Banksters in Afghanistan

[marmar]

from the New York Times:



World’s Mining Companies Covet Afghan Riches
By JAMES RISEN

Published: June 17, 2010


WASHINGTON — Mining companies around the world are eager to exploit Afghanistan’s newly discovered mineral wealth, but executives of Western firms caution that war, corruption and lack of roads and other infrastructure are likely to delay exploration for years.
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A few high-risk investors are sufficiently intrigued by the country’s potential to take an early look. JP Morgan, for instance, has just sent a team of mining experts to Afghanistan to examine possible projects to develop.

“Afghanistan could be one of the leading producers of copper, gold, lithium and iron ore in the world,” said Ian Hannam, a London-based banker and mining expert with JP Morgan. “I believe this has the potential to be transforming for Afghanistan.”

But executives with international mining firms said in interviews that while they believed that Afghanistan’s mineral deposits held great potential, their businesses were not planning to move into the country until the war was over and the country more stable.

“There are huge deposits there,” said David Beatty, chief executive of Rio-Novo Gold, a mining company based in Toronto. “But as chief executive, would I send a team to Kandahar? And then call a guy’s wife after he gets shot? No.” ........(more)

The complete piece is at: http://www.nytimes.com/2010/06/18/world/asia/18mines.html

[dipsydoodle]

1. I think you may find that the copper

is a done deal with the Chinese. Who gets what probably depends on the bung factor with Karzai.

[lib2DaBone]

2. Are Mineral Deposits a reason for young people to die in war?

What is the death toll in Afghanistan?

How many of these Vets will be sleeping in boxes on the street after they come home?

Amierica is caught in a Corporate Deathe Grip.