CENTAR to Sign Contracts with the Government of the Islamic Republic of Afghanistan to Develop Significant Copper and Gold Deposits
WASHINGTON--(BUSINESS WIRE)--Oct 4, 2018--The Embassy of the Islamic Republic of Afghanistan and CENTAR Limited, the mining and exploration investment company, invites media to attend a press conference on Friday, Oct. 5, 2018, following the signing of contracts to develop two sites with potentially significant copper and gold deposits. Together, these contracts represent the largest mining exploration effort in the history of Afghanistan.
Within the first year of operation, the projects could be among the largest private sector employers and largest taxpayers in the country. If exploration results reveal feasible large-scale mining projects, they hold the potential of generating a combined economic impact in excess of $1 billion and creating nearly 13,000 jobs, most of which would be filled by training and employing Afghan workers.
CENTAR Limited is a U.S.-based mining and exploration company founded in 2010 by the late Polish business magnate, Jan Kulczyk, and City of London banker Ian Hannam. The company is Afghanistan’s leading independent mining company and was created by several prominent global business leaders including Chip Goodyear, the former CEO of BHP Billiton, Ian Hannam, the former chairman of capital markets of JP Morgan, Peter Hambro, one of the founders of UK-listed miner Petropavlovsk, and mining and oil investors from Turkey, Thailand, Indonesia, the U.S. and the UK. CENTAR’s technical management team hold in excess of 150 years of combined relevant experience and have extensive experience in resource exploration across Afghanistan including the Qara Zaghan gold project.
For more information and media requests, please contact Barney Gimbel, Finsbury, at Barney.Gimbel@finsbury.com or +1.646.805.2076.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005434/en/
Barney Gimbel, +1.646.805.2076
KEYWORD: UNITED KINGDOM UNITED STATES EUROPE ASIA PACIFIC NORTH AMERICA DISTRICT OF COLUMBIA AFGHANISTAN
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: CENTAR Limited
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PUB: 10/04/2018 09:40 AM/DISC: 10/04/2018 09:40 AM