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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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President Karzai urges Turkey to enhance economic ties

During a meeting with Turkish Energy Minister Yildiz in Kabul, President Hamid Karzai urged him to expand economic ties with Afghanistan by bringing in Turkish investors into the fuel and gas resources of Afghanistan. Also present at the meeting, Mines

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Logar chromites being smuggled abroad

PAN-Chromites mines are being dug up unprofessionally by people in central Logar province, Minister of Mines Wahidullah Shahrani said on Monday. Addressing the inaugural ceremony for the mines department’s new building in Pul-i-Alam, the minister said the chromites were smuggled

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New bill designed to encourage investment in Afghanistan

Afghan Ministry of Finance has drafted a bill incorporating financial incentives aimed at increasing investment in Afghanistan in the next two years. Investors are concerned about the security situation and the country’s future post 2014. Experts believe that concerns over

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Could mineral wealth transform Afghan economy?

BBC News-Three international energy firms have been shortlisted to develop lucrative oil deposits in northern Afghanistan. It is hoped such deals could reduce dependency on foreign aid. BBC reporters visited three key industrial projects to see whether the hopes are

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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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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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Lack of strategic plans- a major challenge facing economic development of Afghanistan

A number of well-known officials and university professors met at the Ibn-e-Sina auditorium to discuss the environmental and economic challenges of the country. Azrakhsh Hafizi, International Affairs Advisor to Chamber of Commerce and Industries, regarded the issue of the withdrawal

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Proposed budget presented to the House of Representatives

After the Senate’s approval of the budget, Finance Minister Omar Zakhilwal presented the draft budget for the next fiscal year, beginning on 21 December, to Wolesi Jirga or the House of the Representatives. Minister Zakhilwal explained that 70% of the

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Aynak Ore Creates Dilemma for Treasure

Flanked by waves of mountains and gray desert, the road leading from the Afghan capital to the ancient ruins of Mes Aynak ends abruptly at the foot of a dusty hilltop. From that vantage point, 40 kilometers from Kabul, one

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UN chief says discovery of vast mineral deposits in Afghanistan should be managed properly

(UNAMA)-Drawing attention to Afghanistan’s vast mineral resources, United Nations Secretary-General Ban Ki-moon said in a recent statement that the mineral deposits discovered in the country should be managed properly and it shouldn’t spark civil strife as feared by some. He

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Karzai attracting Indian investments to Afghanistan

President Hamid Karzai, currently visiting India, told a gathering in the capital city of Mumbai that his country is ready for Indian investments in mining and other sectors and that India should not hesitate about coming for investment to Afghanistan,

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Kazakhstan ready to build oil refinery in Herat

Local officials from Herat have announced that the government of Kazakhstan is ready to build oil refineries in the Terpul region of the district of Kohsan in Herat. Herat’s Governor Dr. Daud Shah Saba said that several countries have expressed

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Canadians launch a survey of gas reserves in Herat

Canadian experts along with their Afghan counterparts have launched a survey to identify the extent of fuel reserves in northern parts of western Herat province. The reserves were discovered in Kashk-e-Kohna, Rabat Sangi and Gulran district, bordering Turkmenistan and Iran.

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No major financial crisis in Afghanistan post 2014- Minister Zakhilwal

Speaking at the House of Representatives on Tuesday, Finance Minister Hazrat Omar Zakhilwal assured the legislators that Afghanistan will not face a major financial crisis after 2014, when many of the foreign troops withdraw from the country. There have been

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Oil extraction begins in Amu River in northern Afghanistan

The China National Petroleum Corporation begins extracting oil from the Amur River basin in northern Afghanistan. The firm won the 25-year contract for oil extraction last year, covering drilling and a planned refinery in the northern provinces of Faryab and

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Gas Reserves Discovered in Faryab Province of Afghanistan

Major natural gas reserves have been discovered in the Andkhoi district of northern Faryab province as a result of a 75-day survey carried out by the government at a cost of USD 7mn. The survey was conducted by a Canadian

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Afghanistan’s future is not that bleak

Let’s go back a decade and remind ourselves of what Afghanistan was like then. It was the regime of Taliban- a period when human rights had no existence, darkness had replaced education, misery had taken over hope and extremism had

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Rare natural resources discovered in 24 regions of Afghanistan

The U.S. Geological Survey (USGS) has completed 70% of survey for the purpose of detecting and obtaining information on Afghanistan’s natural resources. According to an official from USGS, Afghanistan is the only country where survey on minerals is carried out

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Ministry of Mines Bans Illegal Extraction Of Mines in Bamyan

A source of Ministry of Mines declared that eighty three coal mines in Bamyan where illegal and non-technical extraction was taking place were closed in a special operation.  Deputy Minister of Mines Nasir Ahmad Durrani headed a team of delegation

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UNESCO calls for the preservation of the historic sites in Logar

UNESCO expressed its deep concern with regard to the destruction of historic sites in Afghanistan. UNISCO officials declared that the historic sites discovered in Mis Ainak of Logar have been destroyed and continue to be destroyed, as the extraction of

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Amu River, Afghan Tajik Oil is Sufficient, Mines Minister Says

Oil from Amu River and Afghan Tajik oil zones will not only be sufficient for Afghanistan, but also could export oil to other countries, Afghan Mines Minister Wahidullah Shahrani said today. The oil extraction bidding process will be started in

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Neighbours trying to impede mining projects: Shahrani

by Abdul Qadir Siddiqui Minister of Mines Wahidullah Shahrani on Tuesday alleged some neighbouring countries were threatening mega mine projects in order to impede Afghanistan’s economic revival. “History shows that the enemies of Afghanistan have always tried to block fruitful

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