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Chromite mine in Logar handed over to domestic company

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(Last Updated On: February 12, 2024)

The Ministry of Mines and Petroleum says the tender to extract chromite in Azra district of Logar province has been awarded to a domestic company.

The Acting Minister of Mines and Petroleum Shahabuddin Delawer said the contract is valid for five years and the company that won the bid will invest 151 million afghanis in the mine.

Delawer urged the company to stick to the contract terms.

According to the ministry, contracts for 15 large-scale mines have been awarded in the past 10 months.

The ministry’s spokesman Hamayoon Afghan added that extraction of mines in the country is now being done legally.

“Since this year, around 50 small-scale mining companies have been awarded contracts to local companies during tenders. Also, about 15 large-scale mines, including gold, copper, iron, lead, and cement projects, have been entrusted to domestic and foreign companies,” said Afghan.

Meanwhile, the general manager of the company that won the chromite contract stated the company is committed to adhering to the contract regulations.

He also called on the government to support local investors. “The system should provide a favorable environment for domestic investors,” said Shirzad, the manager of the winning company.

Last week, the ministry also approved a tender to extract lead in Ghor province. The company that won the tender will invest $247 million in the mine.

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MoU signed for start of Trans-Afghan railway feasibility studies

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(Last Updated On: February 20, 2024)

The Afghanistan Railway Authority (ARA) announced on Tuesday a memorandum of understanding (MoU) had been signed for feasibility studies on the Trans-Afghan railway project.

ARA said that the head of the organization, Bakhtur Rahman Sharafat, signed the MoU during his visit to Uzbekistan on Monday. The MoU was signed between Uzbek and UAE officials and Afghanistan.

ARA said once the feasibility study has been completed, results will be shared with various stakeholders including financial institutions, countries and businessmen from Afghanistan, Uzbekistan and Pakistan.

Officials attending Monday’s meeting also decided a virtual meeting would be held on Wednesday with Qatari and Pakistani officials.

The Trans-Afghan railway once completed will connect Central Asia with South Asia.

Starting in Balkh’s Mazar-e-Sharif, the 647km line will pass through Samangan, Baghlan, Bamiyan, Maidan Wardak, Logar and Paktia provinces and on to Pakistan.

This project has been under discussion for many years. After regaining power, the Islamic Emirate approved the initial survey which was successfully completed by the technical teams of Afghanistan, Uzbekistan, and Pakistan Railways.

ARA has meanwhile said it once again invites countries, financial organizations and businessmen to invest in Afghanistan railway projects.

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Import, export volumes total $7.5 billion in 1st nine months of this solar year

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(Last Updated On: February 19, 2024)

Afghanistan’s export and import volumes totaled $7.5 billion in the first nine months of this solar year – 1402, the National Statistics and Information Authority (NSIA) said on Monday.

NSIA said exports totaled $1.35 billion while imports amounted to $6.22 billion.

Last solar year, 1401, saw exports total $1.37 billion while imports totalled $5.12 billion.

NSIA said most exports went to Pakistan ($689.9 million), followed by India ($463 million) and the UAE ($32 million).

The most popular export item was dried fruit, which totaled $342.7 million. Medicinal plants, minerals and fresh fruit were second, third and fourth respectively.

The authority stated that the most imported items in the first nine months of this solar year came from Iran and totaled $1.31 billion.

Goods from Pakistan followed totaling $1.15 billion and then China with goods worth $1.14 billion.

Imports were dominated by fuel, petroleum and gas, at $1.1 billion, followed by machinery, vehicles and spare parts which totaled $691.9 million.

Other high volume goods included textiles, metals and metal products.

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Acting Minister of Mines and Petroleum meets Russian investor

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(Last Updated On: February 19, 2024)

Shahabuddin Delawar, Acting Minister of Mines and Petroleum, met with the Russian investor on Sunday in his office and discusses investment opportunities in Afghanistan.

The Ministry of Mines and Petroleum says that in this meeting, the Russian investor, while providing information about the company’s work experience and activities, said: “Our company has 120 years of work experience in the countries of Iran, Iraq, Syria and Tajikistan with advanced and modern equipment that we have, we are ready to cooperate and start work in Afghanistan.”

In this meeting, he also talked about the production of 150 megawatts of electricity from garbage and said that our company is ready to cooperate and work on solving the problem of garbage and generating electricity from it.

The Russian company also gave information about their facilities and equipment in the oil and gas sector and electricity generation from gas, expressed their interest in investing in the oil and gas sector of Afghanistan and requested the support and cooperation of the Ministry of Mines and Petroleum.

The Ministry of Mines and Petroleum stated that the acting minister welcomed their plans and ideas in the country’s oil and gas sectors and electricity generation from waste, adding: “Afghanistan enjoys overall security and there is a suitable environment for foreign businessmen to invest.”

According to the Acting Minister of Mines and Petroleum, businessmen can invest in a safe, transparent and corruption-free environment, and the leadership of the Ministry of Mines and Petroleum is also ready to cooperate in this field.

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