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

UAE welcomes Ghani, family on ‘humanitarian grounds’

Latest from -Top News

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday

China’s Grab for Africa

China’s investments aim to strengthen its geopolitical influence and its high-tech manufacturing sector in Africa…reports Asian Lute News China is further consolidating its dominance in the rare earth elements sector by expanding

Pakistan Courts in Peril

The question now is whether Pakistan’s courts can continue to function as guardians of the law, or whether they will be reduced to instruments of control…reports Asian Lite News Pakistan judiciary’s independence

Trump to Fix the World, Again

Trump said, “Think about India, Pakistan… wars lasting decades with millions killed. I got most of them done, pretty much, within a day. It’s pretty good.”…reports Asian Lite News US President Donald
Go toTop

Don't Miss

Beijing Keen to Improve Ties with Washington: Chinese Official

President Biden will travel to San Francisco on November 14

Sri Lankan President due in China on Jan 14 

This visit follows Dissanayake’s first foreign trip to India in