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تصویر بندانگشتی

Herat Iron Mine Secures $5.5B Investment From Türkiye, Iran, UK

The Ministry of Mines and Petroleum announced there will be investment from Türkiye, Iran, and the United Kingdom in the Ghorian iron mine in Herat.

The spokesman for the Ministry of Mines and Petroleum, Homayoun Afghan, said that the mine has been granted to these countries for 30 years with an investment volume of over $5.5 billion dollars.

Afghan said: "The investment volume in these 4 blocks is over $5.5 billion US dollars, which includes exploration, extraction, exploitation, and social services."

According to Afghan, the Ghorian iron mine in Herat spans about 1,000 square kilometers, and due to a lack of facilities such as electricity and infrastructure, the iron mine processing is not currently carried out in the country.

A number of analysts emphasized the need to extract and process minerals within the country and said providing more facilities for domestic and foreign investors would be effective in increasing the country's internal revenues.

"If Afghanistan is recognized by the international community and banking restrictions are lifted, without a doubt, many countries will be interested in investing, especially in the mining sector," said Abdul Nasir Reshtia, an economic analyst.

"The financial, energy, and security infrastructure for investors must be provided, which the Islamic Emirate must guarantee," said Taj Mohammad Talash, another economic analyst.

Based on information from the Ministry of Mines and Petroleum, in the first two months of the current solar year, eight mining extraction contracts have been signed, with their investment volume reaching $40 million dollars. These mines include two large and six small mines, contracted with domestic companies.

Herat Iron Mine Secures $5.5B Investment From Türkiye, Iran, UK

Homayoun Afghan, said that the mine has been granted to these countries for 30 years with an investment volume of over $5.5 billion dollars.

تصویر بندانگشتی

The Ministry of Mines and Petroleum announced there will be investment from Türkiye, Iran, and the United Kingdom in the Ghorian iron mine in Herat.

The spokesman for the Ministry of Mines and Petroleum, Homayoun Afghan, said that the mine has been granted to these countries for 30 years with an investment volume of over $5.5 billion dollars.

Afghan said: "The investment volume in these 4 blocks is over $5.5 billion US dollars, which includes exploration, extraction, exploitation, and social services."

According to Afghan, the Ghorian iron mine in Herat spans about 1,000 square kilometers, and due to a lack of facilities such as electricity and infrastructure, the iron mine processing is not currently carried out in the country.

A number of analysts emphasized the need to extract and process minerals within the country and said providing more facilities for domestic and foreign investors would be effective in increasing the country's internal revenues.

"If Afghanistan is recognized by the international community and banking restrictions are lifted, without a doubt, many countries will be interested in investing, especially in the mining sector," said Abdul Nasir Reshtia, an economic analyst.

"The financial, energy, and security infrastructure for investors must be provided, which the Islamic Emirate must guarantee," said Taj Mohammad Talash, another economic analyst.

Based on information from the Ministry of Mines and Petroleum, in the first two months of the current solar year, eight mining extraction contracts have been signed, with their investment volume reaching $40 million dollars. These mines include two large and six small mines, contracted with domestic companies.

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