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Afghanistan mining revenue reaches 6bn AFN

The Afghan Ministry of Mines and Petroleum (MoMP) has recorded over 6 billion Afghanis in revenue this year, showing a considerable increase over 2016. According to MoMP spokesperson Abdul Qadir Motafi, in 2016 the total revenue had reached 4.7 billion

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IWA slams Afghan government for failing to safeguard natural resources

The Integrity Watch Afghanistan (IWA) has once again flagged corruption as the biggest problem in Afghanistan’s mining sector. In their report the IWA members have highlighted some massive loopholes and inconsistencies in the figures provided by the government to Afghanistan’s

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Afghanistan hosts 2-day international summit on energy in Dubai

Afghanistan is hosting a 2-day international summit in Dubai city with an aim to attract investors in the energy sector of Afghanistan. Organized by the US Embassy in Kabul and the United States Agency for International Development (USAID) and the

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Afghan government signs 86 mining contracts with private companies

The Afghan Ministry of Mines and Petroleum has signed 86 mining contracts with different private sector companies during the past four months. Addressing a press conference on Tuesday in Kabul, Ministry spokesperson Mohaiuddin Noori said 86 contracts for small and

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Government suspends bidding on magnetite and marble stone mines in Kandahar

Kandahar Governor Dr. Humayun Azizi announced on Tuesday that the bidding process and contract signing for two precious stone mines have been suspended due to insecurity in the area. Addressing a weekly meeting with the government officials and Provincial Council

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Afghanistan addresses natural resource governance challenges at EITI’s Global Conference

A delegation from the Afghan Extractive Industries Transparency Initiative (AEITI) attended the EITI Global Conference in Lima, Peru on February 24th-25th. The forum convened international key stakeholders to discuss and share their experience in developing and promoting transparent payments from

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$43mn of US taxpayers gone towards a single gas station in Afghanistan

A shocking report from military watchdog Special Inspector General for Afghanistan Reconstruction (SIGAR) shows that the Department of Defense (DOD) has spent almost USD 43mn on a single compressed natural gas filling station in Sheberghan, Afghanistan. SIGAR reported to Congress

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Only 4% of Afghanistan’s natural gas and oil territory being exploited

Contracts for only 10,316 kilometers of Afghanistan’s natural gas and oil reserves have been signed off, said Deputy Minister of Mines and Petroleum, Jawed Sadat. Addressing the first Inter-Ministerial Commission for Energy meeting in Kabul on Wedsneday, Sadat said Afghanistan

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Afghan Mineral Deposits Expected to Provide Jobs, Produce Revenue

Afghanistan is on the cusp of strong economic growth due to a number of factors. A growing middle class has been supported through increasing industrialization and improved stability in the political and monetary systems. The young and energetic population has

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President Ghani calls for transparency in the mining industry

President Ashraf Ghani visited the Afghan Ministry of Mines and Petroleum (MoMP)on Sunday and called on the officials to enhance capacity and transparency in the mining industry. “The Ministry must not be the creator of common works, but it must

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Coal extraction stops in Dara-i-Sauf due to safety issues

Engineers have advised to halt extraction of coal in the Dara-i-Suf district of northern Samangan province after a survey found the tunnels could collapse anytime. The extraction has been halted in 50 tunnels after engineers found miners in danger due

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Afghanistan’s mineral sector can generate USD 1bn a year by 2020

By Cheryl Pellerin American Forces Press Service A high-tech mineral-mapping effort nearly complete in Afghanistan and the first of its kind in the world already generates $146 million in yearly revenue, and Afghanistan’s minister of mines and petroleum hopes to

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Afghanistan's mineral sector can generate USD 1bn a year by 2020

By Cheryl Pellerin American Forces Press Service A high-tech mineral-mapping effort nearly complete in Afghanistan and the first of its kind in the world already generates $146 million in yearly revenue, and Afghanistan’s minister of mines and petroleum hopes to

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Stalemate facing the new mines law angers Afghan officials

A number of officials have expressed anger at the impasse in new mining laws that are still pending at the Lower House for approval. The draft laws were submitted to the Lower House for ratification over eight months ago. Economic

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1.8 billion income generated from coalmines in 2013

A total of 1.214 million tons of coal was extracted from Dara-e-Suf, Roee Duab and Tala Barfak mines in Samangan and Baghlan provinces in 2013. Standing at 1.8 billion AFN, the revenue from coalmines witnessed a 20% hike in 2013.

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Afghan civil society activists call for curbing illegal mining

A number of civil society activists urged the government to take stern actions against illegal mining activities that are carried out in various provinces of Afghanistan. “Illegal mines must be shut,” Tolo news quotes a civil society activist, Mohammad Tawab

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MCC spurns reports about Aynak project heading for failure

Officials of the Metallurgical Group Corporation (MCC) have rejected reports about the Mes Aynak project headed for failure and assured that the company would never abandon the project. The project was running at a tepid pace due to poor security

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Exit America, Enter China: The Promise of Chinese Development

As U.S. troops withdraw from Afghanistan in 2014, China is poised to act as a stabilizing force in the region, reaping the benefits of American military efforts. Though the Chinese are not significantly or directly contributing to Afghan security by

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Nangarhar mines revenue generation to hit 300mn AFN this year

Mines department officials in reported that the department has collected up to 260mn in revenue in the past 11 months from the mining sector in eastern Nangarhar province. Head of the department, Shakurullah Tolo, told Pajhwok Afghan News (PAN), the

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A shaky foundation? Analysing Afghanistan’s draft mining law

Afghanistan is endowed with minerals that could be worth a trillion dollars. Both the Afghan government and their international partners understandably hope these resources will fuel development and reduce dependence on foreign aid, and are working to encourage the growth

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China pledges to provide USD 32mn to Afghanistan for 2013

Chinese government pledged to extend USD 32.5 million in foreign aid grants to Afghanistan for economic development. This comes after Chinese President Xi Jinping on Friday held talks with his Afghan counterpart Hamid Karzai and reassured that China would continue

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Foreign investors awaiting the approval of Afghanistan’s new mining law

Afghanistan’s new mining law has been approved by Council of Minister and sent to the Justice Ministry for consultation and approval. The Afghanistan Investment Support Agency (AISA) believes the new mining law will woo investors who are interested in tapping

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Australia to assist Afghanistan in developing the mining sector

Afghan Mines Minister Waheedullah Shahrani had led a delegation to Sydney, Australia to attend a mining development conference there next week. The Minister is expecting to hold a series of meeting with Australian officials on the sidelines of the conference

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Two major gas projects to be established in Sheberghan

Work on the implementation of two major gas projects worth USD 57mn has begun in Sheberghan, capital city of Jawzjan. The projects include extension of a 94km new gas pipeline between Sheberghan and Mazar-e-Sharif along with the installation of a

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Reserves of coal and salt discovered in central Afghanistan

A reserve of coal and salt has been discovered in the Sartangi village of Shahrak District in Ghor province, said a number of residents in the area. The residents said extraction in the site is taking place in an illegal

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