English | دری

Mine revenue in Badakhshan down by 90% in past 2 years

in Afghan Business

Mine revenue in Badakhshan down by 90% in past 2 years

Revenue from mining industry in northeastern Badakhshan has plummeted by 90% in the past two years.

The provincial mines department collected 48mn AFN in revenue in 2014 and 7.5mn AFN in 2015. This year the figure has gone down to 540,000.

According to Pajhwok Afghan News (PAN), delayed process of mining contracts has caused the drastic decline in  revenue.

Mohammad Akbar Anwari, head of the department, said the Ministry of Mines and Petroleum had taken away the department’s authority to issue contracts. Individuals and companies had to be referred to the Ministry for contracts which takes months to process.

Badakhshan is endowed with various types of mines in several districts; such as, lapis lazulli, ruby, emerald, coal, gold and other mineral deposits.

The province also loses its mines revenue to insurgents who overrun various districts as security has declined sharply in recent years.

According to a report by Global Witness, mining in two areas of Badakhshan earned all armed groups USD 20mn in 2013, with only USD1mn going to the Taliban. In 2014, the figure rose to USD 4mn, with Global Witness claiming insurgents managed to grab half the proceeds in 2015.


Related Articles

Afghan government and USAID team up to enhance workplace skills of women

The United States Agency for International Development (USAID) and Afghanistan’s Ministry of Interior (MoI) initiatied a partnership through the signing

Afghan gov’t hikes customs duty on certain imports

The Ministry of Finance (MoF) plans to increase import duties on tissue paper and cardboard box imports in a bid

Iran’s non-oil exports stand at USD 30bn in 11 months

Iran exported 61.63 million tons of non-oil products worth USD 30bn during the last eleven months of the current Iranian

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*