KABUL (Pajhwok): The Ministry of Mines and Petroleum has announced to decrease royalty on one tonne of coal by $5 and custom duty by $15 keeping considering the global market price and facilitating investors and local traders.
The Ministry on its Twitter handle wrote: “The decision has been taken in line with the direction of the Economic Affairs Administration and a joint decision by the mining, finance and commerce ministry.”
The source did not say when the decision would be enforced.
The development comes after 64 percent decline in the coal price at global market and 80 percent decline in Afghanistan.
Earlier, some coal mining investors in Afghanistan complained against high custom duty and royalty on coal mining at a time when its rate globally declined by 80 percent.
Nasratullah, a coal mine owner in the Dara-i-Suf’s Shabashak area, had said few months earlier one tonne of coal was sold against 5,500 afs in this area and 6,000 afs in Qarmaqul area but currently one tonne was sold against 900 afs or 1,300 afs.
He said this comes that one tonne of coal was accounted 1,800 to the owner who at the moment suffered up to 900 loss considering the quality of the coal.
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