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Afghanistan gears up to award contracts for vast iron ore deposits in peaceful province
Afghanistan is gearing up to award contracts to mine one the world's largest iron ore deposits buried in a peaceful province of the nation that has at least $3 trillion in untapped minerals, the country's top mining official said Thursday.Geologists have known for decades about Afghanistan's vast deposits of iron, copper, cobalt, gold and other prized minerals, but a U.S. Department of Defense briefing earlier this week put a startling, nearly $1 trillion price tag on the reserves. Afghanistan's Minister of Mines Wahidullah Shahrani called that a conservative estimate. He said he's seen geological assessments and industry reports estimating the nation's mineral wealth at $3 trillion or more. Posted by: tipper 2010-06-17 |
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