Business
Australian Fortescue interested to invest in Afghanistan mining sector
An Australian iron ore company, Fortescue Metals Group Ltd., has held talks with President Ashraf Ghani on potential mining sector opportunities in Afghanistan, the Bloomberg reported.
According to the report, the company which is the fourth-biggest iron ore exporter in the world has struggled to accelerate the development of an estimated $1 trillion worth of mineral deposits.
President Ghani and the company’s chairman Andrew Forrest held an Aug. 6 video conference over a potential investment in iron ore and copper resources, and the billionaire miner is scheduled to visit Kabul in October for further talks, said Qadeer Khan Mutfi, a spokesman for Afghanistan’s Ministry of Mines and Petroleum quoted by Bloomberg.
The fourth-biggest iron ore exporter, “showed interest in our mining sector, saying Afghanistan is rich in having natural resources,” Mutfi said. “Companies like this definitely have financial abilities and the capacity to develop the country’s mining sector.”
“Fortescue has an active business development program,” the Perth-based company said in a statement, adding that its founder Forrest regularly engages with global leaders. The firm declined to comment on “speculation regarding specific assets or opportunities.”
According to reports, Afghanistan is rich in various types of valuable minerals such as copper, gold, talc, lithium, marble, uranium, and others, and the country’s vast mineral wealth is estimated to exceed one trillion dollars.
Poor security, corruption, exploitation of minerals by warlords, and the lack of a proper legal framework have prevented any development in the country’s mining sector.
Business
Ariana Afghan Airlines lowers cargo rates on Kabul–Delhi route to boost exports
Business
Afghanistan, Uzbekistan sign 13 trade MoUs worth over $100 million
Thirteen trade and investment memorandums of understanding (MoUs) worth more than $100 million were signed between private sector representatives of Afghanistan and Uzbekistan during a conference held in Kabul on Saturday.
The conference, which brought together business leaders and officials from both countries, focused on expanding bilateral economic cooperation, increasing trade volume, and identifying new investment opportunities.
Speaking at the event, Nooruddin Azizi, Minister of Industry and Commerce of Afghanistan, said economic relations between Afghanistan and Uzbekistan have gained notable momentum in recent months. He stressed that Afghanistan is actively working to strengthen regional trade ties and create a more favorable environment for investors.
Azizi added that Afghanistan offers significant investment potential, particularly due to its available workforce and emerging opportunities across multiple sectors, and is ready to welcome joint ventures with foreign partners.
Officials from the Ministry of Industry and Commerce of Afghanistan said the government has facilitated around $2 billion in investment across various sectors over the past year, reflecting growing investor interest in the country’s economy.
The Uzbek delegation also reiterated its commitment to expanding economic relations with Afghanistan, describing the agreements as an important step toward deeper regional cooperation.
Amanbay Orynbayev, head of Uzbekistan’s Karakalpakstan delegation, said his country places strong emphasis on long-term, transparent, and reliable economic partnerships. He encouraged Afghan traders to take advantage of joint investment opportunities to access new regional markets.
The Afghan private sector welcomed the agreements, expressing hope that increased trade engagement and business exchanges will further strengthen economic ties between the two neighboring countries.
Officials noted that the total value of agreements signed between Afghanistan and Uzbekistan has now exceeded $1.5 billion. If implemented effectively, these commitments are expected to contribute to increased trade flows and broader economic growth in Afghanistan.
Business
New Afghanistan-China transport corridor launched via Turkmenistan
A new multimodal freight corridor linking China and Afghanistan via Turkmenistan has been officially launched, aiming to improve the speed and efficiency of overland cargo transportation across Central Asia.
According to the Turkmenistan Embassy in London, the country has become part of a newly established route designed to accelerate freight deliveries between China and Afghanistan.
The corridor, developed with the involvement of Uzbekistan Railways’ subsidiary Uztemiryulcontainer, covers approximately 7,400 kilometers and is expected to reduce transit time to around 30 days, improving overall logistics efficiency.
Under the new route, containers are transported by rail from China through the Altynkol station in Kazakhstan, continuing via Uzbekistan to a logistics hub in Bukhara. From there, cargo is transferred to road transport and moved across Turkmenistan before reaching Herat in Afghanistan.
Officials say the new system integrates rail and road networks into a unified logistics chain, making transport more predictable and efficient.
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