Afghan 'geological reserves worth a trillion dollars'

Posted by Big Gav in afghanistan

AFP has a report on an ongoing USGS survey of Afghanistan's natural resources - Afghan 'geological reserves worth a trillion dollars'.

Afghanistan, one of the world's poorest countries, is sitting on mineral and petroleum reserves worth an estimated one trillion dollars, President Hamid Karzai said Sunday.

The war-ravaged nation could become one of the richest in the world if helped to tap its geological deposits, Karzai told reporters. "I have very good news for Afghans," Karzai said. "The initial figures we have obtained show that our mineral deposits are worth a thousand billion dollars -- not a thousand million dollars but a thousand billion," he said.

He based his assertion, he said, on a survey being carried out by the United States Geological Survey (USGS), due to be completed in "a couple of months". The USGS, the US government's scientific agency, has been working on the 17-million dollar survey for a number of years, Karzai said.

While Afghanistan is not renowned as a resource-rich country, it has a wide range of deposits, including copper, iron ore, gold and chromite, as well as natural gas, oil and precious and semi-precious stones.

2 comments

Ron, Kelly, Simon and Pia Sporseen says 4:03 AM

ahhh, now I see the reasoning for our government's 'surge'. Once again the so called War on Terror is used to terrorize Americans into profits for major energy corporations. Wonderful.

Big Gav says 8:07 AM

Well - its a bit vague about what's actually there - lets wait until the USGS report comes out.

There seem to have been plenty of other reasons for the invasion regardless - this would seem to be more of a potential side benefit.