The Ministry of Mines and Petroleum announced that several Russian investors have expressed interest in investing in Afghanistan’s mineral resources.
During a meeting with the deputy minister of policy at the ministry, the Russian company representatives stated their intention to invest particularly in gold panning and emerald mining in Afghanistan.
Homayoun Afghan, spokesperson for the ministry of mines and petroleum, said: “During the meeting, discussions were held regarding investment opportunities in Afghanistan’s mining sector. The heads of Russian companies presented information on their capabilities, operations, and experience in the mining field, and expressed a strong interest in investing in Afghanistan’s mines, especially in gold and precious stones, particularly emeralds.”
The Afghanistan Chamber of Industries and Mines emphasized that the country’s diverse mineral reserves present a significant opportunity for both domestic and international investors. Investment in this sector could not only create employment but also contribute to the growth of Afghanistan’s economy.
Sakhi Ahmad Paiman, first deputy of the Chamber of Industries and Mines, stated: “Russia, in particular, is actively engaging with Afghanistan and intends to invest in the mining sector. If they possess the experience and invest properly, mineral processing should take place inside the country. Afghanistan’s emeralds, lapis lazuli, and gold all have a strong global market. This is an opportunity that, if realized, could generate jobs for our people.”
On the other hand, some economic experts believe the government should create more facilities and incentives to attract greater foreign investment in Afghanistan’s mining sector.
Mohammad Karim Azimi, an economic analyst, told TOLOnews: “The government should implement effective incentive packages to attract foreign investors. This would not only encourage investors but also ensure mutual commitments are in place so these visits translate into real actions rather than empty promises.”
Previously, the Economic Deputy Office of the Prime Minister reported that 415 billion Afs have been invested in exploration, extraction, and processing of 21 major mines in Afghanistan. Preliminary studies estimate Afghanistan’s untapped natural resources to be worth approximately $3 trillion.