Development of Emerald Mines at Shamozai in District Swat
Precious and semi-precious gemstones have been identified among the key endowments of Khyber Pakhtunkhwa province, but have thus far been untapped in terms of a multi-pronged strategy addressing a viable value chain.
Emerald is amongst the top three precious gemstones alongwith diamond and ruby. Though it is found in other colours too however green color is most fascinating and demand. The exploration and development of these reserves provide an excellent opportunity for the investors due to its excellent quality and demand in the international markets. The emeralds found in this belt are famous for their brilliant medium to deep green colour and unique transparency, comparable to the finest Colombian emeralds.
According to Geological reports available with Minerals Development Department the area has reserves of 15.88 million carats which is worth million of dollars in the international market. Shamozai area. Swat has good roads network and its conducive environmental conditions make the proposal more attractive. Cheap labour is another added advantage both for exploring, processing and value addition. The area is worldwide known for emerald mining in the name of Swat emerald. Though geographic position is strategic as it connects the famous Silk Route with the trade route between South Asia and Central Asia.
The Minerals Sector is governed through Khyber Pakhtunkhwa Minerals Policy-2014. The relevant laws & regulations are updated according to International Standards.
All types of mineral testing facilities are available in testing laboratories in Peshawar.
Khyber Pakhtunkhwa Board of Investment and Trade (KPBOIT) is there to facilitate investors against any regulatory requirements.
A comprehensive investment incentives packages are available with KP Economic Zone Development Management Company.
The provincial government is committed to be the partner of investor by providing all the basic infrastructure so journey of development continues with no hindrances.
The Government of Khyber Pakhtunkhwa is committed to provide competent workforce in every sector, including mine and mineral in coordination with the investors.
The investors friendly security situation is already prevailing in the province.
The entire sector is supported by the inspector of mines would address issues related to occupational hazards and ensure safety of workers.
The transportation in the private sector at the competitive rates is locally available. Moreover the machinery for excavation, etc. can be acquired on rent.
The services of several state owned and private sector insurance companies can be availed.