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Afghanistan Sitting on US$1 Trillion of Natural Resources

The image of Afghanistan as a poor under developed country may soon need a change as Pentagon geologists have placed the value of mineral deposits in the country at an estimated US$1 trillion.

Large deposits of precious minerals like iron, copper and gold are scattered in areas which are under Taleban control. This is what makes it difficult to extricate and officials in the military feel that it would take a long time for the new found mineral resources to translate into actual wealth for the nation.

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This news comes as a welcome shot in the arm as Afghanistan is looking to increase foreign investment and reduce the opium trade. The presence of lithium in salt lakes in Ghanzni, useful as raw material in manufacturing batteries for cell phone and laptops is a major plus.

Developing the mining industry and infrastructure in the country is what will be the challenge for the next few years. The security issues are what seem to be keeping major international companies at bay.

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.


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