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Afghanistan and India to sign coal exploration pact

in Afghan Business

Afghanistan and India to sign coal exploration pact

According to Indian government officials, a high level Indian delegation is due to visit Kabul to ink a pact with the Afghan mines ministry in a bid to further consolidate India’s growing economic interests in Afghanistan.

This comes as the Afghan mines minister Wahidullah Shahrani earlier urged India to to employ their expertise to help his country develop the untapped coal basins.

According to The Indian Express, the delegation would comprise Coal India Limited chairman S Narsing Rao and his counterpart from Sinagreni Collieries Company Limited Sutirtha Bhattacharya.

A senior coal ministry official quoted by The Indian Express said, “Following the high-level meetings, both the sides would ink a Memorandum of Understanding (MoU) aimed at propelling investments in the Afghanistan’s mineral sector, especially coal.”

Seeking to promote Indian investments, the Hamid Karzai government has already signed a strategic agreement to further cooperation in areas of minerals and hydrocarbons. Shahrani’s ministry has also inked MoUs with Indian ministries of commerce, mines, petroleum and steel.

President Hamid Karzai’s government offered India a new strategic role in Afghanistan by awarding mining rights for the country’s biggest iron deposit to a group of Indian state-run and private companies.

Karzai and his cabinet awarded three of four blocks at the Hajigak ore deposit to seven companies that bid with support from India’s government, and offered the final block to Canada’s Kilo Goldmines Ltd.

Source: khaama.com


Tags assigned to this article:
AFghan coalAfghan-India coal mining agreement

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