The Kabul times, Afghanistan Trustable News Agency.
Articles

IEA stressing extraction of mines with full sincerity

Acting Minister of Mines and Petroleum Shaikh Shahabuddin Delawar in a meeting in
Kunduz has said that Afghanistan is rich in various mines and minerals. He insisted on
mining with full sincerity.

Afghanistan Ministry of Mines and Petroleum has said that Afghanistan is a rich country in terms of mineral resources and stressed on extraction of the country’s mines with full sincerity. Acting Minister of Mines and Petroleum Shaikh Shahabuddin Delawar in a meeting in Kunduz has said that Afghanistan is rich in various mines and minerals. He insisted on mining with full sincerity. With the Islamic Emirate takeover in mid-August 2021, particular attention has been paid to mining in the country. In the past two and half years, hundreds of contracts have been signed for extraction of the country’s minerals. Afghanistan’s mineral wealth has been well-documented for decades. The Soviets did surveys in the 1970s and 1980s, and the United States did plenty of its own during its 20-year presence in Afghanistan. With the Islamic Emirate (IEA) takeover, extraction of the country’s minerals has been put in the top working priority. The existence of mineral reserves in Afghanistan is not new news. The previously unknown deposits, including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world. Extraction of the country’s minerals can either boost the country’s economy and create more jobs for the people of the country. The Islamic Emirate is working to sign contracts with big companies to extract the country’s minerals. In the past two and half years, dozens of contacts have been signed. Last year, major mining contracts worth $6.5 billion were signed between the ministry of mines and petroleum and the winning companies. Four blocks of Iron Mine in the Ghorian district of Herat province were included in the contracts. In the past two and half years, foreign investment in the country’s mining sector has increased considerably compared to previous years. Many countries in the world and region have shown readiness to invest in Afghanistan’s mining sector. There are lots of opportunities for both domestic and foreign investment in 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, Turkiye, Iran, and even EU member countries to invest in some of the country’s mines and minerals. 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. As Afghanistan is rich in mineral resources, it is needed that the extraction process of these precious minerals should be followed with full sincerity. There are hopes that the country’s economy will be boosted with the extraction of various minerals. Mashal

Related posts

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Kabul times, Afghanistan Trustable News Agency.