. Military Space News .




.
TRADE WARS
Afghanistan paves way for mining
by Staff Writers
Kabul, Afghanistan (UPI) Dec 19, 2011


Afghanistan has indicated it is seeking Australia's involvement in tapping into the Asian country's massive mining potential.

In an interview with the Australian Broadcasting Corporation, Afghanistan's ambassador to Australia Nasir Andisha said he's planning exploratory meetings to check "if there is a possibility of getting major companies interested," mentioning Australian mining giants BHP Billiton, Rio Tinto and "others."

That follows advertising placed by the Islamic Republic of Afghanistan in major Australian newspapers earlier this month for "expressions of interest" as Kabul formerly opened a tender process for four large copper and gold concessions.

U.S. defense officials estimated in 2010 that there could be as much as $1 trillion worth of iron, copper, cobalt, gold and lithium in Afghanistan.

Afghan President Hamid Karzi, speaking this month at an international conference in Germany regarding the future of Afghanistan, said his government is working hard to exploit its mineral resources for "long-term growth and prosperity."

Afghanistan Minister of Mines Wahidullah Shahrani predicts that mining would account for 25 percent of Afghanistan's gross domestic product by 2016 and 45 percent by 2024.

Downplaying concerns of violence in the country, Shahrani told The Australian newspaper, "Most of these deposits are located in relatively secure areas of the country, and Afghanistan has committed to provide the necessary security."

He added that the tender process would be carried out in a "very clean and transparent way."

Also up for tender, says Shahrani: "a huge oil basin" in March 2012 followed by "a big gas field on the border of Turkmenistan" and "another huge iron ore deposit" near Hajigak, the Financial Times reports.

"These tenders will help us move forward toward self-sufficiency," the minister said. "We know what the contribution of oil, gas, and minerals should be to our GDP, given that we are a country heavily dependent on international aid, which is not sustainable."

Last month, a consortium of Indian mining companies secured rights to Afghanistan's massive Hajigak iron ore deposit and in 2007 state-backed Chinese Metallurgical Group Corp. won the rights to one of the largest copper deposits, at Mes Aynak, near Kabul.

Even at this early stage, Kabul's manner of awarding mining rights is being questioned.

Alexander Benard, managing director of Washington investment advisory firm Gryphon Capital Partners, said that China had been well positioned to win the Mes Aynak tender because with state backing it could offer much higher mining royalties.

But Andisha, the Afghan ambassador, maintains that Kabul has "a policy of balance" and aims to attract investors from all over the world.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Peru lifts state of emergency in mining dispute
Lima (AFP) Dec 16, 2011
Peru's government Friday lifted a state of emergency declared early this month in a region where a mining project had sparked violent protests, and scheduled talks for next week over the development. Authorities had declared the emergency December 4, originally set for two months, after an 11-day worker strike over adverse environmental impacts that many in the region fear will result from a ... read more


TRADE WARS
Iran rejects missile shield threat against Turkey: FM

Air Force and Lockheed Martin Complete Environmental Testing of Missile Warning Satellite

Lockheed Martin Submits Aegis Combat System Engineering Agent Proposal To Navy

Boeing Submits Proposal for US Navy Aegis CSEA Contract

TRADE WARS
S. Korea unveils interceptor missile

Missile on schedule for 2018 deployment

Raytheon Awarded Contract for NASAMS High-Mobility Launchers for Norway

5,000 surface-to-air missiles secured in Libya: US

TRADE WARS
Republicans mock Obama on lost drone

Companies pair for UAV business

Aerostat system detects cruise missiles and supports engagement

We will reverse-engineer US drone: top Iranian MP

TRADE WARS
Satellite Tracking Specialist, Track24, wins Canadian Government Contract

Airman brings space to ground forces

Astrium achieves Initial System Acceptance on Yahsat programme

Northrop Grumman Awarded Microscale Power Conversion Contract

TRADE WARS
Northrop Grumman's Joint STARS Takes to the Sky With New Engines

France pitching Brazil to save Rafale jet

Raytheon SDB 2 Flight Test Keeps Program Ahead of Schedule

New Jammer Power System Passes Technology Readiness Tests

TRADE WARS
Britain needs to axe 700 senior defence posts: report

Australia: 3 more projects back on track

Iraq, buying American, gets nod for F-16s

Grim picture for European defense spending

TRADE WARS
US Senate confirms Obama envoy to Russia

US climate envoy upbeat on China relations

U.S. renews diplomatic links in S. America

Outside View: Who Dares Wins II!

TRADE WARS
Rheinmetall demonstrates laser weapons

LockMart Directed Energy Leader Receives Purdue's Outstanding Aerospace Engineer Award


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement