Afghanistan Welcomes Bids for Mines

By Angela H. -

Afghanistan has opened bids for copper and gold deposits worth billions of dollars in Badakhshan, Ghazni, and Heart provinces as well as an area that spans the Baulkh and Sar-e-Pul providences. The country plans to sell the right for up to five mines every year until 2014. Officials hope the revenue generated from mining will help rebuild the country. Copper mining could potentially generate four to five thousand jobs in Afghanistan.

Afghanistan poses vast deposits of iron, copper, cobalt, gold, and other rare minerals. Having few exports, the revenue from mining is needed. The US Defenese Department estimates the mineral reserves as being worth one trillion dollars, whereas Afghanistan claims them to worth at least three trillion dollars.

Source : http://www.businessspectator.com.au/bs.nsf/Article/Afghanistan-opens-bids-for-massive-mines-PAVDJ?opendocument&src=rss

Reliability: 8

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