“Sonarem” Algerian Company Reveals New Reserves Of Gold And Marble

Mr. Bellacine Soltani, CEO of the Algerian mining conglomerate “Sonarem,” revealed new data regarding the total gold reserves in the “Tirak” and “Ammasisa” mines in southern Algeria.

In a statement to the media yesterday Tuesday, Mr. Soltani confirmed that the “Tirak” and “Ammasisa” mines, located in Tamanrasset Province, hold more than 60 tons of pure gold.

As part of the optimal exploitation of these two mines, the  latter emphasized Algeria’s desire to open the door for both local and foreign investment and to use them scientifically.

In the same context, he mentioned that opening the doors to small investors and startup entrepreneurs has enabled Algeria to extract approximately 60,000 tons of ore from gold over the last three years, along with about 400 kg of pure gold.

Regarding marble mining activity, Mr. Soltani disclosed that Algeria has large reserves amounting to 140 million cubic meters of various types of marble.

He confirmed Algeria’s capability to exploit these mines and to halt imports, which cost the public treasury around $290 million over the past three years, between full and semi-finished marble.

On the same activity, Mr. Soltani revealed that the Sonarem conglomerate owns more than 15 marble and other stone quarries with an exploitable reserve value reaching 40 million cubic meters.

In cooperation with Algerian companies, he confirmed Algeria’s ability to produce about 10 million cubic meters of marble annually.