Gold Extraction Contract for Kunduz Province Signed
Mr. Hedayatullah Badri, Minister of Mines and Petroleum, on Sunday, 5/10/2026 signed a contract for the extraction of a gold mine located in Qala Zal District of Kunduz Province, covering an area of 5.97 square kilometers, with a total investment of (20240000) USD. The contract was signed in the presence of the Ambassadors of Azerbaijan and Kyrgyzstan countries with Subhan Momand Company and Reef Group LLC of Azerbaijan for a period of five years.
The aforementioned company is committed to paying a 30 percent royalty and investing (200,000) USD in various social service sectors. Furthermore, the company is supposed to provide employment opportunities for (100) people directly and indirectly.
The Ambassadors of the two countries expressed their appreciation for the cooperation of the Ministry of Mines and Petroleum with the mentioned company and stated that their companies are interested in making further investments in Afghanistan’s mining sector.
While welcoming the guests, the Minister of Mines and Petroleum said that the signing of this contract is considered a positive step toward strengthening economic relations among the three countries. He further added that the Ministry of Mines and Petroleum welcomes all national and international investors interested in investing in Afghanistan’s mining sector and we will continue to facilitate greater opportunities for them.
