Deals for developing gold and copper mines in northern Badakhshan and Sar-i-Pul provinces have been signed in the US according to a spokesperson of the Ministry of Mines and Petroleum.
Turkish Afghan Mining Company will invest a sum of $22 million in Badakhshan gold mine in the first three years of exploration, while Afghan Gold and Minerals Company will invest around $56 million on Balkhab copper during the same period, as per the spokesman.
The partners of this company is British mining and exploration investment company Centar.
In the signing ceremony, acting ministers of finance and mines were present in Washington.
This investment will be transformative for Afghanistan,” said Sadat Mansoor Naderi, Chairman and President of Afghanistan Gold and Minerals and Vice President of Turkish Afghan Mining Company.