On Wednesday, the governor of Sidi Bouzid in Tunisia, Mourad Mahjoubi, told the TAP agency that “the Meknassi phosphate mine would become operational starting from mid-November”. This announcement emerged from a meeting between representatives of ministry of industry and those of Gafsa, the phosphate firm in charge of operating the site.
Extraction at the mine which was closed in 1929 due to the global great economic crisis should have restarted since the first semester of 2015. However, as residents of the region complained about the insufficiency of indemnity provided for their lands, the extraction was delayed.
At the end of the meeting, the respective representatives fixed at 8.7 million Tunisian dinars, the total indemnity that these landowners are to receive.
It should be recalled that the Meknassi can be exploited over 20 years and should produce about 500,000 tons of phosphate average each year.
Stéphanie C. Tohon
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
President Évariste Ndayishimiye replaces three ministers in his third cabinet reshuffle since 2020. Changes affect health, infrastructure, and...
Both partners target to expand supply chain finance across eight African markets with the deal $1.9 billion deal flow is expected to occurred over...
EBRD provides a €35.5 million ($41.5 million) sovereign loan to SGDS to modernize waste management in Greater Nokoué. Project targets over...
Reforms target refinancing, cost cuts, governance improvements Plans include new regional subsidiary, potential private investment Senegal on...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....