Exploration and Production of Mineral Deposits That Could Contain Gold and Copper

exploration and production of mineral deposits that could contain gold and copperAfghanistan Ministry of Mines has set up an auction to award concessions for exploration and production of four concessions that may contain mineral deposits of gold and copper.

The biggest concession is located in the province of Badakhshan in northern Afghanistan, consists of four areas of 250 square kilometers, as shown by the Afghan government might contain gold.

Two other deposits, north and west, which contain copper and four sites in the central province of Ghazi, a mixture of gold and copper, the ministry said in a statement.

The document does not specify a closing date of the auction. Since 1960 and 1970 has developed a small exploration work on the deposits.

The Afghan government relies heavily on the exploitation of mineral reserves, worth about $ 3 billion to boost the economy, which has been severely affected by decades of conflict.

However, analysts said the domestic investment interest will be limited by ongoing violence, which the UN is the worst since the US-led forces toppled the Taliban regime a decade ago.

“Afghanistan’s mineral resources have the potential to transform the nation’s economy,” said Minister of Mines Wahidullah Sahrawi said in a statement.

The government awarded a consortium of mining companies and steels in India, led by Steel Authority of India, the right to develop a large iron ore concession in Hajigak, in central Afghanistan last month.

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