With eye to China investment, Taliban now preserve Buddhas

Mes Aynak (Afghanistan): The ancient Buddha statues sit in serene meditation in the caves carved into the russet cliffs of rural Afghanistan. Hundreds of meters below lies what is believed to be the world's largest deposit of copper.

Afghanistan's Taliban rulers are pinning their hopes on Beijing to turn that rich vein into revenue to salvage the cash-starved country amid crippling international sanctions.

The fighters standing guard by the rocky hillside may once have considered destroying the terracotta Buddhas. Two decades ago when the Islamic hard-line Taliban were first in power, they sparked world outrage by blowing up gigantic Buddha statues in another part of the country, calling them pagan symbols that must be purged.

But now they are intent on preserving the relics of the Mes Aynak copper mine. Doing so is key to unlocking billions in Chinese investment, said Hakumullah Mubariz, the Taliban head of security at the site, peering into the remnants of a monastery built by first-century Buddhist monks.

Protecting them is very important to us and the Chinese, he said.

Previously, Mubariz commanded a Taliban combat unit in the surrounding mountains battling with U.S.-backed Afghan forces. When those troops capitulated last year, his men rushed to secure the site. We knew it would be important for the country, he said.

The Taliban's spectacular reversal illustrates the powerful allure of Afghanistan's untapped mining sector. Successive authorities have seen the country's mineral riches, estimated to be worth 1 trillion, as the key to a prosperous future, but none have been able to develop them amid the continual war and violence. Now, multiple countries, including Iran, Russia and Turkey are looking to invest, filling the vacuum left in the wake of the chaotic U.S. withdrawal.

But Beijing is the most assertive. At Mes Aynak, it could become the first major power to take on a large-scale project in Taliban-controlled Afghanistan, potentially redrawing Asia's geopolitical map.

In 2008, the administration of Hamid Karzai signed a 30-year contract with a Chinese joint venture called MCC to extract high-grade copper from Mes Aynak. Studies show the site holds up to 12 million tons of the mineral.

But the project got tied up in logistical and contract problems, and it never got past some initial test shafts before it ground to a halt when Chinese staff left in 2014 because of continued violence. Mere months after the Taliban seized Kabul in August, consolidating power over the country, the group's newly installed acting Minister for Mining and Petroleum Shahbuddin Dilawar urged his staff to re-engage Chinese state-run companies.

Ziad Rashidi, the ministry's director of foreign relations, approached the consortium made up by MCC, China Metallurgical Group Corporation and Jiangxi Copper Ltd.