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Chromate extraction: $20m contracts signed

Chromate extraction: $20m contracts signed

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Sep 14, 2019 - 19:55

KABULinfo-icon (Pajhwok): The Ministry of Mines and Petroleum (MoMP) on Saturday signed five contracts for extraction of chromate with representatives of companies.

According to MoMP, chromate mines are located in Charasiab district of Kabul, in Kanjak and Babos areas of Logar, in Koh Safi district of Parwan and Narkh district of Maidan Wardak province.

The five contracts for extraction of these mines were assessed during the last six months and their results shared with the MoMP before being signed today.

Nargis Nehan, the mines and petroleum minister, during the contracts’ signing ceremony, said a commission of the ministry tasked with assessing the contracts, had decided that the contracts would be adjusted by the National Procurement Commission.

She said high reality percentage and investment in chromate extraction were the reasons for adjusting the contracts.

These contracts—worth $20 million-- were signed in line with the new mining law and their reality percentage downed from 30 percent to 7.5 percents, she said.

mds

 

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