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China Gets a Copper Mining Contract
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Knockando
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Post subject: China Gets a Copper Mining Contract
Posted: 03 Nov 2009 17:07 pm
At a former al-Qaida stronghold southeast of the Afghan capital, a state-owned Chinese company is at work on a $3 billion mine project to tap one of the world's largest unexploited copper reserves, a potential financial boon for an impoverished country mired in war.

The promise of a bright future at Aynak, however, cannot conceal the troubling reality of how business is often done in Afghanistan, according to critics of the Kabul government's decision to reject bids from competitors in the U.S., Canada and other countries.

The bidding process unfairly favored China, they allege, and epitomized the back-room deals and abuse of power that has turned Afghans against their government and undercut the U.S. military effort there.

Corruption and graft long have been ingrained in Afghanistan's public institutions. Yet the extent of this corrosion has taken on new significance as the White House considers expanding the U.S. commitment to a war unsupported by a growing number of Americans.

Widespread fraud in Afghanistan's presidential election in August has raised doubts about how quickly a stable and credible government can be installed. A U.N.-backed commission threw out nearly one-third of President Hamid Karzai's votes, setting the stage for a Nov. 7 runoff.

In his recent assessment of the situation in Afghanistan, the top U.S. commander warned that unchecked corruption has led alienated Afghans to support the Taliban-led insurgency.

Afghan officials insist the Aynak bidding was handled openly and honestly, and will create thousands of jobs. But several U.S. geologists and Western businessmen who watched the process closely disagree.

To the victor belong the spoils.

I guess that's why China invaded Afghanistan.

Oh, wait.....
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BLUERICK
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Post subject: Re: China Gets a Copper Mining Contract
Posted: 03 Nov 2009 17:12 pm
time to go and let the Chinese takeover there.

they kind of dserve each other.

How foolish we are with our ideals of democracy and freedom for cavepeople.
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Ranger1
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Post subject: Re: China Gets a Copper Mining Contract
Posted: 03 Nov 2009 17:59 pm
We show up in Afghanistan with guns and troops. China shows up with the universal language of peace, cash. Which would you pick?
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Hoyle
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Post subject: Re: China Gets a Copper Mining Contract
Posted: 03 Nov 2009 18:31 pm
China is actually good for the money. We just have money that we borrow from the Chinese. Get used to them beating us in the commodity markets. Massive deficit spending has many impacts and this is just one of them.
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Ranger1
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Post subject: Re: China Gets a Copper Mining Contract
Posted: 03 Nov 2009 18:50 pm

Hoyle wrote

China is actually good for the money. We just have money that we borrow from the Chinese. Get used to them beating us in the commodity markets. Massive deficit spending has many impacts and this is just one of them.


Perhaps now you understand one reason why the GOP lost the last election and because of their antics and not doing anything productive now could very well cost them the next several elections. But you'll vote for them because they're good at talking the talk even though they can't walk the walk?
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beerster
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Post subject: Re: China Gets a Copper Mining Contract
Posted: 03 Nov 2009 19:07 pm

Ranger1 wrote

Hoyle wrote

China is actually good for the money. We just have money that we borrow from the Chinese. Get used to them beating us in the commodity markets. Massive deficit spending has many impacts and this is just one of them.


Perhaps now you understand one reason why the GOP lost the last election and because of their antics and not doing anything productive now could very well cost them the next several elections. But you'll vote for them because they're good at talking the talk even though they can't walk the walk?


I agree with you 100%.
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Hoyle
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Post subject: Re: China Gets a Copper Mining Contract
Posted: 03 Nov 2009 19:13 pm

Ranger1 wrote

Hoyle wrote

China is actually good for the money. We just have money that we borrow from the Chinese. Get used to them beating us in the commodity markets. Massive deficit spending has many impacts and this is just one of them.


Perhaps now you understand one reason why the GOP lost the last election and because of their antics and not doing anything productive now could very well cost them the next several elections. But you'll vote for them because they're good at talking the talk even though they can't walk the walk?


Of course it might be with having control of both houses of congress and the executive branch, the blame for having a deficit now squarely falls on the democrats. They can tax more or spend less at will. They could do it tomorrow if they felt like it.
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