X

US Finds $1T Worth of Minerals in Afghanistan

Iron, copper, gold, and lithium identified
Vast New Mineral Deposits Found In Afghanistan
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)

(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.

story continues below

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. (Read more Afghanistan stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X