Fortescue Opens Talks With Afghanistan on Nation’s Mining Riches
- Billionaire Andrew Forrest could visit Kabul, officials say
- Iron ore giant is reviewing potential global expansion plans
Fortescue Metals Group Ltd.'s Solomon Hub mining operations in the Pilbara region, Australia.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
Fortescue Metals Group Ltd. has held talks with Afghanistan’s President Ashraf Ghani on potential mining sector opportunities in the nation, which has struggled to accelerate development of an estimated $1 trillion worth of minerals deposits.
Ghani and the company’s chairman Andrew Forrest held an Aug. 6 video conference over potential investment in iron ore and copper resources, and the billionaire miner is scheduled to visit Kabul in October for further talks, according to Qadeer Khan Mutfi, a spokesman for Afghanistan’s Ministry of Mines and Petroleum.