He’s been reading the Mining Journal: “Afghanistan: Who mines wins”
Richard Williams Afghan Gold and Mineral Co’s (AGM)Chief Exec says:
“With the right team, a junior company can get into the very interesting geology here and spend a relatively small amount of money doing the normal junior early stage exploration, to get the thing up the value curve.
“If I was one of the majors, I’d be sitting and watching the juniors come in here and let them do the work for a period of time while the risks are high. And then if they find something interesting, do the deal to either partner in the development or purchase the more developed assets, which is really the standard model around the world.
“The only exception to this are those large companies that are able to take that reputational risk, have bottomless pits of money and have huge political capital behind them. That’s the parastatal miners, China Metallurgical Group Corp and India’s Steel Authority of India Ltd, both of whom have secured large and interesting prospects.”
However, AGM stands out for its strong Afghan contingent, he says. “There are three teams on the ground at the moment – the Indians, the Chinese, and us. What sets AGM apart is that it is 51% owned by an Afghan, it’s 51:49. This is an Afghan company, 95% of the staff are Afghans. We’ve got Afghan laboratories, Afghan drilling companies, Afghan mining companies.
Edit: While nobody is looking trump is getting dirty in the mining sector.