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The U.S. Defense Department has estimated the value of Afghanistan's mineral reserves at $1 trillion. Other estimates have pegged it at $3 trillion or more. In December, China's state-owned National Petroleum Corp. signed a deal allowing it to become the first foreign company to exploit Afghanistan's oil and natural gas reserves. That comes three years after the China Metallurgical Construction Co. signed a contract to develop the Aynak copper mine in Logar province. Beijing's $3.5 billion stake in the mine is the largest foreign investment in Afghanistan. China's government has also contributed substantial aid to Afghanistan over the past decade in the form training and equipment for some security units and government offices, infrastructure investment, and scholarships for Afghan students. Russia, which lost nearly 15,000 troops in its disastrous 1979-1989 invasion and occupation of Afghanistan, appears keen to recover some of its lost influence there. Stemming the flow of heroin into Russia is a key concern to be met by increased intelligence work in the country and bolstered border security in surrounding states.
Moscow also has offered generous assistance to rehabilitate Soviet-era dams and power stations and is exploring natural gas exploitation and infrastructure contracts -- putting it on a potential collision course with China. Joint participation in the SCO might help paper over some of those differences, but practical cooperation remains elusive. "China and Russia have no joint approach to Afghanistan. Cooperation is basically limited to a common political stance," said Zhao Huasheng, director of the Center for Russia and Central Asia Studies of Fudan University in Shanghai.
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