The Kabul times, Afghanistan Trustable News Agency.
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Afghanistan’s mining sector draws various countries’ attention

Afghanistan is rich in resources such as copper, gold, oil, natural gas, uranium, bauxite, coal, iron ore, rare earths, lithium, chromium, lead, zinc, gemstones, talc, sulfur, travertine, gypsum, marble and hundreds of others.

With the Islamic Emirate take over, the security situation has improved across the country. Afghanistan is now calm and there are hopes that the country’s mineral resources will soon drive the country towards development which can help it become one of the richest countries in the area within a decade. Afghanistan is rich in resources such as copper, gold, oil, natural gas, uranium, bauxite, coal, iron ore, rare earths, lithium, chromium, lead, zinc, gemstones, talc, sulfur, travertine, gypsum, marble and hundreds of others. In 2010, geologists revealed that Afghanistan, which lies at the crossroads of Central and South Asia, was sitting on mineral deposits worth over $1 trillion. A follow-up report by the previous government in 2017 estimated that the country’s new mineral wealth may be as high as $3 trillion, including fossil fuels. It is worth noting that Afghanistan is considered as one of the richest countries in the region in traditional precious metals, needed for the emerging economy of the 21st century. In the past two and a half years, foreign investment in the country’s mining sector has increased considerably comparing to previous years. Many countries in the world and region have shown readiness to invest in Afghanistan’s mining sector. Today, various countries have shown readiness to invest in the extraction of the country’s minerals. There are lots of opportunities for both domestic and foreign investment on the country’s mining sector. Afghanistan’s increasing mineral resources and current security situation have attracted attention from various countries in the region, including China, a country which is already in a position in Afghanistan to mine some of the country’s minerals. The Ministry of Mines and Petroleum of Afghanistan announced just the other day that some more Chinese traders showed interest in the Afghan marble mining sector. The ministry in a statement said that Chinese traders were interested in investing in the country’s mines, especially marble mines. According to the statement, several Chinese investors made this request during a meeting with Shahabuddin Delawar, the acting minister of Mines and Petroleum. The Ministry added that Chinese investors expressed their satisfaction with the favorable investment climate in Afghanistan during this meeting, showing a particular interest in investing in the country’s mines, especially marble mines. Chinese investors have previously invested in the Afghan mining sector, particularly in the oil extraction sector in the north of Afghanistan. Not only China but also Turkiye, Germany, France and some other EU member countries have shown interest in investing in Afghanistan’s mining sector. In the subsequent decade, most of Afghanistan’s resources remained untouched due to wars and violence in the country. Meanwhile, the value of many of those minerals has skyrocketed. Today, it is a very good opportunity for foreign investment in the country as the security situation has improved across the country. Besides, lots of facilities have been provided for foreign investment in the country. Mashal

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The Kabul times, Afghanistan Trustable News Agency.