The Taliban signed contracts for the development of Afghan deposits worth $6.5 billion
The Ministry of Mining and Oil Industry of Afghanistan signed agreements on the development of seven fields for a total amount of more than $6.5 billion.
Acting Minister of Petroleum and Mines Shahabuddeen Delaware, speaking to the press, said there was full transparency in mining contracts and that illegal mining and smuggling had been prevented, TOLOnews reported.
China-Afghanistan Company and Zarawar Afghanistan Private Company, which will invest $310 million in the project, will receive the gold mine in Takhar province.
The private company Turia, which will invest $411 million in the project, will develop the Mes Aynak mine in Logar province.
Afghan Invest and Turkey's Epcol have been awarded a lead mining contract in the Tulak region of Ghor province. These companies are expected to invest $537 million in the mine.
The Ghoryan iron mine site in Herat province has been handed over to Watan Darakhshan, which plans to invest $2.8 billion.
Saheel Middle East Mining & Logistics Company, in cooperation with the Afghan Dara-e-Noor and the Turkish Epcol, received a contract to develop the second Ghoryan site. Investments will amount to $874 million.
The third section of the iron mine was given to the Afghan company Shams and the British GBM and AD Resources, which will invest $572 million in the project.
Bakhtar Steel Company and its Iranian partners Ahya Sepahan and Persian received the contract to develop the fourth section of Ghoryan. They intend to invest $1.17 billion in the project.
The total value of minerals in Afghanistan is estimated at $1 trillion.
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