa. He also emphasized strategic infrastructure such as railways, roads, and port networks designed to ensure sustainable and rational resource exploitation.

The deputy highlighted recent reforms in Algeria’s investment and mining laws, aimed at strengthening transparency, providing an attractive environment for foreign investors, and offering legislative flexibility to encourage long-term, sustainable investment.

Lakhdar also addressed Africa’s broader role in the global mining landscape, noting that the continent holds about 36 percent of the world’s mineral reserves, with certain critical resources—platinum, cobalt, uranium, and lithium—accounting for up to 70 percent of global reserves.

He described these minerals as central to the development of clean energy and emerging industrial technologies, positioning Africa as a key player in future global industrial supply chains.

The lawmaker called for closer economic and financial cooperation between G20 nations and other countries, stressing the role of international financial institutions in supporting balanced and sustainable economic growth worldwide.

Algeria’s remarks at the summit come amid growing global competition for critical minerals, with the country seeking to position itself as a stable, investment-friendly destination in a sector that is increasingly vital for renewable energy, electric vehicles, and high-tech industries.

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