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Home | Opinions | Economic | US investment in Afghan mines sector could be good news for Afghanistan

US investment in Afghan mines sector could be good news for Afghanistan

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US investment in Afghan mines sector could be good news for Afghanistan
 Afghanistan government and US administration have recently agreed that US private companies would invest on Afghanistan mines sector. Experts on economical affairs told The Kabul Times correspondent that investment on Afghan mines sector could be an effective step and cause strengthening of Afghanistan economic.
“Undoubtedly, any investment on Afghanistan mines sector will be beneficial for economy of Afghanistan, but it is very important for Afghanistan government to have key role in extraction of mines and not let foreign companies to misuse the country’s mines because mines are Afghanistan big wealth which needs serous management,” said an economical expert Shir Ali Tazari.
He said, “Unfortunately no considerable work has been carried out on Afghan mines by a number of foreign companies so far and even by coming and going of ministers of mines the people of Afghanistan still know nothing related to work, extraction and incomes collected form mines sector.”
Najib Mahmoud, another expert believes that Afghanistan government needs to better make use of opportunities paved by the international community and investment of US private companies agreed by officials of Afghanistan and this is a good step and will result in strengthening of Afghanistan economy and  help the country reach self-sufficiency.
Mohammad Shabir Bashiri, an Afghan economical expert also considered foreign investment in Afghan mines sector as significant and could be a good omen for the country’s future.
“Investment on mines sector in Afghanistan in particular investment by US on this sector would be an orifice of hope for the country’s future. Afghanistan as an independent country can  have economic and political relations and make use of its rights and concessions,” added Bashiri.
He stressed that a number of countries in the region might doubt US investment on Afghanistan mines sector, the Afghan government should make effort to convince the regional countries that US investment on Afghan mines sector was not against their interests.
Meanwhile, officials for ministry of mines and petroleum consider foreign investment in particular US investment on Afghanistan mines sector as a good step towards increasing of incomes in the country.
Qadir Mustafa, a spokesperson to MoMP told The Kabul Times correspondent that extraction of mines was the best option for strengthening and economic self-sufficiency of Afghanistan.
Pointing to readiness of US for investment in Afghan mines sector, Mustafa said that investment of well-developed countries in particular US was good news for Afghanistan.
Based on information released by international geological and mines organizations, Afghanistan underground resources are worth more than three trillion US dollar. 
Insecurities, lack of necessary capacities, and illegal extraction of some mines by irresponsible individuals were considered as serious problems in mines sector in Afghanistan.
It said that in sideline of UN general assembly summit, both US and Afghanistan presidents discussed related to investment of US private companies on Afghan mines sector. Afghanistan President Mohammad Ashraf Ghani expressed happiness about pledges made by US president for investment in mines sector of Afghanistan and said strengthening and economical stability of the country depended on extraction of its mines.
Shukria Kohistani  
 

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Insecurities, lack of necessary capacities, and illegal extraction of some mines by irresponsible individuals were considered as serious problems in mines sector in Afghanistan.
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