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Sadat Nader wins gold and copper mining venture

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MateenK View Drop Down
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    Posted: 06-Oct-2018 at 8:38pm
Sadat Nader wins gold and copper mining venture. 
Sadat Naderi, CEO & Chairman for SMN Investments

British mining venture signs exploration deal in Afghanistan

British mining venture signs exploration deal in Afghanistan

WASHINGTON (AP) — A company founded by a London-based banker signed agreements Friday with the government of Afghanistan to explore for gold and copper in the north of the country.
Centar Ltd. said it hopes to begin exploration in two sites next year and would within a year become one of the largest private-sector employers in the country.
Company officials held a signing ceremony at Afghanistan’s embassy in Washington with the country’s finance minister, Mohammad Humayon Qayoumi, and the minister of mines and petroleum, Nargis Nehan.
Centar said in announcing the deal that it would explore for copper in an area of about 190 square miles (500 square kilometers) known as Balkhab and for gold in an area about twice the size called Badakhshan. The British company was founded by Ian Hannam, a former chairman of capital markets at JP Morgan, and says it has investors from the U.S., Britain and several other nations.
Afghanistan is believed to have a largely untouched wealth of minerals and metals. But war and corruption have prevented the development of a modern mining industry and the country remains one of the world’s poorest counties.
Anti-corruption organization Global Witness said Afghan and civil society organizations have raised concerns about this project, including that a former government minister is a partner in the venture in an apparent violation of a law barring someone in that position from acquiring a mining concession within five years of leaving the post.
Sadat Mansoor Naderi, who served as minister of housing and development from 2015 until June of this year, is now president of Afghanistan Gold and Minerals, Centar’s local partner in the venture.
Centar CEO Bradley Barnett said the company obtained its concession in 2012, before Naderi became a minister, and has not violated the law. “That is the interpretation that we have and that everybody that we consulted has,” he said.



SMN Investments Receive Peace Through Commerce Award

US embassy in Kabul announced the eight individuals and organizations that will receive the International Trade Administration’s inaugural Peace through Commerce Medal Award.
SMN Investment chaired by Syed Sadat Mansoor Naderi is among the winners of the four international organizations.
The four international organizations among the 8 winners of the Peace Through Commerce Award include two private enterprises and 2 Chambers of Commerce from Afghanistn, Singapore, Japan and Romania.
The Peace through Commerce Medal dates back to the first Secretary of State, Thomas Jefferson, who commissioned the medal in 1790. Jefferson gifted the medal, formerly known as the Diplomatic Medal, to foreign diplomats who aided the Continental Congress during the American Revolution. The medal is most renowned for its inscription, To Peace and Commerce, centered along the top.
SMN Investments is a privately held group of companies with a major market presence across various economic sectors in Afghanistan since 2000.

SMN believes in the strength of strategic alliances with select multinationals, key local enterprises and the Afghan government. The Group is committed to re-invest in select sectors and vertical and horizontal integration to capture more of the value chains in which it operates.
SMN has pioneered the insurance industry in Afghanistan and is the first fully licensed private insurance company. The company has secured over $20 Billion in reinsurance commitments from the London market and recently delivered coverage for Aynak Copper Mine ($3.6b investment).


Sayed Sadat Mansoor Naderi (Dari: سید سعادت منصور نادری‎) is an Afghan politician and business person.
Sadat Mansoor Naderi was born in Kabul on 3 March 1977 to a spiritual family. His father Sayed Mansur Naderi is the religious leader of the Afghan Ismaili community.
Sadat Naderi’s early school years were spent in Afghanistan up to 6th grade. In 1988, at the age of twelve, he relocated to the UK to continue his academic path.
He attained his GCSE’s at Whitmore High School in Harrow near his home. He then went on to study a GNVQ Advance Diploma in Business and Finance at Harrow Weald College in London.
Sadat Naderi graduated with a First Class BA Honours Degree in International Business and Economics in 1999.
Two years after the fall of the Taliban, Sadat Naderi returned to his home country Afghanistan in 2003. He invested in different sectors such as fuel distribution, retail distribution, insurance, construction, mining and leasing.
Naderi established Sadaf Petroleum in 2005, whose core business activities involve supplying fuel to both the private and public sector. Company clients include the US Army, Afghan Army, Afghan National Police, telecom companies and embassies among others.
Noticing a huge gap in the market, in 2007 Naderi established Insurance Corporation of Afghanistan (ICA), which was to be the first privately owned insurance company in Afghanistan working closely with A+ rated syndicate Lloyd's of London.
In 2008, Naderi later set up the Finest Superstore which was soon to be a famous well-known brand in Kabul city. His vision was to bring high quality products to the middle and higher end market which became very popular among Afghans, as well as expatriates in Kabul.
Naderi’s family has a political background. His father, Sayed Mansur Naderi is the leader of the Afghan Ismaili sect and also a Member of Afghan Parliament. His younger sister Farkhunda Zahra Naderi , as well as his cousin, Dawood Naderi are also serving Afghan Parliamentarians.

Sayed Jafar Naderi, Sadat's elder brother was the Governor of Baghlan province in 1990s. He now serves as the security advisor for Abdul Rashid Dostum, First Vice for Afghan President Ashraf Ghani Ahmadzai.

Sadat Naderi was introduced as the nominee for the Minister of Labour and Social Affairs, but was later rejected by the Parliamentary Assembly due to his second citizenship status.

After renouncing his British citizenship later that month, Sadat Naderi was again introduced as the nominee for Minister of Urban Development and Housing by the Afghan President Ashraf Ghani Ahmadzai on March 21, 2015.

On April 18, 2015, Sadat Naderi was elected as the Minister of Urban Development and Housing. He obtained 202 votes of confidence out of 239 from the Afghan parliamentary assembly. This result has been the highest vote achieved by any Minister nominee since the Afghan nation’s 2004 constitution was adopted.

On April 22, 2015, Honourable Minister Sadat Naderi assumed Office.





Edited by MateenK - 12-Oct-2018 at 2:41am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MateenK Quote  Post ReplyReply Direct Link To This Post Posted: 07-Oct-2018 at 9:15pm
He is educated and young if  it's going to create thousands of jobs in Afghanistan why not him. 

Edited by MateenK - 12-Oct-2018 at 2:43am
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