Afghan Krystal Natural Resources President:
Sadat Mansoor Naderi.(see picture left)
 

Investors from the United States, Britain, Turkey and Indonesia are backing the project through a deal facilitated by JPMorgan Chase & Co , Naderi said, adding it was not yet known what the mine’s gold reserves were, but the firm intends to spend the next two years exploring the site.(20121004)
 

Integrity Watch Afghanistan survey findings of the Qara Zaghan Gold Mine show that The Afghan Krystal Natural Resources Company (AKNRC) breached their contract by extracting gold for profit while possessing only an exploration licence. Illegal Extraction was taking place at the time of the survey. According to the contract exploration activities should have ceased in July 2013. The survey found the Company to be in cooperation with two- men who conceal the illegally extracted gold and dispatch the raw material to another area for processing before being sold. Employees at the mine are unaware of the quantity of gold extracted or where it is being taken to.(20140727)

Background:
The Qara Zaghan Gold Mine is located in the Dushi district of Baghlan province in Afghanistan, Qara Zaghan Gold Mineral District (QZGMD) consists of four clusters of gold deposits scattered in 8 villages within the same district. Small-scale gold extraction has been carried out in Qara Zaghan for 2 to 3 decades. With the adoption of the Minerals and Hydrocarbon Laws (MHCL) of Afghanistan (2010), mineral activities were formalized by a local company by the name of Afghan Krystal Natural Resources Company that obtained a license for gold exploration (only) on January 10, 2011.