The New York Times (see image and clips below) reported Sunday that US geologists have discovered nearly $1 trillion of untapped mineral deposits, including iron, copper, cobalt, gold, and lithium. While this is potentially much needed positive game-changing news for the Afghan economy, the NYT cites the cognizance of American officials fearing a ‘double-edged impact’ of the find, referring, for instance, to (1) the possibility of exacerbated instability as the Taliban may elevate its efforts to try and take control of the country, (2) a possible run-in with resource-hungry China, and (3) a lack of mining and basic overall infrastructure (including human capital in both government and industry) in Afghanistan necessary to exploit the deposits — creating the likelihood that meaningful proceeds from any finds are years, if not a decade or two, out. Nevertheless, should Afghanistan somehow manage to arrive at even a modest level of sustained stability, the wheels of commerce will begin to roll and hopefully bring days of ever more peace and prosperity to an impoverished, war-torn country.
clipped from www.nytimes.com

WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.

An internal Pentagon memo, for example, states that Afghanistan could become the “Saudi Arabia of lithium,” a key raw material in the manufacture of batteries for laptops and BlackBerrys.

While it could take many years to develop a mining industry, the potential is so great that officials and executives in the industry believe it could attract heavy investment even before mines are profitable, providing the possibility of jobs that could distract from generations of war.

“This will become the backbone of the Afghan economy,” said Jalil Jumriany, an adviser to the Afghan minister of mines.

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