afghanistan mining sector

Ministry of Mines and Petroleum The longterm goals of the ministry are efficient management of natural resources creating job opportunities development of national economy and encouragement of private sector investments in minerals and hydrocarbons extraction to maximize the income and reinforce the national revenue Message from the Minister

Afghanistan Mining Large natural gas deposits in northern Afghanistan were exploited jointly with the USSR starting in 1967 In the 1980s large quantities of natural gas were exported to the USSR but that was terminated after the Soviet withdrawal in 1989

The Government of Afghanistan is committed to open and accountable mining sector as it represents the largest opportunity to increase growth rates in the country To sustainably utilize our natural capital to create the financial capital to expand and ensure the freedoms rights and securities

Sep 22 2020 · The senior Taliban figure on the negotiating team called mining “our most important sector” The senior Taliban figure on the negotiating team who

Afghanistan is endowed with a variety of natural resources The US Geological Survey has estimated Afghanistan’s natural resources at USD 1 trillion In 2007 China became Afghanistan first major investor in its mining sector after signing a multibilliondollar deal for

According to the Ministry of Mines and Petroleum Afghanistan’s mineral industry is worth around USD 3 trillion but currently contributes only seven to 10 per cent of the country’s gross domestic product The development of this industry has been hindered in the past by insecurity insufficient infrastructure and outdated legislation

regulates the mining sector and has a number of state companies that operate across the coal cement natural gas and fertilizer industries We are of the strong belief that the regulatory and operational functions of the ministry should operate independently over time We believe that these principles combined with Afghanistan’s extensive

Since Afghanistan is a country rich in mining resources it is facing a lot of problems in discovering and extracting its natural resources because the country does not have enough experts in the mining sector and technical facilities like machinery due to the three decades of war and conflict that left over development in Afghanistan

Jun 15 2020 · The mining sector in Afghanistan has the potential to generate large government revenues with potential to support economic development The security background means that central government is hampered in its ability to manage and enforce revenue collection in

Dec 12 2017 · The US administration is reportedly keen to develop Afghanistan’s extractive sector having invested nearly 500m already However with rampant looting and occupation of mines by the Taliban and other insurgency groups as well as corruption and stability concerns some question the country’s readiness for foreign investment as well the US administrations intentions