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President pushes for fair mining contracts

President pushes for fair mining contracts

May 07, 2015 - 16:03

KABULinfo-icon (Pajhwok): President Mohammad Ashraf Ghani on Thursday stressed transparency in mining contracts and framing prudent policy for development of the cement industry in Afghanistaninfo-icon.

The president, who met Mines and Petroleum Ministry officials at his office, called for pulling out the mining sector from the influence of individuals, a statement from the Presidential Palace said.

The meeting discussed the ministry’s first 100-day plan, with the president underlining fair and transparent bidding process for mining contracts.

The president said the real issue was that the mining sector should not be dependent on individuals. He also said the current structure of the Mines Ministry could not meet contemporary needs.

A survey conducted in 2010 puts the value of untapped mineral deposits in 28 areas of Afghanistan at $3 trillion. 

But some reports say so far 1440 mineral deposits have been registered in Afghanistan and besides these, 4500 more mineral sites exist in the country, with the collective worth reaching nearly $500 trillion.

Meanwhile, Afghanistan Chamber of Commerce and Industries (ACCI) members and industrialists called on President Ghani at the Presidential Palace.

The president said his government was striving to work out an agreed formula for the development of private sector.

The president said the private sector should jointly work with the public sector for the country’s economic development.

International relations director at the ACCI, Azarkhash Hafizi, told the meeting that the private sector planned to present its 100-day plan like the public sector.

He explained the plan would be about alternatives to imported products, competitive products, reliance on electricity produced in Afghanistan and the establishment of steal melting factories.

The president said farmers should be rescued from bankruptcy by finding market for their products and introducing the concept of value chain.

A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market.

While stressing increased production of construction materials, the president said the production of cement was the government’s main priority.



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