Taliban Eyes Investors for $1 Trillion Mineral Wealth

The Taliban government is aggressively seeking to exploit Afghanistan's vast mineral wealth, valued at an estimated $1 trillion, to boost revenue and achieve economic self-sufficiency. Since retaking power in 2021, the Taliban has signed approximately 200 mining contracts, mainly with local companies, focusing on resources like emeralds, rubies, gold, and lithium. However, the lack of infrastructure, expertise, and regulatory oversight poses significant challenges and risks, including potential environmental damage. Despite these hurdles, the Taliban remains open to foreign investment, particularly from those with mining experience, and mining activities have notably increased in recent years. Chinese firms have already secured significant mining contracts, taking advantage of the opportunities presented. The World Bank reports a noticeable expansion in the mining sector, which is contributing to Afghanistan's industrial growth.