The Algerian companies ASMIDAL (a subsidiary of Sonatrach) and MANAL and the Chinese companies WUHUAN and TIAN’AN have signed an agreement for the creation, in partnership, of a joint stock company to initiate preliminary activities relating to the development of a phosphate mining project in Algeria.

The new company, called Algerian Chinese Fertilizers Company (ACFC), is 56% owned by the Algerian party and 44% by the Chinese party.

For more information, please see https://www.worldfertilizer.com/project-news/24032022/algerian-chinese-companies-create-phosphate-project-joint-venture/