Chinese mine in Afghanistan threatens ancient find

- November 15th, 2010

The Associated Press.com reports that there may be archaeological barriers to leveraging finds, including cobalt, in Afghanistan, for China’s Metallurgical Group Corp.

The Associated Press.com reports that there may be archaeological barriers to leveraging finds, including cobalt, in Afghanistan,  for China’s Metallurgical Group Corp.

The story is quoted as saying:

The mine is the centerpiece of China’s drive to invest in Afghanistan, a country trying to get its economy off the ground while still mired in war. Beijing’s $3.5 billion stake in the mine — the largest foreign investment in Afghanistan by far — gets its foot in the door for future deals to exploit Afghanistan’s largely untapped mineral wealth, including iron, gold and cobalt. The Afghan government stands to reap a potential $1.2 billion a year in revenues from the mine, as well as the creation of much-needed jobs.

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