Business
A company will invest $27.5 million in ruby mining on the outskirts of Kabul
(Last Updated On: February 23, 2024)
The Ministry of Mines and Petroleum on Friday announced that Ariana Highland Company will invest $27.5 million in the extraction of Jegdalek ruby mine on the outskirts of Kabul.
In a statement, the ministry said that the bidding ceremony for the mine was held again with the participation of Ariana Highland and Mirza Sultani companies, adding that the former won it by accepting 44 percent share for the Islamic Emirate.
Based on the statement, Ariana Highland Company will spend $5 million in the social services.
Jegdalek ruby deposit is located 100 km from Kabul city, in the southwest of Surobi district, and it covers 6.9 square kilometers.