Wotka World Wide

Monday, June 14, 2010

Finally some good news for Afghanistan:
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.

The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe.

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.

Considering Afghanistan's GDP is around $12 billion right now, if they can even get a few mines up and running, this could fundamentally transform the economy of the country. And provide jobs for a country with rampant poverty and unemployment. Keep your fingers crossed that they can get things moving, while still including the common man in the boom.

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