China starts work on Afghan copper mine long stalled by war

AFGHANISTAN:

Shast Bandari, Afghanistan

Chinese engineers and the Taliban government broke ground in Afghanistan on Wednesday on a project to mine the world's second-largest copper deposit after a 16-year delay caused by war.

Surveyors estimate Mes Aynak, 40 kilometres (25 miles) southeast of Kabul, contains 11.5 million tonnes of copper ore, a vital electronics component that has surged in price.

A $3 billion deal signed in 2008 gave a Chinese state-owned firm mining rights but it never came to fruition as combat raged between NATO-led troops and Taliban insurgents.

Taliban officials partnered with diplomats and businessmen from Beijing at a ribbon-cutting ceremony on Wednesday as excavators began work on a road to the remote site.

"The time wasted in the implementation of the project should be recuperated with speedy work," Deputy Prime Minister for Economic Affairs Abdul Ghani Baradar told attendees.

Violence has waned since the 2021 Taliban takeover after the withdrawal of foreign troops, and Kabul's new rulers are keen to exploit Afghanistan's vast reserves of natural resources.

The nine-kilometre (six-mile) road in Logar province is scheduled to be completed early next year.

Taliban officials said it would likely be at least two years before the first copper was extracted by the China Metallurgical Group Corporation (MCC).

Copper hit record prices in May and analysts say a boom in electric vehicles, renewable energy such as wind turbines and artificial intelligence -- which relies on power-hungry data centres -- will sustain soaring demand.

Neighbouring China accounts for more than half the global consumption of the conductive metal.