2023-09-01 16:51:08
Kabul: The Taliban government claims to have signed a $6.5 billion mining deal in Afghanistan. The government has signed seven mining contracts. This is the biggest deal in more than two years since Afghanistan took power.
The Taliban have contracted with local companies. These companies also have ties with partners in China, Iran and Turkey. They process and extract iron ore, zinc and gold in the provinces of Herat, Ghor, Logar and Takhar.
Abdul Ghani Baradar Akhund, Minister of Economic Affairs in the Taliban government, gave some hints regarding the details of the agreement. He said that this will create thousands of jobs in the country and the economic condition of Afghanistan will improve further.
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“Taliban knows Afghanistan has minerals. This is a great asset. But money can’t be reaped so quickly. Mining is very hard work. It needs a proper framework, strategy and infrastructure,” said Javed Noorani, an expert in the mining sector.
After seizing power in Afghanistan, the Taliban sought foreign investment to revive the economy. The previous Afghan government received 80 percent of its budget from the international community. That financial source is now completely closed.
Like Afghanistan’s previous government, the Taliban are banking on the country’s vast mineral wealth. Afghanistan’s Logar province, which is believed to have the world’s largest copper deposits, bolsters this prospect.
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In the impoverished country of Afghanistan, there were reports of minerals worth a trillion dollars (Rs 1 lakh crore) hidden away. After the Taliban took over the country in 2021, Afghanistan was almost completely destroyed. However, US military officials and geologists have revealed that the country has mineral deposits worth nearly a trillion dollars, including the world’s largest lithium deposit. Apart from lithium, Afghanistan also has iron, copper, gold and other rare minerals. Experts say it will change the face of the country, which is struggling to recover from the financial crisis.
When America invaded Afghanistan two decades ago, there were no Teslas, no iPhones, no artificial intelligence. At that time, modern technologies were not so advanced and electric vehicles were not even imagined by many.
But then the situation changed. Electric vehicles are becoming more and more popular. From electronic devices to batteries used in electric vehicles, lithium will be needed in large quantities in the future. According to the International Energy Agency, the demand for lithium will increase 40 times in 2040 compared to 2020.
According to Guillem Pitron, author of the book ‘The Rare Metals War’, Afghanistan has huge reserves of lithium. US officials have described Afghanistan as the ‘Saudi Arabia of the world’ in terms of lithium reserves. According to a New York Times report, the country has large deposits of iron, copper, cobalt and gold, and this stockpile might turn this impoverished country into one of the world’s most important mining centers.
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