INSUBCONTINENT EXCLUSIVE:
Fan China Afghan Mining Processing and Trading Company (FAMPTC) will invest $350 million over the next few months in various sectors
including power generation, construction of a cement factory and in health in Afghanistan, the company announced on Thursday.FAMPTC
officials announced their plans in a meeting with Mawlawi Abdul Kabir, political deputy and acting prime minister of the Islamic Emirate of
Afghanistan (IEA).The company&s officials said that they had professional and specialized people to work on the projects and operational
plans in place which will soon be implemented in Afghanistan, according to a statement released by the prime minister&s office.The acting
prime minister called on foreign and local investors to take the opportunity to invest in Afghanistan as conditions are more favorable than
ever.He said that the IEA assures investors that they and their assets will be safe.Fan China Afghan Mining Processing and Trading Company
(FAMPTC), is a joint venture between China&s Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) and Afghanistan&s Watan Group, according to
state news agency Bakhtar.In January, IEA signed a contract with CAPEIC to extract oil from the Amu Darya basin and develop an oil reserve
in the country&s northern Sar-e Pul province.The post Chinese mining firm to invest $350 million in Afghanistan first appeared on Ariana
