Project to Boost Zinc and Lead Production
SYDNEY — Terramin Australia has unveiled updates to its Tala Hamza Zinc Project in Algeria, forecasting significant economic returns. The project, located near Bejaia, is set to produce 2.0 million tonnes of ore annually, according to Terramin’s latest mining study.
The updated study reveals a 20-year mine life with an average annual production of 178,000 tonnes of zinc concentrate and 33,000 tonnes of lead concentrate. The company expects a pre-tax nominal NPV of AUD 1.13 billion and an IRR of 24%.
Project Details and Economic Impact
Terramin’s Executive Chair, Bruce Sheng, stated, “The updated Mining Study confirms the strong economics of a significantly expanded Tala Hamza Zinc Project.” Economic incentives have been secured through the Algerian Investment Promotion Agency, including tax exemptions and infrastructure support.
Early works have commenced with land acquisition finalised and residents relocated. A significant debt funding package from an Algerian government bank is nearing completion. Terramin emphasised the project’s proximity to key infrastructure such as a deep-water port and reliable power sources.
This announcement aligns with a broader industry trend of expanding resource projects to meet increasing global demand for zinc and lead, essential for various industrial applications. The project is expected to create numerous job opportunities, both directly and indirectly, contributing to local economic growth. the environmental considerations are being addressed with a focus on sustainable mining practices to minimise ecological impact. Community engagement is a priority, with Terramin working closely with local stakeholders to ensure that the project benefits are widely shared.
The Tala Hamza Zinc Project also positions Algeria as a key player in the global mining sector, attracting further foreign investment and expertise. As global markets continue to recover, the demand for minerals like zinc and lead is anticipated to rise, making this project a timely venture for Terramin Australia.
Last updated: 1 April 2026, 10:24 am
