{"id":20571,"date":"2024-05-20T09:10:37","date_gmt":"2024-05-20T09:10:37","guid":{"rendered":"https:\/\/swn.af\/en\/?p=20571"},"modified":"2024-05-20T09:21:06","modified_gmt":"2024-05-20T09:21:06","slug":"mines-attract-7-billion-worth-of-foreign-investment","status":"publish","type":"post","link":"https:\/\/swn.af\/en\/2024\/05\/mines-attract-7-billion-worth-of-foreign-investment\/","title":{"rendered":"Mines attract $7 billion worth of foreign investment"},"content":{"rendered":"<p style=\"text-align: left\"><strong>KABUL (SW) &#8211; Officials at the Ministry of Mines and Petroleum report that following the resurgence of the Islamic Emirate, companies from China, Iran, Turkey, Qatar, and the United Kingdom have invested $7 billion in eight major mines in Afghanistan.<\/strong><\/p>\n<p style=\"text-align: left\">Homayoun Afghan, spokesperson for the ministry, stated that this amount will be allocated to exploration, extraction of mines, establishment of factories, and ensuring financial guarantees and supplies.<\/p>\n<p style=\"text-align: left\">He further said: &#8220;Contracts for the gold mine in Takhar province, the Aynak Copper Mine, and offshore oil extraction in the Amu Darya Basin have been awarded to Chinese companies.&#8221;<\/p>\n<p style=\"text-align: left\">The ministry spokesperson emphasized that an Iranian company has been awarded contracts for two iron ore blocks in Ghoryan district of Herat province, while a Turkish and a British company each have contracts for one iron ore block in Ghoryan. Additionally, a Qatari company has invested in the Jabal al-Saraj cement project.<\/p>\n<p style=\"text-align: left\">However, some economic experts stress the importance of ensuring that the contracts signed by the Ministry of Mines and Petroleum comply with Afghanistan&#8217;s laws and safeguard national interests.<\/p>\n<p style=\"text-align: left\">Shabir Bashiri, an economic expert, believes that investments in Afghanistan&#8217;s mines can drive economic growth. He added, &#8220;Even if these mines are only in the research phase and extraction or processing has not yet begun, they can contribute to sustainable economic growth in the country.&#8221;<\/p>\n<p style=\"text-align: left\">According to officials at the Ministry of Mines and Petroleum, contracts for major mines have been signed for 30 years, with the first five years designated for the exploration phase.<\/p>\n<h6><em><strong>ENDS<\/strong><\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>KABUL (SW) &#8211; Officials at the Ministry of Mines and Petroleum report that following the resurgence of the Islamic Emirate, companies from China, Iran, Turkey, Qatar, and the United Kingdom have invested $7 billion in eight major mines in Afghanistan.<\/p>\n","protected":false},"author":9,"featured_media":20567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[990,1,16,981,8,6,7],"tags":[],"class_list":["post-20571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-0_swnen","category-report","category-economy","category-governance","category-afghanistan","category-headline"],"views":189,"_links":{"self":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/20571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/comments?post=20571"}],"version-history":[{"count":5,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/20571\/revisions"}],"predecessor-version":[{"id":20576,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/20571\/revisions\/20576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/media\/20567"}],"wp:attachment":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/media?parent=20571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/categories?post=20571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/tags?post=20571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}