INSUBCONTINENT EXCLUSIVE:
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
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.
The post Domestic investors eye $650 million investment in Hajigak iron mine first appeared on TINS News | Afghanistan News.
