Afghan Minerals Group Silk Road Mining
|Afghan Minerals Group Silk Road Mining
|Date of birth
|Background Shaida Copper deposit
|History and Biodata
1. Afghan Minerals Group (AMG) was granted a license to explore the Shaida copper deposit, in the province of Herat, in western Afghanistan.(20121217). Exploration Licence Area: 250km2
Afghan Gold and Minerals, Afghan Minerals Group, and Turkish-Afghan Mining Co. had been picked from a shortlist of 25 bidders to explore and start developing the Balkhab, Shaida and Badakhshan projects respectively.(20121207)
McCarthy Tétrault LLP is acting as legal counsel to Silk Road Mining. Hogan Lovells US LLP and DLA Piper Australia are acting as legal counsel to the Government of Afghanistan.
At a regional level, Afghanistan sits on the Tethyan Magmatic Arc, which spans from Eastern Europe through into Southeast Asia. World class copper porphyry deposits in this arc include Grasberg in Indonesia, Ok Tedi in Papua New Guinea on the eastern end, with Bor in Serbia and Rosia Poieni in Romania on the western end. The Central Tethyan region, which includes the underdeveloped Afghanistan portion, is home to world class copper deposits SarCheshmeh in Iran, and Reko Diq in Pakistan. Silk Road had previously been awarded the right to enter into a mining contract for Shaida through a competitive tender process initiated by the Ministry several years ago, which was supported by a range of international donor organizations.
China have secretly formulated a plan to get all mineral resources of Afghanistan. The last step of chinese business aim is to sign a $4 billion agreement with local authorities for Shaida Copper Mine, located in the western region of Afghanistan in the Adraskan District of the Herat province. Afghan people and even Parliament were kept in the dark about this agreement. According to reliable sources a chinese company, Metallurgical Corps of China, that already has the rights to the Mes Aynak copper deposit in Logar, has links with Afghan warlords and is illegally mining in Afghanistan.
This company invests in restive countries and the minerals are illegally transferred to China.
After reports about singing of the agreement have become public, afghan people asked that the chinese company engaged in illegal mining project stop their operations for Shaida Copper Mine, as the Afghan Government has failed to protect public wealth.
Metallurgical Corps of China has run into complications in Afghanistan after the executive leading the $3 billion project to build a open-pit copper mine in Mes Aynak was expelled from the Chinese Communist Party for corruption.