An Australian company, Fortescue Future Industries Pty Ltd, is expected to launch a pre-feasibility study on mining projects in Afghanistan in near future, the Inter
Govt s Handling of Mining Agreement Under Scrutiny
A document seen by TOLOnews indicates that the Afghan government has signed a five-year “framework agreement” with an Australian company, giving it access to gold, copper, iron, lithium, and other rare mineral resources in the country, but critics say the document places too many obligations on the government while failing to specify the Australian firm’s obligations.
Despite some optimism about bringing in a company like Fortescue, which is a major international mining entity with a market capitalization of almost A$70B (US$56 billion), some analysts question the way the agreement has been negotiated and awarded to the Australian firm.
A document seen by TOLOnews shows that the Afghan government has awarded a five-year "framework agreement" for the development of mining in Afghanistan to an Australian company, giving it a