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Vast mineral deposits found in Afghanistan

Canadian Content
20680news upnews down

Vast mineral deposits found in Afghanistan


Business | 206804 hits | Jun 14 6:04 am | Posted by: commanderkai
9 Comment

WASHINGTON - The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to sen

Comments

  1. by avatar Guy_Fawkes
    Mon Jun 14, 2010 1:31 pm
    Ah, let the foiling begin!!!

  2. by Regina  Gold Member
    Mon Jun 14, 2010 1:35 pm
    Hopefully it will replace the poppy crops.

  3. by avatar Guy_Fawkes
    Mon Jun 14, 2010 1:43 pm
    Hopefully it wont turn the country into more of a clusterfuck, the Taliban really wanted it when the land was basically worthless. Who knows what they will do now that cash is involved. You are also going to need vast amounts of cash to get the mining industry up and running, which means that NATO is going to be there for a while. Russia is probably going to try and get their fingers in the pie since they could refine the metals, and Im sure a host of other issues will crop up. That is of course this is true and not some joke news article.

  4. by avatar Newsbot
    Mon Jun 14, 2010 2:48 pm
    US discovers huge Afghan mineral wealth: report

    Posted By:
    2010-06-14 07:24:01

  5. by avatar Robair
    Mon Jun 14, 2010 2:48 pm
    China is developing them, isn't that a kick in the pants!
    You'd think the countries with soldiers there might get first crack?

  6. by avatar DrCaleb
    Mon Jun 14, 2010 3:44 pm
    "Robair" said
    China is developing them, isn't that a kick in the pants!
    You'd think the countries with soldiers there might get first crack?


    Companies promising the biggest 'fragrant grease' will be the ones given permits to develop resources. They didn't run for Government so they could pass on an opportunity to vote themselves wealth.

  7. by avatar Robair
    Mon Jun 14, 2010 5:01 pm
    That makes us the dummies. Greasing palms is a lot easier than fighting a war...

  8. by avatar Guy_Fawkes
    Mon Jun 14, 2010 6:14 pm
    I think the forcast is corruption, and lots of it.

  9. by DerbyX
    Mon Jun 14, 2010 6:19 pm
    Seems they have known about the mineral riches since the 70s but the limiting factor has been the cost to make it economically viable.

    The Pentagon is highlighting a new U.S. Geological Survey estimate that Afghanistan may be sitting on a trillion dollars’ worth of mineral wealth, the New York Times reports.

    “An internal Pentagon memo … states that Afghanistan could become the ‘Saudi Arabia of lithium,’ a key raw material in the manufacture of batteries for laptops and BlackBerrys,” the paper reports.

    “The vast scale of Afghanistan’s mineral wealth was discovered by a small team of Pentagon officials and American geologists,” the article continues. “The Afghan government and President Hamid Karzai were recently briefed, American officials said.”

    The paper goes on to quote Centcom commander Gen. David Petraeus: “There is stunning potential here. There are a lot of ifs, of course, but I think potentially it is hugely significant.”

    But veteran Afghan hands say the “discovery” of Afghanistan’s mineral wealth is hardly new. And some detect an echo of Petraeus’ effort to “put a little more time on the Washington clock” for the Afghanistan surge as he once described his public relations strategy to buy time in the U.S. for the Iraq surge. The Times report itself notes the Pentagon agreed to discuss the minerals discovery as a rare good news story amid many more disturbing reports coming from Afghanistan.

    “The ‘discovery’ of Afghanistan’s minerals will sound pretty silly to old timers,” one retired former senior U.S. official based in Afghanistan writes. “When I was living in Kabul in the early 1970’s the [U.S. government], the Russians, the World Bank, the UN and others were all highly focused on the wide range of Afghan mineral deposits. Cheap ways of moving the ore to ocean ports has always been the limiting factor.”

    “In my day we did a joint USG/Iranian study of a potential rail line from Afghanistan to several of the Iranian rail hubs," he continued. "This was predicated on mineral exploitation.”

    “In the early 70's the USG had an old FDR New-Deal planner/economist - Bob Nathan - working with the Afghan Ministry of Plans to work out a fifty year mineral exploitation program,” the former official said. “When the Russians came in they picked up Bob's plans and extended them. So this is anything but a ‘new discovery.’” (He provides this bibliography, circa 1980, on Afghan mineral assessments.)

    Indeed, the Times report notes that the latest U.S. Geological Survey drew from those earlier Russian geological surveys. “Armed with the old Russian charts, the United States Geological Survey began a series of aerial surveys of Afghanistan’s mineral resources in 2006, using advanced gravity and magnetic measuring equipment attached to an old Navy Orion P-3 aircraft that flew over about 70 percent of the country.”

    But other Washington Afghanistan watchers note that while the discovery may not be wholly new, it still presents an opportunity for Afghanistan's economic future, including how it might fund the Afghanistan security forces that NATO is currently trying to stand up and train. It is however an opportunity, they acknowledge, shadowed by the potential risks that have befallen other resource-rich countries as well as by all the logistical, economic and infrastructure complications of moving ore.

    Yes, there's probably an effort to get some good news out, one observer who declined to be quoted said. Does that mean it's not important? No.

    But another Washington Afghanistan hand, who said the U.S. Geological Survey findings were made known in Washington several months ago including by former Afghan finance minister Ashraf Ghani, said it could mean "Afghanistan looks more like Congo."

    "It makes security much less likely," he said. "I am not at all the least bit optimistic that the Afghan people themselves will see the benefit of this."

    "You can't strike a deal that makes everybody happy because the Chinese want their piece, the Russians want their piece, western companies too," he continued. "If there's something to get out of it, all the regional players will be coming in for a whole variety of reasons that can't all be squared."

    He read the minerals story as "the administration really needs something to staunch the feeling that 'let's just get the hell out,'" including after an earlier New York Times report this weekend alleged that Afghan President Hamid Karzai doubts NATO forces can defeat the Taliban. The portrayal in the report was vigorously denied by UN Ambassador Susan Rice on the Sunday news shows.

    Some including Ghani have been advocating the creation of a trust fund to distribute the income derived from Afghanistan's natural resources to benefit the population, the latter expert said.

    (Ghani, in Afghanistan, couldn't immediately be reached, but he mentioned a U.S. Geological Survey Afghan mineral assessment in this April 2009 Atlantic Council report: "First, the recent U.S. Geological Survey reveals Afghanistan to be rich in minerals, including copper and iron and precious and semi-precious stones. Mining-based development is thus a viable alternative to a drugbased economy.")

    "Unfortunately, one becomes a cynic after all these years and all these stories," an Afghan-American engaged in the country said of the news reports.

    "Maybe this is a reason to get the regional neighbors involved," the Afghan-American continued. "But the Chinese are not excited as they are having serious problem with Aynak copper mine."

    "My personal feeling is that all this hype is a distraction and misleading, as it builds up the expectations while we, the international community and the Afghanistan government, have come up short on meeting the basic needs of the country," he continued, citing justice/rule of law, security, irrigation, education and sustainable employment.

  10. by avatar GreenTiger
    Mon Jun 14, 2010 8:23 pm
    Well minerals would be an improvement over Heroin or Camel Shit.



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