New mining law a bridge to finalize the iron ore project in Afghanistan
Led by the state-owned Steel Authority of India Ltd (SAIL), the Afghan Iron and Steel Consortium (AIFSCO) won the tender for mining 3 iron mines at Hajigak last year with an initial investment plan of USD 10.8bn for a mega steel plant and a captive power unit.
Upon the establishment of the mining law, which is yet to be signed by President Hamid Karzai, the consortium has filed a little over USD 1bn. The scaling down of the investment plan was a result of the shaky security situation in the concerned mining sits.
The final negotiation of the project between the Afghan Government and AFISCO is going to take place after the stalemate over President Karzai’s successor is resolved.
The Hajigak deposit contains an estimated 1.8 billion tons of ore, with an iron concentration of 62%, according to the ministry, basing its figures on a survey carried out in the 1960s.
Afghanistan Ministry of Urban Development and Housing announced Sunday that the third phase of the Khwaf-Herat railway would be completed
ORISKANY, N.Y. (Agencies): A local company is penciling kids in Afghanistan into their priority list this year, sending them hundreds
Sunday, President Karzai and his Pakistan counterpart, Asif Ali Zardari, agreed to extend the two nations’ transit trade agreement to