KABUL: A number of domestic investors, in a meeting with Mullah Abdul Ghani Beradar Akhund, the Deputy Prime Minister of the Islamic Emirate for Economic Affairs, said that they are interested to invest $650 million on the Hajigak iron mine.
The office of the deputy PM for economic affairs said in a statement on Monday that the investors plan to carry out professional extraction operations in partnership with a foreign company and intend to establish a processing plant within the country, equipped with advanced technology and aligned with international standards.
“This plant will have the capacity to extract, process, and convert 9,000 tons of sponge iron into billets daily. It is expected to directly create employment opportunities for 6,000 citizens and fully meet the country’s iron demand,” the statement said.
Welcoming the investors, Mullah Beradar assured them of full cooperation and support from the Islamic Emirate.
He also instructed the officials of the Ministry of Mines and Petroleum to work jointly with these investors in this regard.
Domestic investors to invest $650 million in Hajigak iron mine
