[Ferro-Alloys.com] A consortium of three Chinese companies signed a memorandum of understanding with Algerian National Iron and Steel Company on exploiting iron ore Tuesday in Algiers.

The Chinese consortium, composed of Metallurgacal Corporation of China, China International Water and Electric Corporation and Hunan Heyday Solar Corporation, will carry out a feasibility study on the exploitation of Gara Djebilet iron ore in western Algeria.

Algerian Minister of Energy and Mines Mohamed Arkab welcomed the cooperation between Algerian and Chinese enterprises at the signing ceremony on Tuesday.

He recognized the comprehensive solution proposed by the Chinese consortium and hoped that both sides would promote the progress of the project.

"China's future is one of increasing opportunities and prosperity, and one of the most important contributions that BHP can make to China is ensuring that the commodities we produce are supplied to our customers as reliably and as efficiently as possible," said Mike Henry, CEO of BHP Group Ltd, during an interview on Tuesday.

Click here for more information: Ferrosilicon Daily Express 4.12

• [Editor:kangmingfei]