A number of domestic investors have announced plans to invest $650 million in three phases for the exploration and extraction of one of the blocks in the Hajigak iron mine.

The announcement was made during a meeting on Monday with Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, who welcomed the initiative and reaffirmed the Islamic Emirate’s full support for such investments.

According to the investors, the project will be implemented in partnership with a foreign company and carried out using professional and modern mining standards. In addition to extraction, the plan includes the establishment of a sponge iron processing plant within Afghanistan, equipped with advanced technology and compliant with international standards.

The facility is expected to process up to 9,000 tons of sponge iron daily, converting it into steel billets to meet Afghanistan’s domestic demand for iron products. The project is also projected to create 6,000 direct jobs, contributing significantly to the local economy.

Mullah Baradar instructed the Ministry of Mines and Petroleum to collaborate closely with the investors and to regularly report on the project’s progress. He reiterated the government’s commitment to supporting initiatives that foster economic growth and self-reliance in the mining sector.

Acting Minister of Energy and Water Abdul Latif Mansoor has left Kabul for Tashkent to participate in the fifth Uzbekistan International Energy Conference.

The event is part of Energy Week of Uzbekistan 2025 that is focused on regional partnership for sustainable energy. It will be held from May 13 to 15.

The aim of the summit is to strengthen regional cooperation, attract investment in joint energy projects, exchange experiences and promote green technology, the Ministry of Energy and Water said in a statement.

During the conference, Mansoor is expected to emphasize expanding cooperation with regional countries, attracting foreign investment and using successful international experiences in the field of energy resource management, the statement said.

Representatives of regional countries, including Uzbekistan, Kazakhstan, Turkmenistan, Russia, as well as organizations s such as the International Atomic Energy Agency and the World Bank, are expected to attend the conference.