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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 8 sources · 6 days · First seen · Last updated
Afghanistan gold mining sector expansion
Overview
Following a ban on opium cultivation that has reduced poppy farming by 95% since 2021, the Taliban government is shifting Afghanistan’s economic focus toward the mining sector. To boost state revenue amid a lack of international aid, the government has issued hundreds of mining contracts under new legislation requiring Afghan ownership, though firms frequently partner with investors from China, Azerbaijan, and Uzbekistan. World Bank data indicates mining contracts have grown at an average annual rate of 25% to 30% since 2021.
In the northeastern Badakhshan province, a massive gold rush is occurring, particularly in the Shiwa area where an estimated 10,000 miners are active. This expansion has caused significant environmental and social disruption. Local residents report that mining activities have contaminated rivers, making water undrinkable, while dust and landscape changes have harmed agriculture and livestock grazing.
Entities
World Bank · Taliban · Badakhshan · China · United Nations
Timeline
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1 day ago
[BUSINESS] 2 sourcesAfghanistan shifts economic focus from opium to gold miningAfghanistan is pivoting from opium production to gold mining, with the sector growing 25% to 30% annually despite a deepening humanitarian crisis.
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6 days ago
[BUSINESS] 6 sourcesGold rush in Afghanistan's Badakhshan province impacts environment and economyA gold rush in Afghanistan's Badakhshan province is driving significant economic growth for the Taliban but causing severe environmental damage and disrupting local agriculture and water supplies.
Sources
arabnews.pk · arenapublica.com · eurasiantimes.com · information.tv5monde.com · ipreunion.com · lacronicabadajoz.com · lacronicadebadajoz.elperiodicoextremadura.com · thefrontierpost.com