Tuesday, 02 January 2024 12:17 GMT

Taliban Mining Pitch To US Is A Political Risk Time Bomb


(MENAFN- Asia Times) Afghanistan is estimated to hold more than US$1 trillion in mineral resources. Rich stores of copper, lithium, gold, iron ore, rare earth elements, coal and precious stones lie beneath one of the world's poorest and war-torn nations.

Five years after returning to power, the Taliban now want to turn that geological bounty into a diplomatic opening with the United States under Donald Trump's transactional administration.

Foreign Minister Amir Khan Muttaqi recently openly welcomed US investment in Afghanistan's mining, infrastructure, agriculture and trade sectors. After fighting US and allied forces for two decades, the Taliban now seek American capital to help develop the country's untapped mineral wealth.

Washington has quickly poured cold water on the overture. The US State Department has said it has no plans to work with the Taliban on developing Afghanistan's critical minerals, warning that investment could strengthen a regime responsible for repression at home.

But there is arguably another question Washington should be asking: if foreign money eventually enters Afghanistan's mining sector, who inside the Taliban would actually control and profit from it?

The answer is less straightforward than Kabul's investment pitch suggests. The Taliban may present a unified face to foreign investors, but the political economy behind Afghanistan's mines is considerably more fragmented.

Provincial power contest

Afghanistan's mineral geography is highly dispersed. Badakhshan holds gold and precious stones. Logar contains the vast Mes Aynak copper deposit. Copper resources are found around Balkhab, while other strategically important mineral deposits stretch across central, northern and eastern Afghanistan.

Many of these resources therefore lie far from Kandahar, the political and ideological center from which Supreme Leader Hibatullah Akhundzada has increasingly centralized Taliban authority.

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Asia Times

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