Afghanistan's resources could make it the richest mining region on earth

Afghanistan, often dismissed in the West as an impoverished and failed state, is sitting on $1 trillion of untapped minerals, according to new calculations from surveys conducted jointly by the Pentagon and the US Geological Survey.

The sheer size of the deposits – including copper, gold, iron and cobalt as well as vast amounts of lithium, a key component in batteries of Western lifestyle staples such as laptops and BlackBerrys – holds out the possibility that Afghanistan, ravaged by decades of conflict, might become one of the most important and lucrative centres of mining in the world.

In Washington, Pentagon spokesman Colonel David Lapan, told reporters that the economic value of the deposits may be even higher. "There's ... an indication that even the £1 trn figure underestimates what the true potential might be," he said.

According to a Pentagon memo, seen by The New York Times, Afghanistan could become the "Saudi Arabia of lithium", with one location in Ghazni province showing the potential to compete with Bolivia, which, until now, held half the known world reserves. - Afghanistan's resources could make it the richest mining region on ...‎

The geologist's view: It could be a gold mine, but not for a long time