Bank Of Baku

US finds mineral riches in Afghanistan

US finds mineral riches in Afghanistan
# 14 June 2010 11:24 (UTC +04:00)
Baku – APA-Economics. A team of U.S. geologists and Pentagon officials has discovered vast mineral wealth in Afghanistan, conceivably enough to turn the scarred and impoverished country into one of the world’s most lucrative mining centers, The New York Times reported

Americans discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, including iron, copper, cobalt, gold and critical industrial metals like lithium, according to the report. The Times quoted a Pentagon memo as saying Afghanistan could become the "Saudi Arabia of lithium," a key raw material in the manufacture of batteries for laptops and cell phones.

During a visit last month to Washington, Afghan President Hamid Karzai said his nation’s untapped mineral deposits could be even higher — perhaps as much as $3 trillion.
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