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Gold, copper mines deals signed in US

KABUL: Afghanistan signed deals in the United States on Friday to develop the country’s gold and copper mines in northern Badakhshan and Sar-e-Pul provinces.
A statement from Afghanistan embassy in Washingtonsaid the contracts were signed between the Ministry of Mines and Petroleum (MoMP) and Central Limited Company in the embassy on Friday.
Madina Qasimi, Afghanistan Charge de Affair in Washington, said, “These contracts signed are very important and it proves the Afghan government’s commitment regarding the private sector.”
She said Afghanistan was moving towards self-sufficiency and the private sector could play an important role in that move.
Acting mines and petroleum minister, Nargis Nehan, talked about transparency in contracts and approval of new laws in her ministry.She said that partnership between the government and the private sector would help create jobs.
Sayed Sadat Mansour Naderi, a shareholder of Central Ltd and Enhananam, executive chief of the company talked about the importance of foreign trade and development of the private sector.
He said that the contracts signing would attract more investors for investment in Afghanistan.
Turkish Afghan Mining Company will invest $22 million in Badakhshan gold mine in the first three years of exploration, while Afghan Gold and Minerals Company will invest $56 million on Balkhab copper during the same period.
Centar hopes to begin exploration in the sites next year. Within the first year of operation, both projects could be among the largest private-sector employers, it said.
According to Centar, the Balkhab Copper Project covers 500-squar-kilometer area while the gold project in Badakhshan covers twice the size.
The Kabul Times

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