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13 September 2021, 11:34 pm · 4-min read Mes Aynak in Afghanistan holds 240 million tonnes of 2.3% grade copper ore making it one of the largest untapped high-grade projects in the world. The...
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Oct 5, 2021The true looting that has taken place in Afghanistan in the last 25 years is the flagrant violation of its mining laws by powerful individuals or families who 'stole' its mineral riches and paid no extraction fees or royalties to the government [2] - and by the Taliban itself, the largest mineral extractor in the country long before it ...
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According to Afghanistan's Ministry of Mines and Petroleum, the site is home to the world's second-largest copper deposit, reportedly representing estimated reserves of 5.5 million tonnes of high-grade copper ore (Mes Aynak means "little source of copper" in Pashto). However, the mining site is also home to one of the world's most ...
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Sep 7, 2021China spent $3 billion on a copper mining project in Afghanistan in 2007, but challenges related to the lack of infrastructure were too much to overcome. This time could be different.
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Afghan Mining Minister Ibrahim Adel says the Chinese company has agreed to invest nearly $3 billion in order to set up mining operations and overcome the lack of basic infrastructure. "With this...
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Mes Aynak Copper Mining, Afghanistan Mes Aynak est la deuxième plus grande mine de cuivre au monde et un ancien site archéologique bouddhiste. Grâce à la société MMC, la Chine a acheté des droits d'extraction pour des milliards de mètres cubes de minerai. À quel prix? ...
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One of the Asian powerhouse's mining giants, the Metallurgical Corporation of China (MCC), already has a 30-year lease to mine copper in Afghanistan's barren Logar province.
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Sep 13, 2021"Due to the unstable situation in Afghanistan, the Mes Aynak copper mine invested by the company has not yet undergone substantial construction," Zheng Gaoqing, the chairman of Jiangxi Copper said...
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The Balkhab copper project is an early-stage exploration project covering a 500-km2 area in northern Afghanistan and is marked by occurrences of sulphide and oxide copper ores, the latter of which has a history of mining and processing at the site that stretches back an estimated 3,000 years.
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In November 2007, the Karzai government in Afghanistan in collaboration with NATO forces auctioned the huge Aynak copper deposit under the US Agency for International Development (USAID) plan and...
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According to The New York Times, the US has "discovered nearly $1 trillion in untapped mineral deposits in Afghanistan." These mining resources include metals such as copper and gold, as well ...
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These data include geochemical analyses of rock, mine waste, sediment, and soil samples collected from the Aynak copper deposit, Logar Province, Afghanistan in 2019. In addition, these data ?include geochemical analyses of water samples collected from the Aynak copper deposit, Logar Province, Afghanistan in 2019.
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Overview on Mining in Afghanistan. Afghanistan is a country abundantly rich in natural resources. There are currently more than 1,400 mineral deposits that have been identified including energy minerals such as oil, gas and coal and other metallic and non-precious minerals such as lead, cement-grade limestone, gemstones, copper, iron, gold and ...
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In 2007, the Metallurgical Corporation of China acquired a 30-year lease to mine copper at Afghanistan's Mes Aynak for $3 billion, the largest foreign investment in the country's history. MCC's mining operations, however, have been plagued by political instability and the conflict between the Taliban and the former Afghan government.
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COPPER: A 2019 report by Afghanistan's Ministry of Mines and Petroleum put the country's copper resource at almost 30 million metric tons. An Afghan mining sector road map published by the ministry...
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Dec 16, 2016Over the last 15 years, he noted, the Taliban have "attacked highways, destroyed bridges, burned schools, clinics, and universities." The Mes Aynak copper mine is north of Kabul and is protected by...
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China has not offered any troops, equipment, or funds to the International Security Assistance Force (ISAF) in Afghanistan. Yet, ISAF has made Afghanistan safe for Chinese investment. China's ...
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China plans to reopen copper mine in Afghanistan Beijing seeks closer ties with the Taliban Didi Tang, Beijing Wednesday August 18 2021, 12.00pm BST, The Times British archaeologist Thomas Ely, in...
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Afghanistan is a formal member of ... a Chinese corporation won a $3 billion tender to develop the Mes Aynak copper mine, one of the world's largest. In 2011, another Chinese company won the ...
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In 2010, a report by US military experts and geologists estimated that Afghanistan was sitting on nearly $1 trillion ( £730 billion) in mineral wealth. A huge amount of iron, copper, gold, cobalt ...
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The Balkhab Copper Project is an early-stage exploration project covering a 500-square-kilometer area in northern Afghanistan and is marked by occurrences of sulfide and oxide copper ores, the...
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China has exempted 98 per cent of its Afghan buys from import duties. China Metallurgical Group will soon start exploration and extraction at the Aynak copper mine. It is the biggest copper mining project in the country. As of now, China's economic footprint is steadily expanding across Afghanistan, reported Al Arabiya Post.
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December 4 2021. Chinese mining groups are scouting opportunities in Afghanistan to access the country's lithium and copper deposits, as Beijing steps into the void left by the US and its allies ...
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Although it means "little copper mine," Mes Aynak hosts the planet's largest, more unexploited copper deposits, to the value of 11.08 million tones and an estimated worth of $50 billion. Yet, it is also home to Central Asia's most critical nuggets of archeological value -and the two may not go hand-in-hand, as cash-strapped ...
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China's Jiangxi Copper has said that it and the Metallurgical Corp of China (MCC) are monitoring the situation in Afghanistan and will push forward with the Mes Aynak copper mine when they can. The company and MCC took on a 30-year lease for the mine in 2008, which has an estimated reserve of 11.08 million tonnes of copper.
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Aynak, located in the Logar province of Afghanistan, is of historical, cultural and spiritual importance to Afghans and Buddhists alike. There are more than 20 ruin sites sitting directly above the copper deposit, some dating back 5,000 years. Situated on a central point of the Silk Road, it is believed that Buddhism reached China via Mes Aynak.
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The two major Afghan mining contracts are to be terminated, Afghan president has ordered in a high economic council meeting. Afghan president Mohammad Ashraf Ghani has ordered to terminate the contracts for Badakhshan gold mine and Balkhab copper mine of Sar-e-Pul on Wednesday.
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Jun 14, 2010Just last year, Afghanistan's minister of mines was accused by American officials of accepting a $30 million bribe to award China the rights to develop its copper mine. The minister has since ...
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More than a quarter of Afghanistan's future mineral wealth could be realized by expanding copper mining activities. China, Pakistan show interest ... (MCC), already has a 30-year lease to mine copper in Afghanistan's barren Logar province. Senior Taliban officials last month met Chinese Foreign Minister Wang Yi in Tianjin, where Taliban ...
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Innovations in Copper Mining and Production May Benefit the Environment. Copper has been an extremely useful metal throughout history thanks to its high thermal and electrical conductivity. Today about half of the world's production of copper is used for electrical requirements. One reason copper is so widely used is because it can be ...
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The world's top five largest copper mining companies by production in 2020. 1. Codelco - 1.73 million tonnes. Founded in 1955 and nationalised in 1971, Santiago-headquartered Corporación Nacional del Cobre de Chile, also known as Codelco, is the world's top copper mining company. In 2020, it produced 1.73 million tonnes of copper, which ...
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The Pentagon memo called Afghanistan the Saudi Arabia of lithium and projected that the country's lithium deposits could equal Bolivia's — one of the world's largest. ... More than a quarter of Afghanistan's future mineral wealth could be realized by expanding copper mining activities. For the rest of this article: https:// ...
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The Balkhab Copper Mine is located in the Sar-e-Pul and Balkh Provinces in north central Afghanistan, approximately 130 km south-west of Mazar-i-Sharif, the capital of Balkh province. There is evidence of mineral extraction activities at Balkhab going back almost 3,000 years, likely to have been continuous mining of copper via surface and underground workings.
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In 2010, a report by US military experts and geologists estimated that Afghanistan, one of the world's poorest countries, was sitting on nearly $1 trillion (€850 billion) in mineral wealth, thanks...
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The highly prospective Mes Aynak copper project — with contained copper estimated by some to have a value in excess of $100 billion — had already been contracted out to two Chinese mining ...
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Copper deposits worth over $50 billion in Afghanistan's Aynak valley, some 30 miles south of Kabul in Logar province, could either present an opportunity for economic sustainability and political stability or become the focus of violent competition and grand corruption. The Metallurgical Corporation of China (MCC) secured mining rights in ...
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According to audit firm Ernst and Young (EY), the average copper price of $6,726 per tonne over the last decade has been lower than the usual "incentive price" which ranges between $7,000 and $8,000 per tonne for new project developments. READ MORE South Africa: Energy giant prepares for new coal mining reality
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Transportation. China invests trillions in copper mine in Afghanistan. The proven copper mine is 705 million tons, with an average copper content of 1.56%. At least 10 million tons of copper can be mined, which is equivalent to 30% of China's total copper reserves. Today, the core of the energy competition is not oil, but gradual electrification.
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However, Afghanistan "has a long way to go to achieve lasting peace, sustainable development and to advance its foreign relations," he said. Neither Xi or Wang gave specifics on future Chinese assistance, although China has already shipped emergency aid to Afghanistan and is seeking to develop copper mining there.
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Challenges between heritage conservation and mining in Afghanistan. The Taliban-led government in Afghanistan is looking to tap into mineral riches in an effort to boost the country's anemic economy. China remains interested in one of the richest copper deposits on earth.
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