minerals

Australia Raises Interest Rates to Control Inflation

Australia raised interest rates in a bid to control inflation amid an export boom. The country%u2019s Reserve Bank raised rates to 4.75 % from 4.5%, surprising most analysts, The Associated Press reported.

What It Will Take to Tap Afghanistan's Potential Mineral Riches

Newly-located mineral deposits in Afghanistan could mean new wealth for an impoverished nation that has been crippled by decades of war. But getting those riches out of the ground will require years of development and billions of dollars in investment.

China to Benefit from Afghan Mineral Riches

The conflict in Afghanistan has cost the U.S. more than $940 billion, but recently, Americans have discovered that nation is sitting on upwards of $1 trillion in untapped mineral deposits. But the resources we've found are are likely to end up getting mined by Russian and Chinese firms.

Afghanistan Harbors $1 Trillion in Minerals

The New York Times reports that "The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself."