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Taliban asserts $6.5B mining deals in Afghanistan.

Afghan Taliban militants and villagers ⁣attend ⁣a⁤ gathering​ as they celebrate the ⁢peace deal and their ⁤victory in the Afghan conflict on US in Afghanistan, ⁤in Alingar district of Laghman Province on March​ 2, 2020. (Photo by NOORULLAH SHIRZADA / AFP) (Photo by NOORULLAH SHIRZADA/AFP via Getty Images)

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.

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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.

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