View topic - afghan copper out at last - Afghan Forum -


afghan copper out at last

Afghan Forum Forum Index -> General Discussions

  Author    Thread Post new topic Reply to topic
System



Joined: 02 Apr 2004
Posts: 0
Advertisement

Post 15.03.2006 00:28:29 
  Send private message   Reply with quote  
matty
Moderator


Joined: 24 Jul 2005
Posts: 3228
Location: lond on
afghan copper out at last

China wins major Afghan project
By Ian MacWilliam
BBC News

A rocket lies > <div class=Afghanistan has suffered decades of war
A Chinese mining company has won a tender to develop one of the world's largest copper mines in Afghanistan.

The state-owned China Metallurgical Group says it will invest nearly $3bn in the mine at Aynak in the province of Logar, south of Kabul.

Officials say it will be the largest foreign investment in Afghan history and will employ 10,000 people.

When construction is complete the company will pay the Afghan government $400m a year.

'World-class'

The Afghan government wants to attract foreign companies to make mining a key sector of an economy that is on a slow recovery after three decades of war.

The Aynak copper deposits in Logar province were first explored by Soviet geologists in the 1970s. But then the Soviet invasion of 1979 and years of warfare put an end to plans to develop them.

Officials say the area contains an estimated 13 million tonnes of copper, making it a world-class site.

It is also in a relatively safe area, not far from the capital.

The $3bn that the China Metallurgical Group is to invest in Aynak compares with a total of $4bn which the Afghan government says foreign companies have invested in the country since the overthrow of the Taleban six years ago.

Once it goes into operation in five years' time, the mine will provide hundreds of millions of dollars of much-needed revenue for the cash-starved Afghan government.

It will also provide thousands of jobs in a land where unemployment is one of the most pressing problems.

Kabul hopes to attract more foreign mining firms.

The Aynak tender was hotly contested by companies from Canada, Australia and Russia, as well as China.

Experts say Afghanistan's mountains are rich in minerals, which could become a significant base for the revival of the country's shattered economy.

Apart from copper, there is coal, iron, gas and oil.

There is also a sparkling assortment of gemstones - emeralds, tourmalines and garnets, and the lapis lazuli mines which provided jewelry for the Egyptian pharoahs three thousand years ago.


_________________
NoT SiNgLe and Never Ever Available

Post 20.11.2007 21:04:25 
  Send private message Send email Visit posters website   Reply with quote  
ajmalshujaiy
Platinmitgliedschaft


Joined: 08 May 2006
Posts: 3058
Location: l< /-\ l3 u l_

Really gr8 project specaily employing of 10,000 people and as well it incourge other foreigner investors to invest in diffrent fields


_________________
RockStar!

Post 22.11.2007 13:57:32 
  Send private message Send email Visit posters website   Reply with quote  
  Display posts from previous:      
Post new topic Reply to topic

Jump to:  


Last Thread | Next Thread  >


You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

 

Powered by phpBB enhanced by us © 2001, 2002 phpBB Group

Datenschutz | AfghanMania.com | AfghanMania.de | AfghanMania.com.af | Afghan Press
Afghan Postcards | Afghan New | Afghan Music | Afghan Info | Afghan Dictionary
Sport: Gadgets; Iran incessant