The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to alter the Afghan economy and perhaps the Afghan war itself.The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world.Afghanistan could become the “Saudi Arabia of lithium,” a key raw material in the manufacture of batteries for laptops and BlackBerrys.This will become the backbone of the Afghan economy.the biggest mineral deposits discovered are of iron and copper, and the quantities are large enough to make Afghanistan a major world producer of both.

The newfound mineral wealth could lead the Taliban to battle even more fiercely to regain control of the country. The corruption that is already rampant in the Karzai government could also be amplified by the new wealth, particularly if a handful of well-connected oligarchs, some with personal ties to the president, gain control of the resources. last year, Afghanistan’s minister of mines was accused of accepting a $30 million bribe to award China the rights to develop its copper mine. The minister has been replaced.

At the same time, American officials fear resource-hungry China will try to dominate the development of Afghanistan’s mineral wealth, which could upset the United States, given its heavy investment in the region. After winning the bid for its Aynak copper mine in Logar Province, China clearly wants more.

The mineral deposits are scattered throughout the country, including in the southern and eastern regions along the border with Pakistan that have had some of the most intense combat in the American-led war against the Taliban insurgency.

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.

The data from these flights was so promising that in 2007, the geologists returned for an even more sophisticated study, using an old British bomber equipped with instruments that offered a three-dimensional profile of mineral deposits below the earth’s surface. It was the most comprehensive geologic survey of Afghanistan ever conducted.

American geologists working with the Pentagon team have been conducting ground surveys on dry salt lakes in western Afghanistan where they believe there are large deposits of lithium.Ghazni Province showed the potential for lithium deposits as large of those of Bolivia, which now has the world’s largest known lithium reserves.

dear bro, is it just a previliged information or u got it from any research report. if yes then i'll be very glad if you can provide me the link of the research report.

__________________
" God save me from my friends; I can take care of my enemies"

Waqas don't try to plagiarize or commit intellectual dishonesty. You better give the link/source for the article in order to give the credit to genuine writer.

Slazenger, I read this piece in NYc times this morning. Here you go,

http://www.nytimes.com/2010/06/14/wo...4minerals.html

@ Slazenger

its not from some kinda research report,basically its from some news site....


@Sheeraz S ...

first of all,you have to wait for my reply...i did't asked this article is mine and i am not taking credit of original writer....if anybody asks me about my source\link than i can give him\her that source and its not a big deal at least for me...kindly check out "Iran to escort next aid convoy to Gaza" in which i share my source's with Arbab.Danish and thanX bro

Taleban zone’s mineral riches may rival Saudi Arabia, says Pentagon
June 14, 2010

Afghanistan is sitting on mineral resources worth $1 trillion and could become one of the world’s most important mining centres, the Pentagon announced yesterday, as it tried to drum up foreign investment and wean the country off the opium trade.

A Pentagon memo predicted that the country could become the “Saudi Arabia of lithium” — a metal that is a key raw material in the manufacture of batteries for laptops and mobile phones.

The largest deposits have been uncovered in salt lakes in Ghazni province, eastern Afghanistan, where the Taleban retain a dominant presence. Many of the other mineral deposits are also in Taleban strongholds, presenting the coalition forces and any incoming global mining companies with security headaches.

US and Afghan officials acknowledge that it will take many years to develop a mining industry and in the present security climate international companies are likely to weigh up the risks before launching into an investment programme in a country still politically unstable and suffering from insurgency and corruption.

The Pentagon estimate was questioned by geologists and mining experts, who said that it was based on old and incomplete data and did not take into account security and infrastructure problems.

Two senior geologists working in Afghanistan also said that they were unaware of any proven deposits of lithium.

The announcement nonetheless throws a spotlight on probably the only legal industry with the potential to prop up the Afghan economy — worth only $12 billion last year — after Western troops and subsidies are withdrawn. The narcotics export trade in the country is estimated to be worth an annual $4 billion.

“I think it’s very, very big news for the people of Afghanistan,” Waheed Omar, a spokesman for President Karzai, told a news conference. “This is an economic interest that will benefit all Afghans and will benefit Afghanistan in the long run.”

The Pentagon memo appeared to be an effort to attract international interest in the mining sector before the auction of the Hajigak iron deposit, which could be worth $5 billion to $6 billion (£3.4 billion-£4 billion) in the next few weeks.

It coincided with a visit to India by Wahidullah Shahrani, the new Afghan Minister of Mines, to solicit bids for Hajigak after the cancellation of a planned tender last year because of a lack of international interest. Mr Shahrani was appointed with US backing in January after his predecessor was sacked for allegedly taking bribes from a Chinese mining company — a charge he denies. Mr Shahrani is due to visit Britain next week.

Afghan and Western officials are anxious for more companies to bid for Hajigak and other deposits to prevent China from gaining control over Afghanistan’s natural resources through bids subsidised heavily by Beijing.

A Pentagon spokesman admitted that the estimate was based principally on old data, which was gathered mainly by the Soviets during their occupation of Afghanistan from 1979-1989.

The British Geological Survey collated that data between 2003 and 2008, and the US Geological Survey carried out an aerial survey of Afghanistan in 2006 before publishing a report on its mineral resources in 2008.

“All the public information has been in the public domain for several years now,” the Pentagon spokesman told The Times. “We took a look at what we knew to be there, and asked what would it be worth now in terms of today’s dollars. The trillion dollar figure seemed to be newsworthy.” He said that the estimate was arrived at by a team of US officials from the Pentagon, the State Department and USAID working with experts from the US Geological Survey (USGS) over the past two to three years.

The team was overseen by Paul Brinkley, Deputy Under-Secretary of Defence for Business, who worked previously in Iraq trying to promote local business and attract foreign investment.

The Pentagon spokesman said he was certain that the estimate was based on proven reserves of minerals including gold, copper, iron, cobalt and lithium.

However, he could not confirm a report that the team had discovered lithium deposits in the province of Ghazni that could be as large as Bolivia’s.

Stephen Peters, the head of the USGS’s Afghanistan Minerals Project, said that he was unaware of USGS involvement in any new surveying for minerals in Afghanistan in the past two years. “We are not aware of any discoveries of lithium,” he said.

Another experienced geologist working in Afghanistan said that it would take at least three to five years to establish a proven deposit of lithium.

“They couldn’t have done a proper assessment. They might have taken a few samples and found some lithium, but that doesn’t mean anything,” he said.

He also dismissed a report that the US team had found proven deposits of niobium — another rare metal that is used in wind turbines.

“If these were proven reserves then all the big mining companies would be rushing in, which they are not,” he said.

Source:- Times UK

source:http://www.pkmirror.com/2010/06/14/t...says-pentagon/

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