Afghanistan picks preferred bidders for mining projects

Dec 07, 2012 | 12:03 PM | Andrea Hotter

Tags  Afghanistan, Balkhab, Shaida, Badakhshan, Chip Goodyear, Ian Hannam, Afghan Gold & Minerals, Afghan Minerals Group Turkish-Afghan Mining

NEW YORK — The government of Afghanistan has picked preferred bidders for three of its four current mineral tenders, including a company backed by former BHP Billiton Plc chief executive officer Chip Goodyear and a former JPMorgan Cazenove executive fined for alleged market abuse.

The country’s minister of mines said that Kabul-registered Afghan Gold & Minerals Co., Kabul-registered Turkish-Afghan Mining Co. and Dubai, United Arab Emirates-registered Afghan Minerals Group had been picked from a shortlist of 25 bidders to explore and begin to develop the Balkhab, Badakhshan and Shaida projects, respectively. ....

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