. Energy News .




.
TRADE WARS
Afghanistan paves way for mining
by Staff Writers
Kabul, Afghanistan (UPI) Dec 19, 2011


Afghanistan has indicated it is seeking Australia's involvement in tapping into the Asian country's massive mining potential.

In an interview with the Australian Broadcasting Corporation, Afghanistan's ambassador to Australia Nasir Andisha said he's planning exploratory meetings to check "if there is a possibility of getting major companies interested," mentioning Australian mining giants BHP Billiton, Rio Tinto and "others."

That follows advertising placed by the Islamic Republic of Afghanistan in major Australian newspapers earlier this month for "expressions of interest" as Kabul formerly opened a tender process for four large copper and gold concessions.

U.S. defense officials estimated in 2010 that there could be as much as $1 trillion worth of iron, copper, cobalt, gold and lithium in Afghanistan.

Afghan President Hamid Karzi, speaking this month at an international conference in Germany regarding the future of Afghanistan, said his government is working hard to exploit its mineral resources for "long-term growth and prosperity."

Afghanistan Minister of Mines Wahidullah Shahrani predicts that mining would account for 25 percent of Afghanistan's gross domestic product by 2016 and 45 percent by 2024.

Downplaying concerns of violence in the country, Shahrani told The Australian newspaper, "Most of these deposits are located in relatively secure areas of the country, and Afghanistan has committed to provide the necessary security."

He added that the tender process would be carried out in a "very clean and transparent way."

Also up for tender, says Shahrani: "a huge oil basin" in March 2012 followed by "a big gas field on the border of Turkmenistan" and "another huge iron ore deposit" near Hajigak, the Financial Times reports.

"These tenders will help us move forward toward self-sufficiency," the minister said. "We know what the contribution of oil, gas, and minerals should be to our GDP, given that we are a country heavily dependent on international aid, which is not sustainable."

Last month, a consortium of Indian mining companies secured rights to Afghanistan's massive Hajigak iron ore deposit and in 2007 state-backed Chinese Metallurgical Group Corp. won the rights to one of the largest copper deposits, at Mes Aynak, near Kabul.

Even at this early stage, Kabul's manner of awarding mining rights is being questioned.

Alexander Benard, managing director of Washington investment advisory firm Gryphon Capital Partners, said that China had been well positioned to win the Mes Aynak tender because with state backing it could offer much higher mining royalties.

But Andisha, the Afghan ambassador, maintains that Kabul has "a policy of balance" and aims to attract investors from all over the world.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Peru lifts state of emergency in mining dispute
Lima (AFP) Dec 16, 2011
Peru's government Friday lifted a state of emergency declared early this month in a region where a mining project had sparked violent protests, and scheduled talks for next week over the development. Authorities had declared the emergency December 4, originally set for two months, after an 11-day worker strike over adverse environmental impacts that many in the region fear will result from a ... read more


TRADE WARS
Brazil aims to shrink World Cup's carbon cleat-print

China orders nationwide emission cuts by 2015

Americans Bullish That Advanced Energy Can Solve Problems and Strengthen Economy

Quebec launches cap-and-trade program

TRADE WARS
EU: Low-carbon future no more costly

Algal protein gives boost to electrochemical water splitting

Worldwide Oil and Gas Industry 2012 Top 10 Predictions

Canada oil may go to China without US pipeline: PM

TRADE WARS
Iowa State engineers study how hills, nearby turbines affect wind energy production

More than twenty UK wind farm sites adopt Natural Power's ForeSite wind forecasting service

Lawrence Livermore ramps up wind energy research

Campbell Scientific selects ZephIR wind lidar technology for US wind market

TRADE WARS
Recurrent Energy Secures $250M Financing For 200MW of Solar PV Projects

Google turns up investment in solar power

Discovery of a 'dark state' could mean a brighter future for solar energy

Government 'strangling' homeowners' efforts to go solar

TRADE WARS
Romanian nuclear reactor stopped due to technical problem

Namibia uranium production falls 27.5% in 2011: reserve bank

Westinghouse and KEPCO Nuclear Fuel Joint Venture

Small reactors could figure into US energy future

TRADE WARS
Chemicals and biofuel from wood biomass

Turning Pig Manure into Oil Fosters Sustainability in a Crowded World

US Biofuel Camelina Production Set to Soar

Switchgrass as bioenergy feedstock

TRADE WARS
Tiangong-1 orbiter starts planned cabin checks against toxic gas

Two and a Half Men for Shenzhou

China honors its 'father' of space efforts

Philatelic Cover Reveals the secret names of second Taikonaut team

TRADE WARS
Quebec to start emission caps as Canada exits pact

Brazil hails Europe leadership in climate talks

Findings on Biochar, Greenhouse Gas Emissions and Ethylene

Canada provides aid to drought-stricken Afghanistan


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement