Some Domestic Investors to Invest $650 Million in One Block of the Hajigak Iron Ore Mine
The Deputy PM for Economic Affairs, Mullah Abdul Ghani Baradar Akhund, met with a number of domestic investors today, May 12, 2025, in his office.
During the meeting, the investors stated that they are prepared to jointly invest $650 million in three phases for the exploration and extraction of one block of the Hajigak iron ore mine. According to the information provided by the investors, they plan to carry out professional extraction operations in partnership with a foreign company. Additionally, they intend to establish a processing plant within the country, equipped with advanced technology and aligned with international standards.
This plant will have the capacity to extract, process, and convert 9,000 tons of sponge iron into billets daily. It is expected to directly create employment opportunities for 6,000 citizens and fully meet the country’s iron demand.
The Deputy PM welcomed the investment in iron exploration and extraction and assured the investors of full cooperation and support from the Islamic Emirate. He also instructed the officials of the Ministry of Mines and Petroleum to work jointly with these investors in this regard.
