BY: William Byrd
Rampant looting of Afghanistan’s medium-sized and smaller mineral resources is ongoing, but the major Aynak copper deposit languishes, having made only negligible progress toward commercial exploitation since the contract was signed in 2008.
The main problem is that the Chinese consortium awarded the contract made unrealistic promises that would be impossible or highly unprofitable to fulfill, resulting in a need to renegotiate contract terms in its favor, which the Afghan government has been reluctant to go along with.
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