Taliban asserts $6.5B mining deals in Afghanistan.
OAN’s James Meyers
4:52 PM – Friday, September 1, 2023
Afghanistan’s Taliban government said it signed seven mining contracts on Thursday worth $6.5 billion in investments.
This is the largest amount of deals since the Taliban seized power in the country two years ago.
The contracts are with local based companies who have foreign ties to countries including China, Turkey and Iran.
According to Deputy Prime Minister for Economic Affairs, Abdul Ghani Baradar Akhund, the seven new contracts will create thousands of new jobs and help improve the tumultuous economic situation in the country.
Javan Noorani, an expert in Afghanistan’s mining sector, said the deal needs to lead to full mining operations on the ground to be successful, which could take years.
“The Taliban know Afghanistan has minerals and this is cash, but it’s not easy cash,” Noorani told the Associated Press. “Mineral mining is an incredibly complicated operation. It requires a proper framework, strategies, institutions and infrastructure. You open up the sector slowly and start with low-hanging fruit.”
Since the Taliban’s takeover, the terrorist group has been using foreign investing to bring the economy back up.
Almost 80% of the previous Afghan government’s budget came from the international community. According to experts, that money was used to fund schools, hospitals, factories and government ministries but the money is now mostly cut off.
However, Tamim Asey, a former official with the Afghan ministry of mines and petroleum calls the new deal “mere propaganda.”
“The legal-policy framework for the mining sector is not only vague but almost nonexistent. The regime doesn’t even have a constitution, let alone mining legal framework.”
Logar Province located in Afghanistan, is estimated to have the world’s largest copper deposit.
Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts
Adam Brandon says his organization, FreedomWorks, is giving Conservative lawmakers on Capitol Hill a backbone to cut spending when Congress gets back to work in just a few days.
CNN publishes a report denouncing One America News for running Russian propaganda over our reporting on the Syrian terrorist group “The White Helmets.”
West Virginia Attorney General Patrick Morrisey says moving President Trump’s J6 trial out of D.C. to his state would be a win for all parties.
The Biden Administration introduced a new rule that would classify any American who sells guns as a ‘Firearm Dealer.’
By Josh Ye and Urvi Manoj Dugar (Reuters) -At least three Chinese tech firms including Baidu, Baichuan Intelligent Technology and Zhipu AI…
SHANGHAI (Reuters) – Chinese artificial intelligence (AI) firms Baichuan Intelligent Technology and Zhipu AI on Thursday opened their AI large language models…
(Reuters) – Alphabet’s Google said on Wednesday it introduced generative artificial intelligence to its Search tool for users in India and Japan…
By Zaheer Kachwala (Reuters) -Salesforce raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it benefits from…
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...