Qatar miners eye Afghanistan - report

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(Image for illustrative purposes)

(Image for illustrative purposes)

Qatar mining companies are eyeing new business in Afghanistan, with the country sitting on US$3 trillion of underground resources, it was reported.

According to Doha-based Gulf Times, Afghanistan is hoping to attract more Qatari firms to invest in deposits of of copper, iron, gold, lithium and gas.

The more than ten-year war in Afghanistan made the country highly dependent on foreign financial aid.

The International Monetary Fund projected the country's economy to grow 5.2 percent in 2012, with this to rise to 6.5 percent for 2013.

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Posted by: Telcoguy

@Thomas, you may be well meaning but surely you are naive about the impact of extractive industries in countries with poor social and political structures (Afghanistan being a text book example of that, methinks)
Mining is mostly a capital intensive industry, money will flow in to Kabul and from there it will get redistributed to those with the proper connections and at best those who can blackmail the government (ie warlords in the region) with stopping the operation
The only thing that the local population will get from this are all the externalities (pollution, loss of farming land if any,...) and very few (if any) low-level jobs
It has taken almost 100 years to bring some level of accountability to oil and mining western companies, and truthfully their record while improved is still lacking. Hard to believe that this will be a shining example of bribe-free, accountable, operation
Think Delta region in Nigeria and you can get a (rosy) picture of what will most likely happen

Posted by: Thomas E.

Hopefully these mining projects can get started, and money begin to flow in, soon enough before more instability can wreck the country again, once international forces leave the country. These minerals the country has have potential to bring in some serious wealth into the country, so hopefully it's stable enough in the future to take proper advantage of it.

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