English | دری

25 firms to compete for gold, copper extraction

in Afghan Business

25 firms to compete for gold, copper extraction

Officials at the Ministry of Mines on Tuesday said 25 international companies would compete for the exploration and extraction of gold and copper from four reserves.

Mohammad Jawad Omar, a spokesman for the ministry, said the companies had been short-listed from among 41 international firms. They will compete for exploring Ghazni and Badakhshan gold mines, as well as Herat and Sar-i-Pul copper mines.

The companies from the United States, India, Canada, Britain, the United Arab Emirates, Turkey and Australia met the conditions set by a commission of ministers, he said.

Omar added the firms would visit the sites before offering investment plans at the end of the current month. The commission will study the proposals before the ministry signed contracts with the firms by the end of the year.

According to the spokesman, the Badakhshan gold site measures 1,000 square kilometres, the Ghazni 484 square kilometres, the Herat copper reserve 250 square kilometres and the Sar-i-Pul 457 square kilometres.



Related Articles

Afghan central bank to pump $850mn into the economy

Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), plans to pump USD85mn into the local economy in a bid to stabilize

Social Media a way to resolve Afghanistan's problems

At a gathering celebrating “Social Media Week”, officials of Nai Supporting Open Media emphasized on promoting social media in Afghanistan.

Kazakhstan willing to invest in various spheres in Afghanistan

Kazakhstan and Afghanistan signed an agreement where Astana pledged to cooperate with Kabul in various sectors including investment sectors. Foreign

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Your e-mail address will not be published.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*

Time limit is exhausted. Please reload the CAPTCHA.