Will China's latest investment in Afghanistan actually work?
The previous government had hoped China would be a significant investor in Afghan extractive sectors, including copper, oil and gas, but very little materialised.
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Project to exploit Afghanistan's giant copper deposit …
About ten years ago, Chinese firms signed contracts to mine one of the world's largest untouched copper deposits here, in a sparsely populated part of Logar province that feels remote despite being only 40 kilometres south-east of Afghanistan's capital, Kabul. Mes Aynak, meaning small copper deposit in Dari, one of Afghanistan's …
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Afghanistan's Mineral Resources Are the Taliban's Cash Cow …
The Taliban are strip-mining their mineral wealth to fund factional power grabs. By Lynne O'Donnell, a columnist at Foreign Policy and an Australian journalist and author. Afghan miners work in ...
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Trove of EV metals in Afghanistan may boost Taliban and …
In 2007, Afghanistan granted a $3 billion, 30-year lease on the Mes Aynak copper mine to the state-owned China Metallurgical Group Corp., yet little work has been done so far.
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A Look at Afghanistan's Untapped Minerals, …
COPPER: A 2019 report by Afghanistan's Ministry of Mines and Petroleum put the country's copper resource at almost 30 million metric tons. An Afghan mining sector road map published by the ...
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Mes Aynak – Afghanistan – Sacred Land
Mining will also require forced relocation of seven villages around the Aynak Copper Mine, and devastate the watershed of Afghanistan. Mes Aynak has sparked international campaigns by Afghans, environmentalists, Buddhists, archaeologists and other supporters aiming to stop the destruction of this culturally and spiritually significant site.
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Afghanistan has chromite, lithium. The Taliban wants to …
Jawed Noorani, an Afghan mining expert, estimated that the Taliban was collecting more than $1 billion a year in taxes on minerals. Mansfield said the government has also doubled coal exports to ...
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Mes Aynak Copper Mining, Afghanistan
Located 40 km southeast of Kabul, in Logar Province, Mes Aynak is the world's second largest copper deposit discovered to this day. For the most part …
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Taliban says ok for China to develop huge Afghan copper mine
The prospective mine is located 40 kilometres southeast of Kabul, in a barren region of Logar Province. According to U.S estimates, Afghanistan could be sitting on mineral deposits worth $1 ...
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Ancient Afghan Buddhist city threatened by Chinese copper mine
The ruins, which cover 1,000 hectares, are perched high on a massive peak whose brown flanks betray the presence of copper. But in 2007 the Chinese mining giant Metallurgical Group Corporation ...
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Beijing moves to slow rush for Afghanistan's resources by …
An agreement with the Afghan government to develop the Aynak copper mine was signed in May 2008 by China Metallurgical Group Corporation and its investment consortium partner Jiangxi Copper ...
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Taliban Sell Afghanistan's Mines Despite Sanctions
Work under a $3 billion contract signed in 2007 between China Metallurgical Group Corp. and the Afghan government for copper mining has yet to commence, despite a 25-year time frame.
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Taliban and China firm agree Afghanistan oil extraction deal …
A Chinese state-owned company is also in talks over the operation of a copper mine in the east of the country. ... The Taliban's broken promises; Afghanistan is estimated to be sitting on natural ...
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Afghanistan has chromite, lithium. The Taliban wants to cash …
It's one of many mining operations here in the eastern Afghan province of Logar and across the country, which is believed to sit atop mineral deposits so vast that …
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As US exits Afghanistan, China eyes $1 trillion in minerals
U.S. officials estimated in 2010 that Afghanistan had $1 trillion of unexplored mineral deposits, and the Afghan government has said they're worth three times as much. They include vast reserves ...
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The Taliban are sitting on $1 trillion worth of minerals the …
Right now, minerals generate just $1 billion in Afghanistan per year, according to Khan. He estimates that 30% to 40% has been siphoned off by corruption, as well as by warlords and the Taliban ...
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Afghanistan's mighty copper reserves remain out of …
Mes Aynak, Afghanistan's most well-known copper project, means "small copper deposit" in Pashto. Indications suggest it is anything but. The deposit holds 240 million tonnes of 2.3% grade copper ore, according to the United States Geological Survey (USGS), making it one of the largest untapped high-grade projects in the world.
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Chinese mining company MCC to open office in Kabul
He said that mining at Mes Aynak in Logar province will begin soon. Mes Aynak site holds 11.08 million tonnes of copper, according to MCC estimates. A consortium of MCC and Jiangxi Copper took on a 30-year lease for Mes Aynak in 2008. However, due to the unstable situation in Afghanistan, the copper mine has not yet undergone …
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Mining in Afghanistan | Heinrich Böll Stiftung
Afghanistan is a country abundantly rich in natural resources. There are currently more than 1,400 mineral deposits that have been identified including energy minerals such as oil, gas and coal and other metallic and non-precious minerals such as lead, cement-grade limestone, gemstones, copper, iron, gold and salt.
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Mega Copper Deal in Afghanistan Fuels Rush to …
Afghan officials estimated that the mine would provide a $1.2 billion infusion into the country's fragile economy, dependent since 2002 on foreign assistance and now facing a seven-billion ...
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Reviving Commercial Development of Afghanistan's Aynak Copper …
While other, smaller mineral resources are being rampantly looted, Afghanistan's large Aynak copper deposit—worth upward $50 billion—has languished unexploited despite being contracted to a Chinese consortium nearly a decade ago. This Peace Brief seeks to understand what went wrong and explores options for breaking out …
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What are Afghanistan's untapped minerals and resources?
COPPER. A 2019 report by Afghanistan's Ministry of Mines and Petroleum put the country's copper resource at almost 30 million tonnes. An Afghan mining sector roadmap published by the ministry in the same year said there were another 28.5 million tonnes of copper in undiscovered porphyry deposits. That would bring the total close to …
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China's Jiangxi Copper to develop Afghanistan copper mine when
BEIJING, Sept 13 (Reuters) - China's Jiangxi Copper Co Ltd 600362.SS0358.HK said on Monday that it and the Metallurgical Corp of China (MCC) are monitoring the situation in Afghanistan and will ...
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Copper miners enjoy high profits, but …
Capital spend on copper projects is estimated to have been only $14.42 billion in 2022, based on Mine Economics' universe of coverage. There was an estimated 0.1% reduction year over year in …
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Mes Aynak | Ministry of Mines
Mes Aynak. Mes Aynak is a site 40 km southeast of Kabul, located in a barren region of Logar Province. The site contains the world's second largest copper deposit which looms as major revenue source for Afghanistan. The Aynak is also a vast complex of over twenty ruin locations, including numerous 5t h-6t h century Buddhist monasteries, as ...
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Taliban Press for Extraction of Copper Despite Worries …
Washington —. The Taliban government has been pressing for the extraction of copper from Afghanistan's Mes Aynak mine as an additional revenue source, but the mine is located at an ancient ...
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Taliban Hyping Huge Mining Deals, But Afghanistan …
Rigsby added that little is known about the foreign firms signing the recent contracts to extract copper, gold, lead, zinc, and iron from several Afghan provinces. …
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Afghanistan's mighty copper reserves remain out of reach, …
Mes Aynak, Afghanistan's most well-known copper project, means "small copper deposit" in Pashto. Indications suggest it is anything but. The deposit holds 240 …
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China, Afghanistan, and the Allure of 'Green Mineral …
Afghanistan has long been known for its wealth of mineral resources. The Ministry of Mines and Petroleum in Afghanistan estimates it may hold 60 million tons of copper, 2.2 billion tons of iron ore, 1.4 million tons of rare earth elements such as lanthanum, cerium and neodymium, and lodes of aluminum, gold, silver, zinc, mercury, …
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How Afghanistan's $1 trillion mining wealth sold the …
" 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 …
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