quot;China's recent 3.5 billion dollar contract bid for the Aynak Copper Field in Afghanistan is the single largest foreign investment in Afghanistan to date. Critics contend that China is getting a freeride on the coat tails of U.S.coalition stabilization efforts.
China's quot;Great Leap Forwardquot; hinged on the idea that smallscale village workshops could produce the large quantities of iron needed for sustained industrial growth. communist party forced inefficient workshops to meet unreasonably high production quotas.
With copper prices falling and the Chinese economy slowing, and security in Afghanistan deteriorating, the company has yet to begin production on the site and, according to mining industry and
China is already Afghanistans biggest investor. In 2007 it took a $3 billion, 30year lease for the Aynak copper mine. China and Pakistan have offered to extend the ChinaPakistan Economic Corridor (CPEC) to Afghanistan.
Outside of China, a new copper smelter started last year in Zambia and others are expected to be built in India, Indonesia, Iran, Kazakhstan, Mexico and Mongolia according to the ICSG directory.
China has invested almost $3 billion in Afghanistan's copper market, the film notes, and this mine could reap $100 billion worth of copper. quot;The Chinese governmentowned company plans to mine the copper using an openpit method, the cheapest, most environmentally destructive style of mining,quot; the filmmakers explained.
Copper of Afghanistan Figure 1. Map of Afghanistan, showing major deposits and prospects, and permissive tracts for porphyry copper deposits known copper deposit in Afghanistan is the SHSC type Metallurgical Corporation of China (MCC) and they are planning a large open pit mine to exploit the shallow dipping ore in the Central
Mes Aynak mine is said to be the second largest copper ore body in the world, with the deposit estimated to contain 5.5 million metric tons of highgrade copper ore. The contract awarded to MJAM is worth $2.9 billion .
(RFE/RL) November 24, 2007 (RFE/RL) Afghanistan has awarded a stateowned company in China with the right to develop a large copper field to the south of Kabul, following two years of bidding.
Chinese company and Taliban battle over Afghanistans underground riches Massive copper mine at Mes Aynak in Logar province could destroy antiquities site and displace villagers July 11, 2015 500AM ET
The tender for a 30year lease for the exploitation of the Ainak copper mine potentially the worlds secondlargest open copper pit had been won by a consortium of Chinese stateowned enterprises the China Metallurgical Group Corporation (abbr. MCC) and
Aynak is a large undeveloped copper resource, located about 40 km southeast of Kabul in Afghanistans Logar province. After a competitive bidding process, the government of Afghanistan in 2007 awarded a 30year lease to the Metallurgical Corporation of China (MCC, which then created the Afghan
Aynak copper deposit is one of the world's largest copper mines with proven reserves of 690 million tons of copper ore containing about 1.65 percent or 11.3 million tons of copper. The Aynak reserves consist of about one third of China's total proven copper reserves. Some geologists even believe that Aynak might be the world's largest copper mine.
Moreover, the company was not experienced in copper mining outside China, but rather in smelting and refining. Its core competency and expertise were not particularly well suited for a large, integrated copper mining endeavor such as Aynak.
China has not offered any troops, equipment, or funds to the International Security Assistance Force (ISAF) in Afghanistan. Yet, ISAF has made Afghanistan safe for Chinese investment. Chinas stateowned energy and mining companies won Afghanistans first major mineral and energy tenders.
An interesting NBC article from 2009 discussing Chinas involvement in Afghanistan, and the Aynak copper mine in particular. The mining and extractive industries will become more cost effective along the resource corridor developed with the railway. Chinese ambassador to Afghanistan, said Afghan China friendship has a long
Apr 12, 20150183;32;China and Afghanistan remain deadlocked over a stalled $3 billion copper mine five months after Beijing demanded royalties be slashed by almost a half, underlining Kabul's struggles to support
The disgrace last week of the businessman who won a deal in 2007 for China to develop a copper mine in Afghanistan, which was the largest foreign investment deal in the wartorn country at the
China is already Afghanistans biggest investor.In 2007 it took a $3 billion, 30year lease for the Aynak copper mine. China and Pakistan have offered to extend the ChinaPakistan Economic Corridor (CPEC) to Afghanistan. Some have concluded that the CPEC invitation is a prelude to positioning China as a mediator to end the Afghan
Guided by the force field analysis theory, the purpose of this holistic, singlecase study was to explore the strategies that 5 MNC executives in Beijing, China, used to improve the timely delivery of minerals associated with the Aynak copper mine project in
The site at Mes Aynak, in Afghanistan's Logar Province, is home to 5thcentury Buddhist monasteries, temples and other relics, but also sits on one of the largest copper deposits in the world.
China can then begin to exploit Afghanistans estimated $3 trillion in untapped mineral resources, in addition to Balochistans $1 trillion in gold, copper, oil, precious stones, coal, chromite and natural gas.
The TagabSoni Copper Mine It is divided into two parts the TagabSoni copper mine was discovered in 1972 by Afghan and Sovietgeologists.This mine is 900 metres wide and 3,000 metres long. The Dosar Copper Mine Discovered in 1973 the mine is 150 metres wide and 2,200 metres long.
Dec 30, 20090183;32;A delegation from the stateowned Chinese company, China Metallurgical Group Corporation, visited the site of a copper mine in Aynak, a former alQaeda stronghold southeast of Kabul, in 2007.
The Mes Aynak ore deposit is estimated to hold reserves worth $88B the mining lease is Chinas largest investment in Afghanistan, and Afghanistans largest foreign investment in the countrys history.
the term quot;free ridingquot; to characterize China's approach to Afghanistan implies that the Chinese government made a calculated decision to exploit the U.S.Ied efforts to stabilize Afghanistan to benefit the Chinese economy by dispatching stateowned energy and mining companies to secure copper and oil.
China is an importer of copper and a major global refiner of the industrial metal. In 2007, under the administration of President Hamid Karzai, MCC agreed to pay Afghanistan $3 billion to lease the Mes
Gary McMahon, senior mining specialist at the World Bank, believes that Afghanistan is in a good position to benefit from the Aynak copper mines. Local employment generation and the MCCs stated commitment to provide educational, health, and housing services to employees all offer promise for development.
China Metallurgical Group Corporation (MCC) is building a railroad to transport copper ore in Afghanistan from Logar to Kabul. Owing to the lack of mineral production data reported by the miners, information about Afghanistan's mining activities was not readily available, but they appeared to be limited in scope.
China's $3B copper mining deal in Afghanistan, the largest foreign investment in the country's history, is going nowhere. 10 years into a 30 year lease, supply chain problems are keeping any copper from being extracted at all.
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