Monday, June 14, 2010

US discovers huge Afghan mineral wealth: report

Afghanistan has nearly one trillion dollars in mineral deposits, according to a US study, but there are doubts the war-torn and graft-prone country can manage the windfall offered by the untapped riches.

President Hamid Karzai said in January that the deposits could help the war-ravaged nation become one of the richest in the world, based on preliminary findings of the United States Geological Survey.

The final results, reported in the New York Times Monday, found previously unknown reserves of lithium, iron, gold, niobium, cobalt and other minerals that the paper said could transform Afghanistan into a global mining hub. (more)

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