These girls might be sitting on buried treasure. Photo: Cassandra Nelson/Mercy Corps

Afghanistan may be home to $1 trillion in untapped mineral deposits, reports The New York Times. This is incredible news for a country that has been troubled by war for the past three decades. Although data on the deposits was actually drawn up by Soviets back in the 1980s, the Times report released earlier this week has everyone buzzing.

The central debate focuses on what this discovery will mean for Afghanistan. Will the deposits provide a much-needed economic revival, or make the country even more vulnerable to corruption and conflict?

Some people are hopeful, trusting the deposits to improve the country's economy and provide jobs. Thomas Gouttierre, director of the Center for Afghanistan Studies at the University of Nebraska at Omaha, describes the potential to The Christian Science Monitor:

This puts Afghanistan in a position where it can now work on its reconstruction and development with new resources ... that if exploited appropriately could incorporate many Afghans into the workforce in their country.... It helps [those trying to reconstruct the country] to have alternative economies.

Currently, Afghanistan’s economy relies primarily on illegal opium production -- a trade that fuels oppression and terrorism, points out The Huffington Post. The mineral deposits will potentially provide Afghans with a better economic base.

On the other hand, some worry that Afghanistan will fall prey to the “Natural Resource Curse,” NPR’s Planet Money explains:

Poor countries that are rich in natural resources tend to have more violent conflicts than countries with fewer resources. Their governments are more likely to be corrupt and authoritarian. And the people often don't get any richer when the government sells the country's resources on the global market.

CNN notes that natural resources have sparked fierce civil wars in places like Angola and the Democratic Republic of the Congo. Afghans are certainly familiar enough with war. Only time will tell whether the minerals spell more conflict, or will instead cut these people a much-deserved break.

What will the growth of the Mongolian mining industry mean for the country's nomadic herders? Photo: Thatcher Cook for Mercy Corps

Mongolia could soon be home to the largest copper mine in the world.

After years of negotiations, Western mining companies Rio Tinto and Ivanhoe are close to reaching an agreement with the Mongolian parliament to develop significantly the Oyu Tolgoi mine. Mineweb reports that the untapped deposit contains 78 billion pounds of copper and 45 million ounces of gold. If all goes to plan, the massive investment would double the size of Mongolia's economy and create thousands of jobs, according to NPR.

The economic crisis has hit Mongolia harder than most countries in East Asia. One in four people are out of work, NPR reports. The country’s nomadic herders – 40 percent of the population – are struggling after the price of cashmere dramatically declined earlier this year (see Manasi Sharma’s Downturn in the Gobi). Now, some are hailing Oyu Tolgoi as an immediate economic fix.

But there are several obvious challenges. First, Mongolia is highly corrupt. It is ranked 102 out of 180 countries in the latest Transparency International index, an annual rating of perceived levels of corruption (defined as the abuse of public office for private gain). Additionally, the editorial in Mineweb suggests that Russia and China may have inordinate influence over Mongolia’s mining industry. Given these two factors, how much will the average Mongolian gain?

Lastly, there are the social implications of this investment to consider. For many nomadic herders, shifting to industrial mining jobs is far from ideal, but there isn’t much else to turn to. People are desperate now that raw cashmere and other materials do not provide a reliable way to feed and clothe families. "They are losing their land, their animals, and even their culture," reported NPR’s Louisa Lim, "for a few specks of gold."

Has Kosovo's first year of independence truly been "totally successful," as Prime Minister Hasim Thaci asserts?

Nearly half of all Kosovars live in poverty, and there are only enough jobs for one out every two people.

Kosovo's economy is heavily dependent on remittances from abroad and foreign aid, two income sources expected to decline given the global financial crisis. And the foreign investment promised by the government has yet to materialize.

There remains untapped potential in the mining industry. Geologists recently discovered vast amounts of high-quality lignite coal (up to 15 billion tons) and considerable nickel, lead, zinc and bauxite deposits, and traces of gold.

But you have to wonder who would want to invest in any industry in a country ranked in the top fifth of the world’s most corrupt countries by Transparency International. Then there's the the threat of the mob. The UN mission in Kosovo estimates organized crime to account for some 15-20 percent of Kosovo's economy.

"For 10 years we linked every problem to status," said Shpend Ahmeti, director of the Institute for Advanced Studies in Pristina, referring to Kosovo's struggle to separate from Serbia. "We thought independence was going to simplify things. It has not. Independence has removed a mental block among Kosovars. Now, in every poll, the priority is not status, but jobs. We've moved from survival, to development and prosperity as a great need we don't yet have."

Despite ongoing protests by environmental and indigenous rights groups, Ecuadorean lawmakers approved a mining bill earlier this week to permit large-scale projects tapping the country’s gold, silver and copper deposits. The point of contention: Will the new law promote responsible investment or careless exploitation?

President Rafael Correa revoked nearly 80 percent of mining concessions in April 2008, which mainly affected big Canadian companies. The popular Correa, who is seeking reelection this spring, promises that the revised law will bring about better environmental controls, protection from land speculators and 300,000 new jobs.

But indigenous community organizers aren't satisfied. They say large-scale mining hurts the environment and keeps power in the hands of multinational corporations. The Confederation of Indigenous Nationalities of Ecuador (CONAIE) has continued to organize nationwide demonstrations and block roads. Last week, 9,000 indigenous people shut down transportation along the Panamerican Highway south of capital city Quito.

Indigenous-rights groups argue that the mining law contradicts the new Ecuadorean constitution, which introduced a Bill of Rights for nature that grants protection for ecosystems.

Correa criticized opponents of the law as "fundamentalists" who would "condemn us to forever be beggars sitting on a sack of gold." Others disagree. As reported in Upside Down World:

President of the CONAIE Marlon Santi pointed out that the "majority of mining concessions are on indigenous and campesino lands." He also challenged President Correa’s program of "change," saying that "the people who grow potatoes, who grow maize, who live in the Amazon and the mangroves, we are where change is coming from."

With the recent economic turmoil and the declining value of the dollar, some people are turning to gold for economic security in their time of need. In recent months, the price of gold has jumped to a high of nearly $1,000 per ounce.

In light of this, the World Bank’s private branch, the International Finance Corporation (IFC), has helped finance AngloGold Ashanti and Newmont Mining to open gold mines in the rich reserves of Ghana. These organizations claim that by developing the region's resources, they will be able to stimulate economic growth and pull the country's people out of poverty.

However, several NGOs in the region and the above Al Jazeera report claim that is the exact opposite of what this initiative has accomplished. Ghanaians in the west have been experiencing harder times as a direct result of the gold mines. Only the multinational companies that own the mines seem to be reaping the economic benefits. According to Al Jazeera, only 3 percent of the gold profits go back into Ghana.

To build the mines, these companies have also taken over many of the villagers’ farmland where they live and work. Many of the land owners of the region claim that the companies did not compensate them enough for their precious land. The people who worked on the farms were also only paid for a single harvest. Without these farms, many of these farmers have nowhere to live and no way to survive.

Furthermore, Oxfam and FIAN claim that the companies are not respecting the rights and safety of the nearby villagers. Community water sources have been polluted from improper drainage from the worker housing compounds and from the disposal of dangerous chemicals used in mining.

The development of the gold mines could lead to greater problems for Ghana on a national scale. The fertile lands of western Ghana allow even a small farm to be self-sustainable for several generations, which has helped to keep Ghana’s food stores stable. However, by favoring the gold mines over farms, Ghana may eventually begin to suffer the effects of the food crisis that is already plaguing many of its neighbors.

Despite record prices, the real beneficiaries of Ghana's gold remain questionable. Is it the people of Ghana, as the IFC and the mining companies insist, or is it the mining companies themselves?

Can the mining industry brighten Congo’s economy? Possibly, says NPR’s Gwen Thompkins. The corrupt dictatorship of Mobutu Sese Seko and years of civil war have all but destroyed the economy of the Democratic Republic of the Congo. While political stability has increased since the DRC held its first free elections in 2006, weak infrastructure and continued regional violence still hinder any kind of substantial economic growth.

In the past, the profits gained from the country’s vast mineral resources have largely gone into the pockets of middlemen and corrupt government officials, with little benefit to the average Congolese. Yet the DRC sits atop what remain the world’s largest reserves of copper, tantalum, and coltan – minerals that are used in everything from cell phones to jet engines. Investors are showing increased interest in gaining access to these minerals: state-owned China Railway Group is set to fund $2.9 billion joint investment project in partnership with Gecamines, the DRC's state mining company. If carried out correctly, the excavation and sale of mineral resources could jumpstart the DRC’s economy and help get it back on its feet.

Could mining boost DRC's economy? Photo: FredR (flickr)