The Kabul times, Afghanistan Trustable News Agency.
EconomicNational

Gochin company to invest $10 bln to extract Afghanistan’s lithium

KABUL: The Minister of Mines and Petroleum of the Islamic Emirate Shahabuddin Delawar has met with representative of Gochin Company, which is interested in the extraction of lithium mine in the country, a statement from the ministry said Saturday. In the meeting, representative of the company expressed his interest in investing 10 billion U.S. dollars in the extraction of Afghanistan’s lithium mines, the statement said. “The representative of the company believes that the investment would provide employment opportunities for over 120,000 people directly and one million people indirectly in the country,” the statement quoted. Meanwhile, Acting Minister of Mines and petroleum Delawar has welcomed the Gochin’s interest in investing in Afghanistan’s lithium mines and highlighted the scarcity of lithium mines worldwide, the statement added. “The country’s development depends on the extraction of mines and decision has been made to contract all mines in accordance with the mining law,” the statement quoted Delawar as saying. Also, the representative of the company assured that after contract on Afghanistan lithium mines the company will repair Salang Tunnel within seven months as well as electricity power supply dam for processing of the lithium will be built inside Afghanistan, the statement further added. The Kabul Times

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The Kabul times, Afghanistan Trustable News Agency.