Indian Group Wins Rights to Mine in Afghanistan’s Hajigak
This article is for subscribers only.
President Hamid Karzai’s government offered India a new strategic role in Afghanistan by awarding mining rights for the country’s biggest iron deposit to a group of Indian state-run and private companies.
Karzai and his cabinet awarded three of four blocks at the Hajigak ore deposit to seven companies that bid with support from India’s government, and offered the final block to Canada’s Kilo Goldmines Ltd., according to a Ministry of Mines statement issued yesterday. The country expects to attract $14.6 billion in foreign investment over 30 years, including $10.7 billion from India, the ministry’s policy director Abdul Jalil Jumriany said by phone today.