Business
China’s Jiangxi Copper to develop Mes Aynak when situation allows
Members of the Islamic Emirate were seen on Monday touring the Mes Aynak copper mine, which two Chinese companies had been developing.
China's Jiangxi Copper Co Ltd said that it and the Metallurgical Corp of China (MCC) were monitoring the situation in Afghanistan and would push forward with the development of the Mes Aynak copper mine when they could.
Logar governor, Mohammad Ali Jan said that “now that the Islamic Emirate is ruling, this is our only and first visit to here, after this the Islamic Emirate and the company's technical people will work on it together. As we know from history, this is a huge mine in Afghanistan and it is the nation's great wealth."
Construction of the mine until now has not been substantial due to the unstable situation in Afghanistan, said Zheng Gaoqing, the chairman of Jiangxi Copper, at an online briefing.
Jiangxi Copper and MCC took on a 30-year lease for the mine in 2008, which has an estimated reserve of 11.08 million tonnes of copper. Jiangxi Copper holds a 25% stake in the project.
Mes Aynak, about 40 km southeast of Kabul, is also the site of ancient Buddhist ruins.
Business
Private sectors of Afghanistan, Kazakhstan sign contracts worth $100 million
Private sectors of Afghanistan and Kazakhstan have signed contracts worth $100 million during the visit of an Afghan delegation to Almaty recently, the Islamic Emirate of Afghanistan (IEA) announced on Thursday.
The agreements include the export of more than 2,000 tons of dried fruit, the export of fresh fruit, including pomegranates, and the export of cotton, Zabihullah Mujahid, a spokesman for the Islamic Emirate, said on X.
Mujahid said that the Islamic Emirate delegation during its recent visit to Kazakhstan signed a "road map of cooperation between Afghanistan and Kazakhstan in the fields of trade, industry, mining, energy, logistics, agriculture, telecommunications, health, higher education and humanitarian aid.”
He said Kazakhstan also assured that it would provide more facilities for the transit of Afghan goods to China and other countries through Kazakhstan.
The allocation of an area "as a logistics center for Afghan goods" in the port of Khargos was also part of the agreement between the two sides to facilitate the unloading and loading of Afghan traders' goods.
The spokesman of the Islamic Emirate also said that Kazakhstan will participate in the construction of the Torghundi-Herat, Kandahar-Spin Boldak and Mazar-e-Sharif-Kharlachi railway projects.
Mujahid added that Kazakhstan will also participate in the establishment of a trade and transit center in Herat province, which will be used to store and finance trade and transit goods. Meanwhile, Kazakhstan has agreed to establish permanent expo centers for the sale of Afghan goods in various cities of Kazakhstan.
It is worth mentioning that the delegation of the Islamic Emirate led by Nooruddin Azizi, Acting Minister of Industry and Commerce, participated in the three-day exhibition of Afghanistan's domestic products, which was launched on October 21 in Almaty.
The Ministry of Industry and Commerce recently announced that 23 tons of pomegranates from Kandahar province were exported to Almaty through the port of Torghundi.
Business
China resumes direct rail trade with Afghanistan
China resumed its direct freight rail services to Afghanistan on Thursday when a train loaded with goods left Nantong city in Jiangsu province.
The train, carrying commercial goods in 55 wagons, is heading for the northern Hairatan border in Balkh province, Yue Xiaoyong, China’s Ministry of Foreign Affairs' Special Representative for Afghanistan, said in a post on X.
Nantong is a central hub of the Belt and Road Initiative and is located north of Shanghai.
The resumption of the rail line was marked at a formal ceremony on Thursday with Yue and Bilal Karimi, the Afghan Ambassador to China, in attendance.
This comes after China recently announced plans to lift customs tariffs on Afghan exports to China by the end of this year, further strengthening trade ties between the two nations.
Business
IEA signs contract for construction of cement factory in Jawzjan Province
Turkish 77 Company will invest $163 million in the factory, which will have a daily output of 3,000 tons of cement once completed
The Islamic Emirate on Tuesday signed a multi-million dollar contract with Turkish 77 Company for a new cement factory in the Yatim Taq area of Jawzjan Province in northern Afghanistan.
The contract was signed in the presence of Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar Akhund.
Turkish 77 Company will invest $163 million in the factory, which will have a daily output of 3,000 tons of cement once completed.
Also in attendance on Tuesday were officials from the Ministry of Mines and Petroleum who stated that the contract, which allows the Turkish company to explore, extract, produce cement, and deliver social services, is valid for 30 years.
The establishment of this cement production plant will directly create around 1,200 jobs for local citizens.
In addition to the signing of this contract, the ministry also inked contracts worth $476 million with several domestic and foreign companies for cement projects in Jabal al-Saraj, Kandahar, and Herat.
The IEA has said this is in line with their aim of propelling the country towards self-sufficiency in the cement sector.
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