Canadian Broadcasting Corporation (CBC) has officially announced today that Afghanistan has around $1 trillion worth of minerals. They have also said that a team of geologist working for Pentagon were surprised to know that. Furthermore, that also stated that it is not the first time that the study was done. Soviet Union also tried to do but they did not have enough time.
Now, I have a question for you guys.
Why did the U.S. spent tens or possibly hundreds of billions of dollars in the first place (Afghan war)? Did not they know about the minerals when they knew that Soviets explored as well?
'The Saudi Arabia of lithium,' report says
Last Updated: Monday, June 14, 2010 | 10:12 AM ET Comments177Recommend73
CBC News
The war-torn country of Afghanistan sits atop nearly $1 trillion US in valuable minerals, senior American military officials said Monday.
Afghan President Hamid Karzai says his country's mineral resources could be worth as much as $3 trillion. (Musadeq Sadeq/Associated Press)
According to a report in the New York Times on Monday, aerial surveys of the region as far back as 2006 have suggested the presence of multiple valuable minerals including iron, copper, cobalt and gold.
After initial aerial scans were ignored for several years, a Pentagon task force and private-sector U.S. mining experts have only recently confirmed the finds, the report said.
Metals with much more contemporary uses such as niobium and lithium have also been discovered. An internal military memo refers to Afghanistan as "the Saudi Arabia of lithium," the report said.
Lithium is a key metal used in next-generation batteries for mobile electronic devices.
After the discovery, U.S. geologists briefed American military officials, who have informed the Afghan government including President Hamid Karzai.
The news is being hailed for suggesting the potential to transform Afghanistan into one of the most important mining centres in the world.
U.S. estimates are closer to $1 trillion US, but at a May 13 event in the United States, Karzai called his country's untapped mineral deposits a "massive opportunity" that could be worth as much as $3 trillion. That would dwarf Afghanistan's domestic economy, currently worth some $12 billion US a year.
The deposits are still believed to be years away from commercial viability, but new investment could help develop the country and drag it from poverty.
However, there are also concerns the potential commercial bonanza could encourage the Taliban to dig in even further in their attempt to regain control of the country.
CBC News - Money - Afghan mineral wealth $1 trillion: report