TITLE

Algiers drops bid bond mining rule

PUB. DATE

July 2007

SOURCE

MEED: Middle East Economic Digest;7/13/2007, Vol. 51 Issue 28, p20

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article reports on the decision of Algiers to drop its requirement for bid bonds for mining concessions. The move was made after controversial awards in the minerals licensing rounds, according to a source. Because of a non-compliance with bond requirements, the company which submitted a strong bid was disqualified from the competition. Exploration concessions was given to CGC Overseas Construction and China Geo Engineering.

ACCESSION #

26366070

Tags: LETTING of contracts;  MINES & mineral resources;  CONCESSIONS;  PROSPECTING

 

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