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Afghanistan invites India to invest in mining sector

India: Afghanistan has invited India to invest in the country’s mining industry, a country that is now estimated to hold nearly USD one trillion in untapped mineral deposits, as revealed by the US Pentagon to The New York Times.

Afghanistan’s minister of mines, Wahidullah Shahrani called on B K Handique, mines and development minister, Government of India, and invited India to invest in his country’s mining sector, particularly on iron ore, copper, gold and coal. They discussed possible cooperation between Geological Survey of India (GSI) and Afghan Geological Survey for capacity building of Afghan geoscientists in the field of mineral exploration, seismotectonics, geo-technical studies, remote sensing and other areas.

An internal Pentagon assessment says the huge mineral reserves contain lithium, a key industrial metal, stocks of which are large enough to turn the country into the ‘Saudi Arabia of lithium’. According to American geologists, the deposits, which include large veins of iron, copper, cobalt, gold and lithium are large enough to alter the shape of the Afghan economy.

He said that Afghanistan was organising a roadshow on iron ore in London on 25 June 2010, in which about 200 global companies including those from India have been invited to showcase mining exploration potential in Afghanistan.

Source: Press Information Bureau