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

World Powers Gather for G7

The leaders had unveiled its slimmed-down agenda on Sunday, prioritising discussions on the global economy and energy security….reports Asian Lite News Several world leaders have gathered at the Canadian Rockies for the

Israel Takes Out Iran Spy Leaders

Among those killed were Mohammad Khatami, head of the IRGC Intelligence Organisation since 2022, and his deputy Mohammad Hassan Mahkaghi….reports Asian Lite News Israel on Monday announced that four high-ranking Iranian intelligence

Iran May Quit Nuclear Treaty

The NPT, a landmark international treaty that came into force in 1970, seeks to prevent the spread of nuclear weapons…reports Asian Lite News Amid rising tensions with Israel, Iran announced Monday that

Modi, Cyprus President Hold Talks

Both leaders explored avenues to deepen cooperation in trade, investment, security, and technology…reports Asian Lite News Prime Minister Narendra Modi on Monday held wide-ranging discussions with Cyprus President Nikos Christodoulides at the

Jaishankar Dials UAE, Armenia as Mideast Heats Up

EAM Jaishankar discussed the fast-evolving situation and emphasised the importance of dialogue and cooperation….reports Asian Lite News External Affairs Minister S. Jaishankar held telephonic conversations with his counterparts in the United Arab
Go toTop

Don't Miss

China’s ‘debt-trap’ pushing Laos to economic crisis

The 418-km Laos-China railway is a joint venture between Beijing

Tibetan monks face Chinese pressure to sever ties with Dalai Lama

Last year, China began requiring Tibetans working in official government