Afghanistan mineral resources finding raised to $3 trillio

Many said Bush was stupid to go to war with a country which has no oil, nothing. They are WRONG! Bush is actually a smart leader. Despite his aggression around the world, his heart is all for America, he is deeply loyal, cares and works for his country interest (that’s how he got elected for second term), he secured oil supply for America through Iraq, too bad he must leave office after 8 yrs, else he will also secure this for America via Afghanistan: (Obama is a traitor who has been doing all he can all these while to weaken America, may he loses 2012 election)

U.S. discovers $1 trillion Afghan mineral deposits: report

*Anyway, $1 trillion = $1,000,000,000,000 / In comparison, GNP of Australia is $997.201 billion

(Reuters) Mon Jun 14, 2010 12:13am EDT - Afghanistan could be holding $1 trillion of untapped mineral deposits including critical industrial metals such as lithium, the New York Times reported, quoting U.S. government officials.

The previously unknown deposits of iron, copper, cobalt and gold are so huge that it could transform the impoverished nation into one of the world’s important mining centers, the report on the newspaper’s website said.

The mineral wealth, discovered by a team of Pentagon officials and U.S. geologists, is scattered throughout the country including in the south and east along the border with Pakistan, where the Taliban-led insurgency is the most intense.

“There is stunning potential here,” the newspaper quoted General David Petraeus, commander of the U.S. Central Command, as saying in an interview at the weekend. “There are lots of ifs, of course, but I think potentially it is hugely significant.”

An internal Pentagon memo said Afghanistan could become the "Saudi Arabia of lithium," the New York Times said. Lithium is a key raw material in the manufacture of batteries for laptops and other electronics such as mobile telephones.

Afghanistan does not have any mining industry or infrastructure, so it will take decades for the country to exploit its mineral wealth fully, the paper quoted U.S. officials as saying. (don’t worry, world mining corporations will flush in pretty soon)

The report about the country’s untapped wealth is likely to intensify competition among regional players such as China, India and even Russia for a greater role in exploiting those resources.

Two Chinese firms have committed themselves to a $4 billion investment in the vast Aynak copper mine, south of Kabul, the biggest non-military foreign investment so far in the country. (very fast eh?)

Another big contract to mine an estimated 1.8 billion tons of high-quality iron ore in the remote mountainous region of Hajigak is expected to open for international bidding this year.

Firms from India and China are eyeing the contract, which the Afghan mines ministry says is the largest unmined iron deposit in Asia.

According to the U.S. study, the biggest deposits discovered so far are of iron and copper and the quantities are large enough to make Afghanistan a major world producer.

Other finds include large deposits of niobium, a soft metal used in producing superconducting steel, rare earth elements and large gold deposits in Pashtun areas of southern Afghanistan.

$1 trillion is a lot of money and with such money comes greed and power. From what I can see, it is a curse for the people of Afganistan and the warloads will be on each others throats again to control the remote regions. Afganistan sure need investments to bring the country forward but how many of the investing companies or countries gives a hoot about how ordinary Afgans lives.

Dubya is not that dumb afterall. He knows where to place his bet.

i think we already know the results, don’t we? that parts of the world… :mrgreen:

saudi arabia’s current remaining oil and gas resources worth $25 trillion in total, did we see anything productive and useful out from that country? japan doesn’t have much resources, all gotta import, what again did we see from it? :wink:

waaaa…love bush muah muah!!! up up up bush!!! long live bush!! :mrgreen:

its all luck…

remember the US purchased alaska from russian empire in 1867 for… $0.023 per acre!

then alaska is found to have such a vast amount of oil (just for comparison purpose, alaska has more oil than brunei, malaysia & indonesia combined) russia must be grudging on that till today :mrgreen:

lets see how afghanistan will progress, though its obvious, judging from how corrupt afghan govt currently is, u wont see it becoming central asia switzerland anytime, or never.

up up up america…up up up bush…or obama!! yeah…there r really super hero…yeah!!!

watch michael moore Fahrenheit 9/11, u’ll know

halliburton connection

haliburton is dick cheney’s company, that guy is evil :mrgreen: a lot of people blamed bush but they forgot the vice-president dick cheney is the guy operating behind the scene all the time - he is the person behind invasion of iraq, torture of prisoners and persuaded bush to do many things in his presidency. cheney wanted an attack on iran but bush in his second term, was more concerned with public opinion and decided not to attack. cheney in his memoirs angrily lashed out at bush that he has gone ‘weak’ by listening ‘too much’ to public voices. … 03306.html

invasion of afghanistan is correct, the taliban had just destroyed the buddha statues, harboring osama, calling for destruction of russia, and nearly go to war with iran. the west, the east, the middle, the north all hated taliban afghanistan, its indeed ripe for attack.

invasion of iraq was a great mistake, we all know saddam was very corrupted and can be bought for the right price. the iraq war had costed the US $800 billion by now, you know, with just $20-$50 billion, saddam can be bought over and all iraqi oil would be americans, dont even need to fight. when baghdad fell, saddam quickly transported his wife & daughter to jordan, not only that, he ordered his men to ‘rob’ bank of iraq, carrying away $1 billion cash in 3 lorries. this kind of person cares not about the country, flash money and he’ll sell out everything

Not $1 trillion, but $3 trillion

Afghan mineral resources may worth larger than France GNP

KABUL, Afghanistan (AP) – Afghanistan is gearing up to award contracts to mine one the world’s largest iron ore deposits buried in a peaceful province of the war-torn nation that has at least $3 trillion in untapped minerals, the country’s top mining official said Thursday.

Geologists have known for decades about Afghanistan’s vast deposits of iron, copper, cobalt, gold and other prized minerals, but a U.S. Department of Defense briefing earlier this week put a startling, nearly $1 trillion price tag on the reserves.

Can Afghanistan goes from this…

to this…

Afghanistan’s Minister of Mines Wahidullah Shahrani called that a conservative estimate. He said he’s seen geological assessments and industry reports estimating the nation’s mineral wealth at $3 trillion or more.

For Afghanistan, a violent, landlocked country with virtually no exports, it is a potential windfall, although formidable obstacles remain including lack of investment, infrastructure and adequate security in most of the nation.

“The ministry has been working closely with the international organizations, including the World Bank, the U.S. Geological Survey and the international mining and finance community for some time to ensure all of the Afghan people benefit from our rich natural resources for decades to come,” he said.

Can Afghanistan becomes Arabia no.2? All gold?

Shahrani plans to travel to Britain next week to present 200 foreign businessmen with information about the estimated 2 billion tons of iron ore at Hajigak in Bamiyan province, where the Taliban and other insurgents have no significant presence. The project is to be bid on this fall with contracts awarded late this year or early next year, he said.

A. Rahman Ashraf, senior adviser to the minister of mines, said that during decades of conflict, an Afghan geologist safeguarded data about the mineral reserves at home. He said the geologist, who has died, gave the information back to the government in 2002 and that since then, it has been used to help make modern assessments of the deposits.

Shahrani said the Ministry of Mines and the U.S. Geological Survey had been sharing information for months.

“We were just waiting for the exchange of information from Washington to Kabul,” Shahrani said.

Shahrani added that the ministry recently completed a business plan to restructure, reform and modernize the ministry and improve oversight to international standards. He said those efforts coupled with new minerals and hydrocarbon laws will work to improve the transparency and efficiency of mining in the nation.

Still, without increased security and massive investment to mine and transport the minerals, it could take years for Afghanistan to bank the rewards. A rail line, for instance, is needed before any iron ore could be transported from Bamiyan. And there’s always the potential that such a discovery could bring unintended consequences, such as corruption and competition among nations for access to the resources.

In November, two U.S. officials familiar with intelligence reports alleged that Afghanistan’s former minister of mines, Mohammad Ibrahim Adel, accepted $20 million after a $3 billion contract to mine copper was awarded in late 2007 to China Metallurgical Group Corp. (corruption began already?) The former minister has denied having taken any bribes and said the contract went through all legal channels.

Aynak, a former al-Qaida stronghold 21 miles (35 kilometers) southeast of Kabul, is thought to hold one of the world’s largest unexploited copper reserves. Mining the copper could produce 4,000 to 5,000 Afghan jobs in the next five years and hundreds of millions of dollars a year to the government treasury, Shahrani said.

Craig Andrews, a lead mining specialist for the World Bank, said Aynak was expected to start producing copper within two to three years. Production of iron ore at Hajigak could begin in five to seven years, and possibly sooner, he said.

Andrews noted that studies show that every mining job creates five to 10 other jobs.

Can Afghan citizens make their country great?

“Clearly, these mines will have a huge economic stimulus effect on not only the national economy, but the region in which they are located in,” Andrews said. “I think when people have jobs and they have an income, they have a stake in the future and the future does not include insecurity. I think once the communities are anchored in an economy that gives them jobs money and income they would be less inclined to support the Taliban or other insurgent groups.”

Can Afghan society flourish the nation?

He said the government, however, must guard against raising the expectations of the Afghan public.

Otherwise, “people are going to go off and pick up a rock and think that they can go to the bank,” he said. “Unfortunately the business doesn’t operate that way. It takes a lot longer.”

the USA sure has shown a big interest.

if i’m a leader dedicated to the interest of my country, keeping other nations weak and corrupted should be my top priority.

thailand defended myanmar all these while against any international sanctions and criticisms, because myanmar produced 90% of world’s precious stones like rubies. most of these are sold to thailand at dirt-cheap bargains, and the thais resell to the world at exorbitant prices. all they need is to make some ‘tribute payment’ to the junta gov’t.

singapore keeps brunei’s most important aristocrats happy, by offering to ship their luxuries through singapore discreetly, and allow anonymous untrackable banking transfers through singaporean financial apparatus which no citizen of brunei can know. that include transferring half of state money to personal account and subsequent related spending. in return, most major government-linked contracts in brunei are awarded to singaporean companies.

its just how the world operates 8)

isn’t that what the usa is doing right now to afghanistan and iraq.

it applies to all nations who desire to progress, only with that comes demand for further resources, and of cos america is included.