Afghan-American Chamber of Commerce: Mining and Natural Resources Working Group
Working Group Overview • Purpose – Support the AACC mission by supporting business and investment in key sectors
• Focus – Emerging market and Natural Resources within Afghanistan
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Strategic Afghanistan Natural Resource Update • USGS, BGS, AGS & Russians have confirmed Afghanistan’s natural resource wealth: – Minerals, Oil & Gas, Hydro/coal power – Infrastructure (Silk Road Initiative) • Positioned for profitable growth with expanded geographic reach • Major Chinese/Indian investment for infrastructure development
Areas of mining opportunities in Afghanistan with 7 world class deposits
• UK will be investing £10MM and Germany €69MM for natural resource opportunities • Mining law has yet to be established; negotiations should be finalized with 6090 days • New rail lines and infrastructure being established in the north Page 3
Current Afghanistan Mineral Tenders
Badakhshan: Turkish-Afghan Mining Turkish led • NE, stable and safe province • Mineral: Gold-world class deposit • Services: infrastructure, life support, power • JP Morgan has initially raised capital investments of $40MM for a nearby gold mine • High grade gold; placer/pit Balkhab: Afghan Gold and Minerals (Sadat Naderi) CENTAR • North, stable and safe province • Mineral: Copper- world class deposit Shaida: Afghan Minerals Group • West, stable and safe province; • Mineral: Copper Zarkashan: Sterling/Belhasa (UAE) • SE, stable and safe province • Mineral: Copper/Gold- world class deposit • Services: infrastructure, life support, road, rail, power, water • Close to infrastructure (Silk Road Initiative)
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Oil and Gas Basins of Afghanistan Three Proven Basins • Amu Darya was awarded to CNPCI (Chinese); in 2012: $100mm invested, 1,336 staff; 2/3D seismic have been est.; 2013: more 2/3D seismic, 10 Next tenders/ summer new wells and 1.72MMbbls to be 2013 produced
Chinese/Schlu mberger
• Afghan Tajik Tender will be awarded March 2013: Dragon Oil, Ghazanfar Group, Kuwait Energy and TPAO (Turkish) were the bidders • Kushka and Ankoy tenders to be released summer 2013; both in the NW areas which are predominantly safer • China: First Oil Production to begin – China National; Initial Production 25K Barrels increase to 40K by 2014 – First refinery start in 36 months
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Turkish/UA E
Future Actions • Review priorities for the natural resource working group • Review structure • Membership • 6-10 members • Skill set • Support overall AACC strategy • Quarterly meetings • Email distribution list • POCs • John Deyermond John.Deyermond@aecom.com • Benjamin Hamilton Benjamin.Hamilton@aecom.com
Thank you