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mining of Afghanistan's mineral wealth. 7,123. A group of Chinese delegations have arrived in Afghanistan to explore nearly a trillion-dollar rare earth materials, reported Global Times. "Afghanistan in turn has what China most prizes: opportunities in infrastructure and industry building — areas in which China's capabilities are arguably unmatched — and access to $1 trillion in. China recognized Afghanistan as a strategic goal many years ago, given its huge natural resources, especially in minerals. According to a US geological survey report, the value of Afghanistan's mineral resources would run up to $1 trillion. The delegation includes top businessmen of China who rushed to the war-torn country on special visas and are conducting on-site inspections of potential lithium projects. In the wake of the U.S. withdrawal from Afghanistan, a popular narrative has emerged that paints the war-torn country as a geopolitical prize ripe for China to take. China has previously faced stiff obstacles to investment in Afghanistan. Afghan Mineral Wealth: A Double-Edged Sword By Wahidullah Azizi Much of Afghanistan's hope hangs on its natural resources, but only if they can be exploited in a way that benefits Afghans. Afghan security forces stand guard in the Zana Khan district of Afghanistan's Ghazni province in August 2013. Advertisement DISHU, HELMAND, AFGHANISTAN — Afghanistan's ragged mountains, stretching across most of the country, contain various precious stones and minerals worth a staggering estimated $1 trillion, making many Afghans dream of a brighter future. China's embassy in Kabul has reminded mining companies to be cautious about exploring potential investment sites in Afghanistan. However, miners who try to exploit the dormant riches face various problems. Over time, China would welcome opportunities to benefit from Afghanistan's rich mineral deposits and incorporate Afghanistan into its Belt and Road Initiative, but it likely has learned from America's experience that even modest expectations in Afghanistan must be tempered. A 2010 Pentagon report called Afghanistan the 'Saudi Arabia of Lithium'. 9 The United Nations It was announced this week that a Chinese. A group of Chinese delegations have arrived in Afghanistan to explore nearly a trillion-dollar rare earth materials, reported Global Times. While Afghanistan's mineral riches are often depicted as a way out of aid dependency, Afghan miners . Photo: AFP Afghanistan has vast mineral resources that have long attracted interest from outside countries, but a lack of infrastructure and political instability means they're unlikely to aid its economy now. In 2006, the United States discovered mineral reservoirs in . China is desperate to forge links with the Taliban in order to obtain Afghanistan's assets as quickly as possible. Aug 25, 2021. Afghanistan's metals and minerals can be transported directly to China via land, including through its $60 billion China-Pakistan Economic Corridor (CPEC), the most important economic corridor of the Belt and Road initiative (BRI). Beijing will hope to use this influence to encourage the Taliban to be attentive to China's security concerns. China's embassy in Afghanistan warned its companies and citizens not to "blindly" visit the country to inspect mineral resources, after reports of foreigners being detained without exploration permits. RBC Capital Markets Managing Director Helima Croft joins Closing Bell to discuss China's role in Afghanistan and the search for rare earth minerals in the re. Afghanistan's Ministry of Mines and Petroleum has "extremely strict" standards for issuing permits for prospecting for minerals, the embassy said, adding that companies and individuals . A Chinese mineral trader surnamed Peng, who started to export Afghan ore to China in 2018, agreed that there was risk attached to Chinese investment in mining projects. Written By Nikita Bishay Credits: AP China warns companies to get permits before 'blindly' visiting Afghanistan for minerals. Edited by: Reuters EMAIL THIS ARTICLE SAVE THIS . The Afghan government meanwhile pegs the value at as high . Published Thu, Dec 16 202111:41 PM EST Share Key Points China's embassy in Afghanistan warned its companies and citizens on Friday not to "blindly" visit the country to inspect mineral resources,. ET First Published . China is the world's top consumer of minerals and has invested in projects in many of the world's resource-rich countries, including Afghanistan. And while the end of most fighting after the Taliban's […] China is the world's top consumer of minerals and has invested in projects in many of the world's resource-rich countries, including Afghanistan. BEIJING: China's embassy in Afghanistan warned its companies and citizens on Friday not to "blindly" visit the country to inspect mineral resources, after reports of foreigners being . Besides mining minerals, China is also interested in extending its Belt and Road Initiative - a global infrastructure development project - into Afghanistan. China was already investing in some of . Register now for FREE unlimited access to Reuters . China, eyeing Afghanistan's minerals, bets on Taliban China eyes Afghanistan's $1 tn of minerals with risky bet on Taliban Leaders of the militant group have said they want good international . (Reporting by Dominique Patton; Editing by Ana . With hydrocarbon-rich Iran and Turkmenistan to its west, Afghanistan harbours around 1.6 billion barrels of crude oil, 16 . Afghanistan is rich in minerals, from gold, aluminum and iron ore, to the so-called rare earth metals . "China previously threatened to cut off its supply of rare earth elements to the United States in 2019, and . The China Metallurgical Group Corp., Jiangxi Copper Corporation, and Zijin Mining Group Company won a few years back a joint bid worth $3.5 billion for developing what has been touted to be the largest undeveloped copper field in the world - the Aynak copper field situated in the Logar province in central-east Afghanistan. China already maintains a military base on Tajik soil and the rapidly deteriorating situation in Afghanistan may force Beijing to commit to a more direct role in the region, including through the . China May Soon Try To Exploit Afghanistan's Rare Minerals Worth Up To $3 Trillion, Says US Afghanistan has some rare earth minerals including cerium, neodymium, lanthanum, gold, silver, aluminium, mercury, zinc, and lithium, and are worth millions. China's embassy in Afghanistan warned its companies and citizens not to "blindly" visit the country to inspect mineral resources, after reports of foreigners being detained without exploration permits. Access to Afghanistan's large mineral resources would further China's aspiration to become a global superpower, offering a long-term play for China's next economic/technological leap by 2030-40 in terms of next-generation electric vehicles, batteries, green tech and renewable infrastructure. The United States Geological Survey has concluded that Afghanistan may hold 60 million metric tons of copper, 2.2 billion tons of iron ore and 1.4 million tons of rare earth elements (REEs). And as the US looks to disentangle its clean energy supply chains from China, the world's top lithium producer, to have Afghanistan's minerals under Taliban control is a severe blow to . Western aid. China is the world's top consumer of minerals and has invested in projects in many of the world's resource-rich countries, including Afghanistan. DISHU, HELMAND, AFGHANISTAN — Afghanistan's ragged mountains, stretching across most of the country, contain various precious stones and minerals worth a staggering estimated $1 trillion, making many Afghans dream of a brighter future. The 30-year agreement between Afghanistan and China allows Metallurgical Group Corporation to access Mes Aynak, but the project has been stalled due to security concerns in the war-torn country. One of the Asian powerhouse's mining giants, the Metallurgical Corporation of China (MCC), already has a 30-year lease to mine copper in Afghanistan's barren Logar province. Third, Afghanistan is located in China's backyard, which raises questions about whether national security concerns influence investment decisions because overland delivery of energy and minerals to Right now, minerals generate just $1 billion in Afghanistan per year, according to Khan. . "Afghanistan in turn has what China prizes most: opportunities in infrastructure and industry building—areas in which China's capabilities are arguably unmatched—and access to $1 trillion in untapped mineral deposits, including critical industrial metals such as lithium, iron, copper and cobalt." One of the first nations to move to recognize the Taliban's legitimacy amid its takeover of Afghanistan was communist China . Economy China exploits instability to secure lucrative Afghan mineral contracts Fears abound over the looting of Afghan mineral resources by Chinese companies that are taking advantage of the country's economic crisis and the absence of a proper regulatory framework. Afghanistan's Ministry of Mines and Petroleum has "extremely strict" standards for issuing permits for prospecting for minerals, the embassy said, adding that companies and . Arguably, it has already begun to do so. This would allow China to begin, over time, to exploit Afghanistan's rich mineral deposits and incorporate Afghanistan into its Belt and Road Initiative (BRI). As the Taliban seize control of Afghanistan, they have inherited vast resources of precious metals. December 17, 2021. Afghanistan is estimated to have $1 trillion worth of minerals in its mountains and other parts of the country. Kabul faces a growing economic crisis, with prices of staples like flour and oil surging, pharmacies running short on drugs and ATMs depleted of cash. Afghanistan has over 1,400 mineral fields, containing barite, chromite, coal, copper, gold, iron ore, lead, natural gas, petroleum, precious and semi-precious stones, salt, sulfur, lithium . The Mes Aynak ore deposit is estimated to hold reserves worth $88B: the mining lease is China's largest investment in Afghanistan, and Afghanistan's largest foreign investment in the country's history. Non-fuel mineral resources based on a preliminary assessment in 2007. The delegation includes top businessmen of China who rushed to the war-torn country on special visas and are conducting on-site inspections of potential lithium projects. China has the technology, know-how, and capital to exploit Afghanistan's mineral resources and capitalize on its location, which could make it a transportation hub; concurrently, Beijing sees the risks of dealing with a country with corruption at all levels and with the further problems of primitive infrastructure, low education and expertise levels, potentially hostile neighbors . China has dominated the rare earths market globally and threatened to cut off supplies to the U.S. during the trade war in 2019. "Afghanistan has a wealth of mineral resources that is more likely to be developed under Chinese-Taliban cooperation than under the Western engagement there in the past," said Jane Nakano, a senior. "Afghanistan has a wealth of mineral resources that is more likely to be developed under Chinese-Taliban cooperation than under the Western engagement there in the past," said Jane Nakano, a senior. The Mes Aynak ore is supposed to be high grade, at 2.3% copper, at a time when the average purity of copper ore being mined is less than 1%. The Aynak mine contains one of the world's largest copper deposits. He estimates that 30% to 40% has been siphoned off by corruption, as well as by warlords and the Taliban,. While Afghanistan's mineral riches are often depicted as a way out of aid dependency, Afghan miners . Who can blame China. Minerals. Bold prediction….China whips out their 21st century playbook and offers to build infrastructure in Afghanistan for the new Taliban government in exchange for mineral rights they need to keep their machine running. BEIJING, Dec 17 (Reuters) - China's embassy in Afghanistan warned its companies and citizens on Friday not to "blindly" visit the country to inspect mineral resources, after reports of foreigners being detained without . It also lies beneath a historic Buddhist city said to date back to the Bronze Age. Mining. #1. Read more about China eyes $1 trn of minerals in Afghanistan with risky bet on Taliban on Business Standard. A report by Radio Free Europe, citing Taliban sources, estimated that the group made $464 million in income from mining in 2020. The Afghan government has already signed a 30-year, $3 billion contract with the China Metallurgical Group, a state-owned mining enterprise based in Beijing, to exploit the Mes Aynak copper . As the United States tries to end its presence in the war torn nation of Afghanistan, the Taliban has made swift advances and now has control over Kabul. There's a lot of money to be made. "The combined value of [Afghanistan's] minerals is estimated at between $1 trillion and $3 trillion. Almost 15 years after that survey, most of these mineral deposits remain unexploited as a result of the various problems which have overshadowed Afghanistan. And while the end of most fighting after the […] The Taliban is now sitting on minerals worth $1 trillion spread across Afghanistan. We have seen this before. China in particular has been eager to mine for these metals, which include ones that are critical to the modern supply chain, such as lithium, iron, copper and cobalt. China is the world's top consumer of minerals and has invested in projects in many of the world's resource-rich countries, including Afghanistan. Afghanistan's Ministry of Mines and Petroleum has "extremely strict" standards for issuing permits for prospecting for minerals, the embassy said, adding that companies and . These are resources that are of huge interest to countries like China. Afghan minerals and China. China seeks to extend critical minerals monopoly with help of Taliban. "Mr. President, ending America's dependence on the Chinese and the Taliban for minerals is a bipartisan issue that we should all be able to support," said Representative David McKinley (RW.Va.).

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