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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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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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India's iron deal with Afghanistan suspended

The USD 10.8 billion worth of iron ore deal between Afghan government and a consortium of Indian companies led by Steal Authority of India and Afghanistan (SAIL) has been suspended, according to reports. Speaking on the condition of anonymity, a

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India’s iron deal with Afghanistan suspended

The USD 10.8 billion worth of iron ore deal between Afghan government and a consortium of Indian companies led by Steal Authority of India and Afghanistan (SAIL) has been suspended, according to reports. Speaking on the condition of anonymity, a

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World Bank grants USD 50mn for economic growth and fiscal sustainability in Afghanistan

A USD 50 million grant, to finance to the Government of Afghanistan’s efforts for promoting economic growth and fiscal sustainability, was signed today between the Ministry of Finance and the World Bank. The grant is being provided by the International

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A possible economic downturn to follow after 2014

Afghan Commerce and Industries Minister Anwar-ul-Haq Ahadi warned that the economic development of Afghanistan would be hit hard after 2014, when the foreign forces are scheduled to withdraw from Afghanistan. This comment comes in contradiction to assurances offered by his

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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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India to establish institute of mines in Afghanistan

India’s Prime Minister Manmohan Singh had pledged to establish mining institute in Afghanistan. A contract to that effect was signed between Manmohan Singh and Afghan President Hamid Karzai on Sunday in Kabul. Prime Minister Manmohan Singh was accompanied by India’s

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Afghanistan offers best investment opportunities to Qatari businessmen- President Hamid Karzai

President Hamid Karzai met Qatari investors and encouraged them to invest in Afghanistan as it works to secure stability before NATO-led combat forces withdraw next year. “The future of Afghanistan is guaranteed because our relations have expanded with America and

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Two provinces deny illegal mining accusations

In a recent inspection by the Ministry of Mines, powerbrokers were claimed to be behind illegal mining that is being carried out all over Afghanistan. Provinces accused of illegal excavation included Kabul, Kapisa, Parwan, Panjshir, Kunduz, Badakhshan, Ghazni, Bamiyan, Kandahar,

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Powerbrokers behind illegal mining in Afghanistan

Office of the Administrative Affairs claimed that local companies and officials in position of power are the main people triggering illegal excavation of mines around Afghanistan. According to the Monitoring and Evaluation Authority Head Sayed Ihasanuddin Taheri, 12 companies alone

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Afghan official rejects WSJ report on China-run project

Xinhua — An Afghan government official has described a report of U.S. influential newspaper the Wall Street Journal on sacking coal miners in Bamiyan province and joining them to anti-government militants as biased and utterly rejected. “The report about sacking

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An Afghan Mystery: Why Are Large Shipments of Gold Leaving the Country?

By MATTHEW ROSENBERG- The New York Times KABUL, Afghanistan — Packed into hand luggage and tucked into jacket pockets, roughly hewed bars of gold are being flown out of Kabul with increasing regularity, confounding Afghan and American officials who fear

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Delays at Chinese-Run Afghan Mines Raise Security Fears

Source: Wall Street Journal By Maria Abi-Habib, Yaroslav Trofimov and Ziaulhaq Sultani BAMIYAN, Afghanistan—Foreign investment in Afghanistan’s mining sector was meant to bring peace and prosperity. But here in Bamiyan province, it has so far put locals out of jobs

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