Tag "Afghanistan natural resources"
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Australian Billionaire Keen To Invest in Afghanistan’s Mining Sector
An Australian billionaire is willing to invest in Afghanistan’s one trillion dollar worth mining sector. “An Australian billionaire is interested to invest in Afghanistan’s natural resources, which are estimated to be worth over one trillion dollars,” said an Australian governmental
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Iran interested in investing in Herat mining project
Iran wants to invest in Sangan iron ore mine of Herat province, located in bordering areas between Afghanistan and Iran. The neighboring country has ended the mineral resource from Sangan iron ore on its soil and is willing to invest
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Afghan-German Cooperation holds training for 15 provincial mines inspectors
The Afghan-German Cooperation’s program held a three-week mining training for 15 Afghan mines inspectors from different provinces as part of their work on promoting good governance in the Afghan extractive sector. ‘The training was essential for our task to conduct
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Afghanistan Mining Potential, Challenges and The Way Forward
By: Mohammad Ismail Amin Afghanistan strategic location is not only of an immense importance but also the tremendous natural resources the country possesses. According to AISA research, there are various types of valuable minerals in Afghanistan that are yet to
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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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