Showing posts with label Mining. Show all posts
Showing posts with label Mining. Show all posts

Monday, June 14, 2010

Bush: Genius? Visionary?

Mujahideen in Asmar, AfghanistanImage via Wikipedia
New York Times: U.S. Identifies Vast Riches of Minerals in Afghanistan: The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan ..... huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium ..... Afghanistan could become the “Saudi Arabia of lithium,” a key raw material in the manufacture of batteries for laptops and BlackBerrys. ..... could attract heavy investment even before mines are profitable, providing the possibility of jobs that could distract from generations of war. ..... Afghanistan’s gross domestic product is only about $12 billion. ........ charges of corruption and favoritism continue to plague the Karzai government, and Mr. Karzai seems increasingly embittered toward the White House. .... the newfound mineral wealth could lead the Taliban to battle even more fiercely to regain control of the country. ..... Just last year, Afghanistan’s minister of mines was accused by American officials of accepting a $30 million bribe to award China the rights to develop its copper mine. The minister has since been replaced. ..... officials fear resource-hungry China will try to dominate the development of Afghanistan’s mineral wealth ..... mineral deposits are scattered throughout the country ....... In 2004, American geologists, sent to Afghanistan as part of a broader reconstruction effort, stumbled across an intriguing series of old charts and data at the library of the Afghan Geological Survey in Kabul that hinted at major mineral deposits in the country. They soon learned that the data had been collected by Soviet mining experts during the Soviet occupation of Afghanistan in the 1980s, but cast aside when the Soviets withdrew in 1989. ...... using advanced gravity and magnetic measuring equipment attached to an old Navy Orion P-3 aircraft that flew over about 70 percent of the country. ...... the most comprehensive geologic survey of Afghanistan ever conducted. ..... iron and copper, and the quantities are large enough to make Afghanistan a major world producer of both
Bush spent over a trillion dollars for his wars. Is this news the guy getting validation after all? The Afghans were just sitting on top of it, and did not even know it.
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