HE Nargis Nehan,Afghanistan's Minister of Mines and Petroleum/Supplied

Economy

Afghanistan opens mining industry for international investment, announces 43 new tenders

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The projects span a number of commodities and are situated in 16 of the country’s 34 provinces.

Monday 15, April 2019 BY KUDAKWASHE MUZORIWA

Afghanistan's Minister of Mines and Petroleum said that 43 new large and small-scale mining projects are available for private sector investment and development.

HE Nargis Nehan, the Minister of Mines and Petroleum, said, “For the first time ever, Afghanistan is opening opportunities for international investors to bid on ruby, emerald and lapis lazuli projects.”

After anticipated tendering, an estimated $100 million will likely be spent on initial assessments, exploration and evaluation work for these projects over the next 12 months with investments increasing significantly in following years as projects advance.

Tenders will cover a wide range of commodities including oil and gas, gemstones as well as copper, gold and marble.

 

TAGS : Afghanistan Ministry of Mines and Petroleum, gemstones, Copper , commodities , Gold

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