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JP Morgan Sends Team To Explore 'Transforming' Afghanistan Resource Deposits

New York Times

Mining companies around the world wish to exploit Afghanistan’s newly discovered mineral wealth. JP Morgan has just sent a team of mining experts to Afghanistan to examine possible projects to develop.

A U.S. Pentagon team has shared its data with the Afghan government. It is working with the Afghan Ministry of Mines to prepare information for potential investors in hopes of placing some mineral exploration rights up for auction within the next six months.

Afghan officials said they believed that the American estimates of the value of the mineral deposits — nearly $1 trillion — were too conservative, and that they could be worth as much as $3 trillion.