Iran Invests $5 Billion in Afghanistan’s Iron Mines

DIDPress: Beginning fresh negotiations with Afghanistan’s interim government, Iran is seeking to import large quantities of iron ore from the country and make multi-billion dollar investments in Afghanistan’s mining sector.

Mohammad Atabak, Iran’s Deputy Minister of Industry, Mines, and Trade, announced the start of official talks with the interim government to import Afghan iron ore.

According to initial agreements, Iran will provide Afghanistan with steel billets and technical engineering services in exchange for importing iron ore.

During a meeting of Iran’s Steel Headquarters members, Atabak emphasized this plan is part of the country’s long-term strategy to secure raw materials for its steel industry.

“Afghan iron ore is imported to Iran at around $100 per ton, and after being processed into steel, it is exported at a rate of $600 per ton,” he added.

Meanwhile, sources reported that the Iranian government intends to invest $5 billion in Afghanistan’s mining sector, especially in iron ore extraction.

This investment will include equipment, workforce training, and the development of industrial infrastructure.

According to statistics from Afghanistan’s Ministry of Mines and Petroleum, Iran has previously invested approximately $2.3 billion in Afghanistan’s mining projects, including iron ore extraction.