US Finds $1T Worth of Minerals in Afghanistan

Iron, copper, gold, and lithium identified

By Guvner,  Newser User

Posted Jun 14, 2010 1:06 AM CDT | Promoted on Newser Jun 14, 2010 5:54 AM CDT

(User Submitted) – Vast deposits of iron, copper, gold, and lithium have been discovered throughout Afghanistan by US geologists, a find estimated to be worth $1 trillion. The discovery of such huge natural resources could turn Afghanistan into one of the world's most important mining centers—and could have a profound impact on a country whose economy is based largely on illicit opium production and foreign aid, reports the New York Times.

Afghanistan, a country with no mining industry or infrastructure, could become the “Saudi Arabia of lithium,” according to a Pentagon memo, and international competition for mining rights was strong even before the discovery was announced: China is seen as a major player and is accused of making a $30 million bribe to obtain contracts last year. The potential wealth could also prove a powerful incentive for the Taliban to continue fighting for regional control. Read the full article.

This April 2007 photo shows a delegation from the state-owned China Metallurgical Group Corporation, visiting the site of a copper mine in Aynak, a former al-Qaida stronghold southeast of Kabul.
This April 2007 photo shows a delegation from the state-owned China Metallurgical Group Corporation, visiting the site of a copper mine in Aynak, a former al-Qaida stronghold southeast of Kabul.   (AP Photo/James R. Yeager)
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