Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar Akhund met with domestic investors who committed to investing $650 million in the Hajigak iron ore deposit. The investment, to be deployed over three phases, will focus on the exploration and extraction of a single block of the mine.
The project will be carried out in partnership with a foreign company using advanced extraction techniques. Additionally, plans include the establishment of a state-of-the-art local processing facility that meets international standards.
This plant is expected to process 9,000 tons of sponge iron daily into billets, meeting national iron demands and creating 6,000 direct jobs.
The Deputy Prime Minister welcomed the initiative and assured the investors of full government support. He also directed the Ministry of Mines and Petroleum to actively cooperate in facilitating the project’s progress.
