The Biddings Bonanza on Afghan Mineral Rights Is Set to Begin
Whatever the speculation on the timing of The New York Times’ apparently-not-a-disclosure of Afghanistan’s mineral wealth -- see Marc Ambinder, Matthew
Jul 31, 202020.3K Shares2M Views
Whatever the speculation on the timing of The New York Times’ apparently-not-a-disclosure of Afghanistan’s mineral wealth — see Marc Ambinder, Matthew Yglesias, Tom Ricks— the Afghan government is veryhappy to have the story out. The Times’ Alissa Rubin describes Afghan officials as “giddy” over the story, and ready to accelerate the bidding process:
“„Bidding for the rights to explore the reserves could begin in as little as six months, said Jawad Omar, the spokesman for the mines ministry. The minister is expected to give a detailed news conference on the study later in the week.
Ah, an accelerated bidding process that could draw in lots and lots of international competition in one of the most corrupt countries on earth. What could go wrong? More Rubin:
“„Assuming the $1 trillion valuation and Afghanistan’s population of 29 million, that would give each Afghan man, woman and child roughly $34,482.76.
Very unexpectedly, the Pentagon is doing a briefing on the mineral wealth “discovery” in a few minutes. I’ll update this post when I know more. Update: Never mind! The call-in number DOD gave out doesn’t work.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles