en.Wedoany.com Reported - The Ministry of Mines and Petroleum of Afghanistan has signed two mining and industrial contracts with private enterprises, covering Khost Province and Samangan Province, involving gold mining and cement production.

The first contract is a five-year agreement for the extraction of a gold mine in the Shamal District of Khost Province, with a total value exceeding 802 million Afghanis. A representative of the Ministry of Mines and Petroleum stated that the contract was signed between the ministry and a private enterprise, with the Islamic Emirate's share set at 60%.

The second contract concerns the Aybak Cement Project in the Firoz Nakhchir District of Samangan Province, with a 30-year term, also signed between the ministry and a private enterprise. The total investment for this project is estimated at $67 million, with a designed daily production capacity of 1,200 tons, and it is expected to provide employment opportunities for nearly 600 people upon completion.

Homayoun Afghan, spokesperson for the Ministry of Mines and Petroleum, stated that the cement project contract has a 30-year term, and the contracting company will invest $67 million. Some economic experts pointed out that investments in the mining sector can significantly boost Afghanistan's economic growth, but emphasized that mineral resource extraction must adhere to professional standards. Economic analyst Abdul Zohour Madabar believes that resource utilization should balance current and future needs, especially for non-renewable resources, requiring responsible extraction to avoid overconsumption.

Afghanistan continues to advance investments and contract signings in the mining sector, with a focus on gold mines and cement projects. Currently, domestic and international enterprises, including those from China, Turkey, and Qatar, have invested in the country's mining sector, with some extraction activities underway.

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