Afghanistan signs 30-year iron ore mining contract in Bamyan

Afghanistan's Ministry of Mines and Petroleum has signed a 30-year contract for iron ore extraction in the Yakawlang district of Bamyan province. The deal, involving an investment exceeding 438 million afghanis, was signed by Minister Mullah Hedayatullah Badri with domestic firms Nazari Rahimi and Khan Waziri.

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The contract has been awarded for a period of 30 years and is conditional on the companies operating in accordance with mining laws, procedures, and their contractual obligations.

The contract covers an area of 85 square kilometers and includes a 20% royalty rate. Minister Badri emphasized that the companies must adhere to mining laws and contractual obligations throughout the 30-year period. A key condition of the agreement is that all extracted minerals will be processed within Afghanistan, a move expected to generate significant employment opportunities.

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100 percent of the minerals extracted from the project will be processed within Afghanistan.

This contract signifies a commitment to developing the country's mineral resources and fostering domestic processing capabilities. The ministry highlighted the creation of dozens of direct and indirect jobs as a primary benefit of the project's implementation.

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the implementation of the project will create dozens of direct and indirect employment opportunities for Afghan citizens.