• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

NYC high school faces backlash over ‘intifada’ post

October 22, 2026

Feds launch Medicaid fraud crackdown in NYC adult day care centers

October 21, 2026

‘Slow Horses’ Season 6 Finale Recap: Olivia Cooke Interview

October 21, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, October 22
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    NYC high school faces backlash over ‘intifada’ post

    October 22, 2026

    Stephen Miller Goes Off on Foreign Scammers During White House Roundtable on Cybercrime * The Gateway Pundit * by Jordan Conradson

    October 21, 2026

    JD Vance’s Ohio Rally Disaster May Have Gotten Sherrod Brown Elected

    October 21, 2026

    El-Sayed’s Muslim Brotherhood Boost… Look Who’s Cheering Him On! (VIDEO) * The Gateway Pundit * by Grant Stinchfield

    October 21, 2026

    Why Republicans’ massive cash advantage is evaporating on the airwaves

    October 21, 2026
  • Health

    Feds launch Medicaid fraud crackdown in NYC adult day care centers

    October 21, 2026

    American Diabetes Association shakes up leadership

    October 21, 2026

    Ebola, Nigeria, Vaccines, CRISPR, Mark Cuban: Morning Rounds

    October 21, 2026

    Mark Cuban’s Cost Plus Drugs tackles expensive rare disease treatments

    October 21, 2026

    Counterintuitive approach floated to boost measles vaccine uptake

    October 21, 2026
  • World

    Amy Robach And T.J. Holmes’ Exes Are Now Engaged — To Each Other

    October 21, 2026

    Pro-Trump New York Post Warns How He Could Spark ‘Full-On Riot’ In GOP

    October 21, 2026

    Reporter Hits Back At Trump’s ‘Sick Person’ Jab With Pointed Health Update

    October 21, 2026

    Bush Family Member Rebukes Trump, Breaks From GOP In Key Race

    October 21, 2026

    Trump Dodges JD Vance 2028 Endorsement Question, With Vance Right Behind Him

    October 21, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    The Indian Government’s Job Statistics Are Misleading

    October 21, 2026

    The China-US Quantum Computing Contest

    October 21, 2026

    China’s AI Industry Brings Both Gains and Challenges for Its Fragile Economy

    October 21, 2026

    Goldman Sachs, JPMorgan, Morgan Stanley dominate AI stock boom

    October 21, 2026

    Taiwan’s Tech Diplomacy Has a Labor Problem

    October 20, 2026
  • Tech

    Texas AG Ken Paxton Sends Compliance Letters to 156 Data Centers over Water Usage Reporting

    October 16, 2026

    Musk Unveils Flying Tesla Roadster at SpaceX Texas Site

    October 16, 2026

    Nvidia’s Jensen Huang Says U.S. ‘Absolutely Must’ Work with China on AI Safety

    October 16, 2026

    8 States Sue OpenAI Alleging ChatGPT Deceived Parents and Harmed Children

    October 16, 2026

    Poll Shows Mike Rogers Edging Out Abdul El-Sayed in Michigan Senate Race

    October 15, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»A New Dawn for Afghanistan’s Mes Aynak Copper Mine?
Finance

A New Dawn for Afghanistan’s Mes Aynak Copper Mine?

July 31, 2024No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
A New Dawn for Afghanistan’s Mes Aynak Copper Mine?
Share
Facebook Twitter LinkedIn Pinterest Email

After 16 years of delays, last week representatives of Afghanistan’s Taliban government and Chinese engineers broke ground at Mes Aynak, estimated to be the world’s second-largest deposit of copper. The ribbons that were cut were for an access road, a small first step in a project that the Taliban have characterized as “crucial.”

Afghanistan is believed to have significant mineral reserves, largely unexploited due to decades of political instability and war. In total, these resources – which range from copper and iron ore to lithium and other critical minerals – are valued at an estimated $1-3 trillion.

Located around 40 kilometers southeast of Kabul in Logar Province, Mes Aynak is estimated to contain (depending on the source) somewhere between 5.5 and 11.5 million metric tons of high-grade copper ore. Successive Afghan governments – and China – have long hoped to tap into the mine’s potential, but contractual disputes have impeded progress amid security issues, logistical challenges, and government changes.

In November 2007, the China Metallurgical Group Corporation (MCC), a Chinese state-owned conglomerate, outbid competing offers by $1 billion – putting up a $3.4 billon bid for a 30-year lease to develop the mine. The contract, for just under $3 billion, was formally awarded in May 2008 with plans for production to start within five years. Under the original vision, the extracting, smelting, and processing of the raw copper was to occur in Afghanistan. Significant infrastructure projects, such as a power plant and a railway, were also discussed. 

In 2013, instead of starting production as originally scheduled, the MCC requested a review of its contract. Plans for the power plant and the rail line were dropped, and soon thereafter the project stalled entirely. Chinese staff reportedly left in 2014 as the war in Afghanistan shifted into a new phase.

See also  EU trade chief says the outcome of China EV probe cannot be prejudged

In neighboring Pakistan, China began pouring money and attention into the China-Pakistan Economic Corridor (CPEC). Pakistani and Chinese workers became targets of militant groups. Concerns over security have certainly plagued Mes Aynak, too, especially as the Taliban and China began negotiating re-starting the project.

Not long after the Taliban seized control of Kabul in August 2021, the group’s Acting Minister for Mining and Petroleum Shahbuddin Dilawar began pushing for re-engagement with MCC. As the Associated Press reported in March 2022, “Ziad Rashidi, the ministry’s director of foreign relations, approached the consortium made up by MCC, China Metallurgical Group Corporation and Jiangxi Copper Ltd. Dilawar has had two virtual meetings with MCC in the last six months, according to company and ministry officials. He urged them to return to the mine, terms unchanged from the 2008 contract.”

Rashidi told the Associated Press that “Chinese companies see the current situation as ideal for them. There is a lack of international competitors and a lot of support from the government side.”

The Taliban, which had attacked security checkpoints near the mine as recently as 2020, recognized in Mes Aynak – and Chinese capital – an unparalleled financial opportunity. 

At the July 24 ribbon-cutting, which marked commencement of work on an access road to the mine, Deputy Prime Minister for Economic Affairs Abdul Ghani Baradar said, “The time wasted in the implementation of the project should be recuperated with speedy work.”

Earlier, as Tolo News reported, a spokesman for the Ministry of Mines and Petroleum said on X, formerly Twitter, “The contracted company has been obligated to start the operations of this world-level major copper mine and its 100 percent process in accordance with the 2008 commitments by the end of this week.”

See also  Exclusive: Miners seek partners for copper assets as M&A heats up

Taliban officials, however, have moderated that enthusiasm, noting that it will likely take two years before extraction can begin.

Whether Mes Aynak begins producing copper by 2026 or not will rely heavily on several factors, not the least of which is security. But the most likely hiccups will be the same factors that derailed the project in the past: debate over the contract terms and logistical difficulties. A new factor is the Taliban government itself, which certainly views the project – and Chinese investment – as a pathway to international legitimization, if not official recognition.

Chinese Ambassador to Afghanistan Zhao Xing said at the ribbon-cutting that “economic and trade relations between the two countries are becoming increasingly close.” A readout posted by the embassy noted, “The Chinese side is willing to work with Afghan side to smoothly promote the exploitation of Afghan mineral resources while ensuring effective protection of cultural relics, so as to make this project a model of investment cooperation between China and Afghanistan.”

In addition to copper, Mes Aynak is home to the remains of an ancient Buddhist city. Breaking from its Buddha-blasting past, the Taliban have pledged to see the site’s heritage preserved.

The Chinese readout of the ribbon-cutting went on to note that the Afghan side had pledged to “do its utmost to provide security and convenience for the Chinese company.”

Afghanistans Aynak Copper Dawn Mes
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Indian Government’s Job Statistics Are Misleading

October 21, 2026

The China-US Quantum Computing Contest

October 21, 2026

China’s AI Industry Brings Both Gains and Challenges for Its Fragile Economy

October 21, 2026

Goldman Sachs, JPMorgan, Morgan Stanley dominate AI stock boom

October 21, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

US regional bank shares bounce as debt ceiling overshadows crisis

May 16, 2023

Was There a Scam in India’s Exit Poll Predictions?

June 12, 2024

Elon Musk Offers to Fund $100 Million Mel Gibson Versionof ‘The Odyssey’ to Defy Christopher Nolan’s Woke Adaptation

July 23, 2026

Banks are talking up AI amid ChatGPT buzz but keeping its use limited

June 13, 2023
Don't Miss

NYC high school faces backlash over ‘intifada’ post

Politics October 22, 2026

INTIFADA FLARE UP: One of New York City’s most prestigious public high schools is facing…

Feds launch Medicaid fraud crackdown in NYC adult day care centers

October 21, 2026

‘Slow Horses’ Season 6 Finale Recap: Olivia Cooke Interview

October 21, 2026

The Indian Government’s Job Statistics Are Misleading

October 21, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (7,545)
  • Finance (5,263)
  • Health (2,972)
  • Lifestyle (1,962)
  • Politics (5,041)
  • Sports (5,499)
  • Tech (2,833)
  • Uncategorized (4)
  • World (7,844)
Our Picks

Former Republican Lawmaker Voices Support For Child Sex Changes Because Of ‘7-Year-Old’ Trans Grandchild

March 15, 2023

REPORT: Man Shot At UFC Fighter’s Home

May 6, 2023

Billionaire sues ex-employee over alleged theft

August 12, 2026
Popular Posts

NYC high school faces backlash over ‘intifada’ post

October 22, 2026

Feds launch Medicaid fraud crackdown in NYC adult day care centers

October 21, 2026

‘Slow Horses’ Season 6 Finale Recap: Olivia Cooke Interview

October 21, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.