Algeria’s minister of mines and mining industries, Mourad Hanifi, received Bangladesh’s minister of energy, mineral resources and electricity, Iqbal Hassan Mahmood, in Algiers for discussions on mining investment and partnerships, Algérie 54 reported on 20 October 2026. The outlet cites a ministry statement and describes the meeting as taking place on Tuesday. Secretary of state for mines Karima Bakir also attended. The account identifies iron ore as one area of interest and says the discussions also highlighted phosphates and phosphate fertilisers. Hanifi presented Algeria’s new mining law and described its objectives as simplifying administrative procedures, providing legal security for investors and offering fiscal incentives. These are the minister’s descriptions of the framework; the article does not set out the law’s provisions or establish the terms available to a particular investor. The participants also discussed Bangladesh’s first magnetite iron deposit and possible technical cooperation with Algeria’s major mining projects. According to the ministry account reproduced by the outlet, Mahmood expressed interest in Algeria’s mineral potential in light of Bangladesh’s industrial growth and needs for mineral raw materials. Algeria framed mining development as a means of diversifying revenue and creating local value through industrial processing. No investment amount, named project company, binding supply agreement or implementation timetable is announced. The ministry statement itself has not been independently captured here, so the meeting details and policy descriptions remain attributed to Algérie 54’s report. Nexus analysis — The talks identify potential links between upstream resources and downstream industrial demand, but they are an early partnership signal. Commercial significance would require identified counterparties, defined projects and contractual or financing evidence. The report should not be read as confirmation of new mine development or secured mineral exports.
- Algérie 54
Algeria and Bangladesh discuss iron ore, phosphates and mining partnerships
Last verified 22 Oct 2026Verified
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