Afghanistan may have more than a trillion dollars worth of untapped mineral deposits, a spokesman for the ministry of mines has suggested.
The statement came after reports in the New York Times of the work of a team of Pentagon officials and US geologists.
They discovered large quantities of iron and copper as well as valuable deposits of lithium.
However, questions are being asked about the timing of the release of the latest information.
The BBC's Jill McGivering says that at a time of growing despair about Afghanistan and its government, the portrayal of the country as a potential goldmine could help to bolster international resolve and paint the country as a prize worth fighting for.
Lithium is an increasing vital resource, used in batteries for everything from mobile phones to laptops and key to the future of the electric car. Bolivia boasts the largest reserves.
'Trillion-dollar resources'
Ministry of mines spokesman Jawad Omar said he could not confirm the exact value of Afghanistan's mineral wealth but had no doubt it would have a very big impact on the country's development.
If exploited, Afghanistan would become self-sufficient, he said, and no longer need foreign aid.
President Hamid Karzai's spokesman, Waheed Omar, was quoted by news agency AP as saying: "The result of the survey ... has shown that Afghanistan has mineral resources worth $1 trillion.
"This is not an overall survey of all minerals in Afghanistan. Whatever has been found in this survey is worth $1tr."
The findings were made by the US Geological Survey under contract to the Afghan government, he said.
The New York Times cited an internal Pentagon memo which said Afghanistan could become "the Saudi Arabia of lithium".
There are already plans to exploit mineral wealth in Afghanistan with Chinese backing(the chinks again
) for a copper mine at Aynak in Logar province.
'Battle for influence'
It sounds like welcome news for a country which desperately needs development, our correspondent says.
But the discovery of mineral wealth will not provide an overnight solution.
It would take years to build a large-scale mining industry and unless there is peace, it will be hard for investors to guarantee security, our correspondent says.
With so much more to fight for, it may also make a peace deal harder to forge.
If Afghanistan's strategic value suddenly increases, so too might the battle for influence between regional giants India and China, and of course the United States, our correspondent adds.
BBC
---
It's all about the timing of this news, its disgusting.
The statement came after reports in the New York Times of the work of a team of Pentagon officials and US geologists.
They discovered large quantities of iron and copper as well as valuable deposits of lithium.
However, questions are being asked about the timing of the release of the latest information.
The BBC's Jill McGivering says that at a time of growing despair about Afghanistan and its government, the portrayal of the country as a potential goldmine could help to bolster international resolve and paint the country as a prize worth fighting for.
Lithium is an increasing vital resource, used in batteries for everything from mobile phones to laptops and key to the future of the electric car. Bolivia boasts the largest reserves.
'Trillion-dollar resources'
Ministry of mines spokesman Jawad Omar said he could not confirm the exact value of Afghanistan's mineral wealth but had no doubt it would have a very big impact on the country's development.
If exploited, Afghanistan would become self-sufficient, he said, and no longer need foreign aid.
President Hamid Karzai's spokesman, Waheed Omar, was quoted by news agency AP as saying: "The result of the survey ... has shown that Afghanistan has mineral resources worth $1 trillion.
"This is not an overall survey of all minerals in Afghanistan. Whatever has been found in this survey is worth $1tr."
The findings were made by the US Geological Survey under contract to the Afghan government, he said.
The New York Times cited an internal Pentagon memo which said Afghanistan could become "the Saudi Arabia of lithium".
There are already plans to exploit mineral wealth in Afghanistan with Chinese backing(the chinks again
) for a copper mine at Aynak in Logar province.'Battle for influence'
It sounds like welcome news for a country which desperately needs development, our correspondent says.
But the discovery of mineral wealth will not provide an overnight solution.
It would take years to build a large-scale mining industry and unless there is peace, it will be hard for investors to guarantee security, our correspondent says.
With so much more to fight for, it may also make a peace deal harder to forge.
If Afghanistan's strategic value suddenly increases, so too might the battle for influence between regional giants India and China, and of course the United States, our correspondent adds.
BBC
---
It's all about the timing of this news, its disgusting.
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