August 19, 2021
1 min read

China to mine rare earth minerals in Afghanistan: US Congressman

Afghanistan is facing its worst-ever crisis in decades as the country’s government fell on Sunday and President Ashraf Ghani fled the country soon after the Taliban entered Kabul….reports Asian Lite News

China is set to move to Afghanistan to mine rare earth minerals, media reports said quoting a US Congressman on Tuesday.

“China will be moving in. There are rare earth minerals in (Afghanistan). I don’t know why we didn’t work with the Afghans to develop that, but we never did. And now, you’re going to have China going in mining these rare earth minerals,” Sputnik quoted Ranking Republican on the US House Foreign Affairs Committee Michael McCaul as saying on Tuesday.

“As a result, China is the winner and the United States is the loser in this situation as are the Afghan people. The Taliban will have a huge windfall profit from this that they’ll put into terrorist financing,” he added, Sputnik reported.

Former US president Donald Trump in 2007 agreed with the Afghan government that to rapidly develop Afghanistan’s rare-earth minerals through US companies as a way to offset the costs of the war there.

Afghanistan is facing its worst-ever crisis in decades as the country’s government fell on Sunday and President Ashraf Ghani fled the country soon after the Taliban entered Kabul.

The terror group now controls the capital and has declared its victory over the government. (ANI)

ALSO READ: Thousands stranded in Afghanistan as Kabul airport shuts ops

Previous Story

Jaishankar, Estonia counterpart exchange views on Afghan crisis

Next Story

UK to accept 20k Afghan refugees

Latest from -Top News

India Tightens Checks on Chinese Imports

India has ramped up monitoring of Chinese imports amid growing concerns of cheap goods being redirected into the Indian market following the United States’ steep tariff hike on Chinese exports. Commerce Secretary

Economists Warn of Impending US Recession

Leading global brokerages and economists are sounding alarm bells over the likelihood of a US recession, following the Donald Trump administration’s announcement of sweeping reciprocal tariffs on foreign imports. JPMorgan Chase &

Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel
Go toTop

Don't Miss

Will fight to the very end for Taiwan: China

The Minister’s remarks, which came just weeks after US President

Building more n-missile silos reflect China’s ‘Cold War Mentality’

Admiral Charles Richard, STRATCOM’s head, testified in April: “These capabilities