Wednesday, February 20, 2008

Afghanistan sitting on a gold mine: minister

KABUL (AFP) - Afghanistan is sitting on a wealth of mineral reserves -- perhaps the richest in the region -- that offer hope for a country mired in poverty after decades of war, the mining minister says.

Significant deposits of copper, iron, gold, oil and gas, and coal -- as well as precious gems such as emeralds and rubies -- are largely untapped and still being mapped, Mohammad Ibrahim Adel told AFP.

Already in the pipeline is the exploitation of a massive copper deposit -- one of the biggest in the world -- about 30 kilometres (20 miles) east of Kabul. "There has not been such a big project in the history of Afghanistan," Adel said.

"It is estimated that the Aynak deposit has more than 11 million tonnes (of copper)," he said, citing 1960s surveys by the Soviet Union and a new study by the United States Geological Survey (USGS).

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