Newmont (NYSE:NEM) Interested in Developing Afghanistan Mines

Newmont Mining Corp. (NYSE:NEM) has reportedly shown an interest in developing mines in Afghanistan, according to the Minister of Mines Wahidullah Shahrani in a Bloomberg interview.

“They also expressed their interest in coming and investing in the gold mines of Afghanistan,” Shahrani said. “Since then, there has been some communication on getting some information from the government of Afghanistan.”

The troubled country is attempting to generate interest in the development of their mineral resources to produce jobs and revenue. In about five years Sharani expects to generate revenue up to $1.2 billion annually, and over a ten to fifteen year period, increase that to $3 billion to $3.5 billion.

That includes all its mineral resources, not only gold.