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
Afghanistan, Belarus discuss expanding industrial and trade cooperation
Particular attention was given to companies producing tractors, industrial machinery, and equipment and vehicles used in the mining sector.
Afghanistan’s Minister of Industry and Commerce, Nooruddin Azizi, met with Belarus’ Minister of Industry during an official visit to the country.
The two sides discussed the establishment of manufacturing plants in Afghanistan, the regular organization of the Afghanistan-Belarus Business Forum, and follow-up on issues raised through the countries’ economic commission.
Belarusian officials expressed appreciation for Afghanistan’s participation in the country’s international industrial exhibition and voiced interest in expanding the presence of Belarusian manufacturing companies in Afghanistan.
Particular attention was given to companies producing tractors, industrial machinery, and equipment and vehicles used in the mining sector.
The second International Industrial Exhibition of Belarus is being held with the participation of around 500 companies from different countries. The exhibition has also attracted visitors from European and Asian countries.
Business
Afghanistan, Tajikistan seek stronger trade and investment ties
The two sides discussed increasing trade exchanges, establishing direct links between traders and investors, and organizing joint economic programs.
The heads of the chambers of commerce and industry of Afghanistan and Tajikistan have agreed to strengthen bilateral trade, promote investment and expand cooperation between the private sectors of the two countries.
Sayed Karim Hashemi, head of the Afghanistan Chamber of Commerce and Investment (ACCI), held an online meeting with Farhad Shah Rahman Alizoda, head of the Chamber of Commerce and Industry of Tajikistan, to discuss ways to expand economic ties.
The two sides discussed increasing trade exchanges, establishing direct links between traders and investors, and organizing joint economic programs.
Hashemi invited Tajik traders and investors to participate in the fifth Imam Abu Hanifa International Exhibition in Kabul.
Alizoda, meanwhile, invited an Afghan business delegation to attend a major trade and industrial exhibition in Dushanbe.
The two sides also stressed the importance of exchanging business delegations and developing long-term cooperation between the private sectors of Afghanistan and Tajikistan.
Business
Kazakhstan grain shipments to Afghanistan rise over 4-fold
Of the total, 7.2 million tons were transported for export, while 2.1 million tons were supplied to the domestic market.
Grain shipments from Kazakhstan to Afghanistan increased 4.4 times in the first eight months of the year, reaching 655,000 tons, according to Kazakhstan’s Transport Vice Minister Zhanibek Taizhanov.
Speaking at a government meeting, Taizhanov said Kazakhstan transported 9.3 million tons of grain by rail during the period, a 13% increase compared with the same period in 2025.
Of the total, 7.2 million tons were transported for export, while 2.1 million tons were supplied to the domestic market.
Taizhanov said grain shipments to Central Asia increased by 37%, while shipments to China rose by 34%. Grain exports through Russian ports also increased by 9%.
Meanwhile, combined fodder exports rose by 38% to 2.6 million tons.
Earlier, Kazakhstan’s Vice Minister of Agriculture Azat Sultanov said the country plans to commission 15 additional vegetable storage facilities by the end of 2026, with a combined capacity of 129,000 tons.
-
Regional5 days agoUS, Iran separately talk with mediators in latest bid to end war
-
Regional4 days agoUS imposes sanctions on 13 tied to Iran weapons procurement
-
Latest News3 days agoFour members of one family killed in Helmand in Pakistan airstrike
-
Sport4 days agoIstiqlal Kabul beat Khurasan Faryab 2-0 with late goals
-
Sport4 days agoAfghanistan Champions League: Toofan Herat and Aino Mina Kandahar draw 1-1
-
Climate Change5 days agoAfghanistan on climate front line as Kabul faces groundwater warning
-
Latest News5 days agoUS Afghanistan War Commission meets Asim Munir over Pakistan’s role in conflict
-
Business5 days agoRussia accuses West of double standards over deportation of Afghans
