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Saturday, July 30, 2011

Pepe Escobar: The allure of Afghanistan- 'Asian powers jostle for position amid vast mineral reserves and strategic oil pipelines, while West keeps bombing'

from aljazeera.......

"Afghanistan is not often perceived as a mineral Holy Grail.

But, as it turns out, between $1-3 trillion in mineral wealth lies unexplored across the Hindu Kush. There's enough uranium, lithium, copper and iron ore to potentially turn Afghanistan into a commodities powerhouse.

The Pentagon knows all about it - how could it not? And the Russians have known about it since at least the 1970s, when they mapped out all the uranium riches of northern Afghanistan.

Washington may have complex geopolitical energy reasons to remain in Afghanistan - as explored in a previous Al Jazeera article that generated enormous reader response. 

For its part, Islamabad is still obsessed with viewing Afghanistan as a pliable satrap. But the going gets much juicier when one looks at key Eurasian players such as Russia, India and China and their own, non-Pentagonised reasons to come to this mineral Walhalla.


Business suits, not bombs
Early next month a crucial bidding war begins in Kabul. It concerns Hajigak, the world's biggest iron ore deposits, which are located in central Afghanistan (at least 1.8bn tons, according to a Soviet estimate made in the 1960s).

To the sound of much predictable Taliban grumbling, all 15 bidding companies are from India - including giants Tata Steel and JSW, the country's third-largest private steel company.

A stable, business-friendly Afghanistan is absolutely essential for India - a gateway to oil and gas from Iran, Central Asia and the Caspian. India is building power stations and strategic roads, such as the one linking Afghanistan with the Iranian port of Chahbahar.

Few may know it, but it's not only Africa that is the object of a fierce India-China business "war". Afghanistan is also a key chessboard. There are five types of minerals on the Afghan horizon - gold, copper, iron ore, and inevitably, oil and gas - and the Indians and the Chinese are all over them".............READ MORE

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