Last week the New York Times reported on a Pentagon study that found Afghanistan may have mineral resources worth $1 trillion. Apparently, some sources estimate the actual figure may be closer to $3 trillion. The story wasn't exactly news to mining industry insiders, but the coverage did get a lot more people talking. Mineweb (h/t Sanjuro) reports on the Afghan government's efforts to attract foreign investors to mining:
Many international mining firms are cautious over bidding on Afghan tenders and Jawad conceded it could be a tough sell.The irony of course, is that the United States far and away the biggest risk-taker in Afghanistan today. Whether Americans will emerge from the war the real winners remains to be seen. I think that the longer these kinds of open-ended military engagements drag on, the worse their odds look.
"We have had a hard time convincing U.S. companies, despite my personal hard lobbying to consider this. One has to be realistic," he added.
"Practically speaking, the two countries in our neighborhood -- China and India -- are in need of these resources and they may be more forthcoming ... Companies from developing countries are less risk averse," he said.