Southern Algeria is drawing increasing attention following recent announcements by the state-owned mining company Sonarem regarding the discovery of substantial marble and gold reserves in the region. Of particular significance are the marble deposits, which are emerging as a key factor in reducing imports and strengthening domestic production. These developments are accompanied by legal reforms aimed at attracting foreign investment.
Marble Deposits and Import Substitution
According to Sonarem CEO Belkacem Soltani, Algeria holds an estimated 140 million cubic meters of marble, with 40 million cubic meters classified as immediately exploitable. Currently, more than 15 active quarries are operating across the country to tap into this potential.
The expansion of domestic marble extraction is expected to significantly reduce reliance on imports. Over the past three years, Algeria has spent nearly $290 million on importing raw and semi-finished marble. Boosting local production not only meets internal demand but also positions Algeria to compete in the international marble market.
Gold Production in Tamanrasset
In parallel, notable progress has been reported in the gold sector. The Tirak and Amesmessa mines in the Tamanrasset province are estimated to contain over 60 tons of pure gold. Soltani noted that over the last three years, approximately 60,000 tons of gold ore have been extracted, yielding around 400 kilograms of refined gold.
Sonarem aims to continue developing the sector through scientific and technical methodologies, with the objective of increasing extraction efficiency and long-term sustainability.
Regulatory Reform and Foreign Investment
These resource discoveries coincide with Algeria’s broader efforts to modernize its mining regulatory framework. A key step in this direction is the proposed removal of the 49/51 ownership rule, which previously required Algerian stakeholders to hold the majority share in any partnership with foreign investors.
If enacted, this policy shift is expected to create a more favorable investment climate, allowing international companies greater flexibility to participate in Algeria’s mining projects, particularly in marble and gold.
Outlook
The development of marble reserves, combined with ongoing regulatory reform, presents new opportunities for Algeria’s mining industry. Should these changes be implemented with transparency and consistency, the sector may contribute significantly to economic diversification and strengthen the country’s role in global mineral markets.
