Wednesday, July 07, 2010
Could Afghanistan be the world's quarry?
The Pentagon has announced that Afghanistan holds up to $1 trillion worth of untapped mineral deposits which could transform the $12 billion economy of the war-torn and poverty-stricken nation. It could however also be a negative according to U.S. officials. The deposits include huge amounts of iron, copper, gold, cobalt and other metals like lithium but observers caution that it remains to be seen what the effect will be. Officials are hopeful that mining will become the base of the Afghan economy, which is currently dependent on opium production and narcotics trafficking.
Some experts say the announcement is far too premature, because the actual recoverable amount could vary wildly from estimates and cannot be accessed whilst Afghanistan is a war zone. And while the mining possibilities could transform the Afghan economy, it also opens Afghanistan up to the possibility of abuse by giant corporations and an increased intensity in the Taliban's fight for control of the country and its resources. Pray that the mineral deposits in Afghanistan will eventually raise the standard of living and help stabilize the nation, not plunge it further into war.
Source: Intercessors for America