Topic: Another Coup in Africa: What is the economic effect? - page 6. (Read 883 times)

Just like I have once said, the major raw material used in steel making is iron. If it is iron that you aare talking about, you can say it is the major raw material. If it is manganese that you are talking about, you will just say it is part of the raw material used in steel making. The major raw material used is iron, then followed by carbon but which is still in minute quantity.


Do not compare Gabon to Ukraine. Ukraine was invaded and there was war. It is different from what is happening to Gabon.

We do not know what Gabon military will do, they may lead the country well or not. But I just know that Africa is Africa, be it military or civilian, I am not expecting much good delivery.

Major raw material might not necessarily mean the highest quantity, it could be an important raw material in the production of steel.

It is in the public domain that most countries in Africa are influenced by their former colonial masters. They are not directly in control of the nation but they influence their policies through a puppet government.

Like a system global economy is interdependent and interconnected and dysfunctioning in a a country can affect the global economy. Have you considered why the price of cereal has been going up recently?

In steel production, the major element used is iron which consists of 97% in steel production. Other important elements are 0.05 to 1.5% of carbon, 0.3 to 0.6% of manganese and impurities like sulphur and phosphorus in small concentrations.

The president Ali Bongo Ondimba family history as the president has been since 56 years ago, but the majority of the country lives in poverty:

Is France government that is controlling the country? No. So why thinking like that.

Everything is happening within the country, not that the country is destroyed or anything bad happened to the country. We would see what the military are up to.

Just early this morning some group of soldiers in Gabon declared that they had overthrown the democratically elected government in Gabon, Africa. President Ali Bongo Ondimba has been placed under house arrest and there are also celebrations on the streets of the capital  Libreville.

Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa. Gabon has the largest manganese mine in the world and it is controlled by the French mining group Eramet. Manganese is a major raw material used to produce steel and batteries. The company that employs about 8,000 workers has suspended its operation due to this coup. There have also been concerns about the continuity of uranium mining by French-based Orano after the coup in Niger. Niger supplies about controlled 15% of France’s uranium needs.

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?