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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World US discovers huge Afghan mineral wealth: report AFP - 1 hour 45 minutes ago Send IM Story Print US discovers huge Afghan mineral wealth: report Slideshow: Full Photo Coverage: Business & Economy WASHINGTON (AFP) - – US geologists have discovered nearly one trillion dollars' worth of untapped mineral deposits in Afghanistan, including vast reserves of copper and lithium, the New York Times reported Monday. The deposits, which also include huge veins of iron, gold, niobium and cobalt, are enough to turn the battle-scarred country into one of the world's leading mining exporters, senior US government officials told the Times. Afghanistan's potential lithium deposits as large of those of Bolivia, which currently has the world's largest known lithium reserves, the Times said. Lithium is a key mineral used in rechargeable batteries, as well as everything from cell phones and laptops to electric cars. Afghanistan has so much of it that it could become the "Saudi Arabia of lithium," according to an internal Pentagon memo quoted by the newspaper. The iron and copper deposits are large enough to make Afghanistan one of the world's top producers, US officials said. "There is stunning potential here," General David Petraeus, head of the US Central Command, told the newspaper. "There are a lot of ifs, of course, but I think potentially it is hugely significant." "This will become the backbone of the Afghan economy," Jalil Jumriany, an adviser to the Afghan minister of mines, told the Times. A small team of US geologists and Pentagon officials uncovered the mineral wealth with help from charts and data collected by Soviet mining experts during the Soviet Union's occupation of Afghanistan in the 1980s. Afghan geologists took the charts home to protect them during the chaos that followed the Soviet withdrawal, and produced them again in 2001 with the fall of the Taliban, the Times said. "There were maps, but the development did not take place, because you had 30 to 35 years of war," Ahmad Hujabre, an Afghan engineer who worked for the Ministry of Mines in the 1970s, told the Times. President Hamid Karzai was recently briefed on the finding, US officials told the newspaper. Recommend Send IM Story Print Related Articles Foxconn parent: commitment to China 'total' AFP - 1 hour 18 minutes ago US discovers huge Afghan mineral wealth: report AFP - 1 hour 45 minutes ago China's AgBank IPO could raise 28 billion dollars AFP - 2 hours 22 minutes ago Honda says normal ops to resume at troubled China plant AFP - Monday, June 14 Chinese investors Fosun buy Club Med stake AFP - Monday, June 14 News Search Top Stories Africa savours first win but tragedy tinges W.Cup Nine killed in plane crash of Mexican politician Greece optimistic ahead of EU, IMF visit UK's new fiscal watchdog to cut growth forecast Impoverished by oil spill, still waiting for a check from BP More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Impoverished by oil spill, still waiting for a check from BP Hamilton leads McLaren 1-2 at Canadian Grand Prix Euro rate now more 'normal': French central banker Euro to hit dollar parity in 2011, if still exists: analyst Thousands flee ethnic bloodshed in Kyrgyzstan More Most Viewed » The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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