The Kabul Tribune (KT) — The Taliban’s Ministry of Mines and Petroleum said a 30-year contract for a polymetal mine in northern Faryab province has been signed, involving an investment of more than $24 million and expected to create jobs for around 130 people.
According to a statement, the agreement was signed on May 3, 2026, in the “Seh Ko” area of Kohistan district. The contract was concluded between Taliban Minister of Mines and Petroleum Hedayatullah Badri and a private firm identified as Abu Saeed Mining Extraction Company.
The ministry said the project covers an area of 1.12 square kilometers and will involve an estimated investment of $24.332 million.
Officials noted that the contract is valid for 30 years, with the condition that the company must carry out operations in accordance with Afghanistan’s mining laws, procedures and agreed commitments.
The statement added that the implementation of the project is expected to provide employment opportunities for approximately 130 Afghan workers.
The royalty rate for the mine has been set at 16% of net gold output, the ministry said.
