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Taliban sign $6.5B mining contracts

AT News

KABUL – Domestic, Asian, and European companies on Thursday signed seven substantial mining contracts with the Taliban administration worth a staggering $6.5 billion.

The signing ceremony took place in Kabul, orchestrated by Afghanistan’s Ministry of Mines and Petroleum in collaboration with private firms from Afghanistan, Turkey, Iran, and China. Acting Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar Akhund, was present in the event.

The contracts will include mining operations in several sites in Herat, Ghor, Loghar, and Takhar provinces, and they encompass the extraction and processing of valuable resources such as gold, copper, plumbum, and iron.

Remarkably, a total investment of $6.557 billion will be injected into these seven projects. This infusion of capital is poised to generate thousands of job opportunities and bring about a substantial improvement in the country’s economic landscape. This deal marks the most significant agreement since the Taliban’s return to power in August 2021.

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