Afghan authorities have organized a roadshow in London, which opens on Friday aimed at drumming of interest in the mineral wealth of the country variously estimated at anything from $1 trillion to 3trillion. India and China, the regional heavyweights, the top candidates to fight for a piece of the action in their immediate vicinity. If such large reserves of copper, iron ore and important industrial metals such as lithium are untapped in their neighborhood would you expect them to invest heavily in Afghanistan to feed their supercharged economies.
But they are not rushing in again with pickaxes and shovels, and for the same reasons that Western investors. The security and logistical challenges of the extraction of minerals and bring them to the world remains enormous.
source:reuters
Gas prices break their streak
The recent rise in gas prices showed some signs of cracking Friday, but economists say consumers should not have their hopes up yet. . . Read more »
Stocks: Earnings and Europe come knocking
Stocks kick off the fourth quarter with a profit last week, but next week is more challenging as the quarterly results season kicks off in Europe and the debt crisis remains in the spotlight. . . Read more »