The chaos may offer China -- which dominates the world market for rare earths, widely used in technology -- to step in to develop the mineral reserves.
The fall of Afghanistan to the Taliban has led to grave concerns about the safety of Afghan citizens and foreigners alike, but also raised questions about the future of the nation’s vast mineral reserves, once valued at as much as $3 trillion.
“People who understand exploration have long looked at Afghanistan with desire,” he told MarketWatch, adding that Afghanistan has routinely sent representatives to international mining conferences in the past 20 years to “give talks about the mineral endowment.” The country already has “an extensive, small-scale mining industry,” with countless mines pulling out gemstones and other mineral specimens, said King. However, “big mining is near non-existent.”
Still, among the candidates for mine development in Afghanistan long term is China, said King. Representatives from China have routinely visited and toured Afghanistan over the past two decades, so China likely has a “superb handle on mineral deposits.” “Afghanistan is a long-term play on the best of days and now that the Taliban have ‘won’, it’s more of a long-term play for Chinese interests,” he said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Taiwan escalates Afghanistan tiff with Beijing: 'China dreams of emulating the Taliban'The barb comes after a state-run paper in China suggested the U.S. withdrawal from Afghanistan was an 'omen' of Taiwan's fate.
Weiterlesen »
Afghan Women Face Uncertain Future After Taliban Takeover - What’s News - WSJ PodcastsP.M. Edition for Aug. 20. Women and girls are considered an especially vulnerable group in Afghanistan, now that the Taliban has assumed control. Foreign-affairs reporter Jessica Donati has been speaking with many of them this past week, and joins host Annmarie Fertoli to discuss their experiences and fears going forward.
Weiterlesen »
Afghan Ex-President Hamid Karzai Angles for National Role After Taliban TakeoverWith President Ashraf Ghani having fled the country following the Taliban’s takeover, his predecessor has sought to cast himself as a leader of the people.
Weiterlesen »
Former Afghan President Karzai meets with Taliban to discuss country's situation, futureKarzai served as Afghanistan's president from 2001 to 2014 and has expressed his goal to negotiate with the Taliban for the good of the country.
Weiterlesen »
Taliban fighters hunting blacklist of Afghan officials, US-trained forces: Private intel reportTaliban fighters are 'intensifying' their 'hunt-down' of Afghan officials, security forces and police, and punishing their families when they can't find them, according to a new private intelligence report obtained by ABC News.
Weiterlesen »
Taliban co-founder Baradar in Kabul for talks on new Afghan governmentWithin hours of his return, the Taliban announces that its rule would be 'different' this time and an official says the Taliban will be accountable for its actions and will investigate reports of reprisals and atrocities.
Weiterlesen »