Topic: Helpful mineral resources (Read 725 times)

And the greatest tragedy is that the more time passes in which this situation is not corrected the more difficult it becomes to try to do it, as the world does not wait for anyone so the gap between the African continent and the rest is only growing wider as more technologies are discovered and implemented, so unless there is a change on the policies of most of those countries they could get to a point in which getting on equal ground may be impossible even if they finally decide to try to change things up.

There is so much corruption can do to you and it is as well taking a great turn in the social and political life’s of the African continent as a whole. Despite the wealth in human and natural resources, the continent remains one of the poorest due to an ideology that pushes everyone to seek means of getting individual wealth to keep not just for themselves but for there generations. In this, the idea of a poor Africa is established and they never believe it could get better so they don’t put much effort to make things better than the way they met it. Having stakes in all the mismanagement of funds and diversion of resources.

Virtually all military conflicts today - under various pretexts - are due to the redistribution of resources. Fresh water reserves are running out, mines are being depleted, etc. Yes, officially we are told that everything is wonderful, but the reality is probably far from ideal. Life often brings surprises

This is heartbreaking because lots of people especially children are affected by the worse situation of poverty in the said country. Many has been suffering due to hunger and lack of food despite the existence of the natural resources in these countries because the leaders who are supposed to keep the foundation of their economic situation firm, are making the situation worse for them
Corruption could really ruin and hinder the economic growth of each country. If these corrupt officials will continue with their wrong doings, they will surely face downfall in the future.
I hope corruption would end for them soon so people especially the younger generation could live in peace.

This is one of the reason there is conflict in country like Niger because there politicians are very corrupt and mismanaging the economy in an appropriate way. Many African countries are corrupt that is why they keep depending the West for aids and palliatives. The African countries have what it take to make the whole continent sufficient with enough natural resources. I hope different countries in Africa will get to understand the value of what they have and not mismanage there resources in a way the will keep there region in poverty.

Supposedly with so many natural resources owned by African countries it can bring prosperity to all the people there, but unfortunately it didn't go well and there are still many people suffering in poverty when we read the news there. It's the same as my country which has abundant natural products, but people's lives in general are far from prosperous. To be honest, the government mismanaged and they have never been able to create prosperity for their people and that is why even though natural products are abundant people are still living on the poverty line.

Just imagine owning oil and exporting it overseas to be processed and re-imported to be sold at high prices in the oil-producing countries themselves. Whereas when the oil is processed in the country itself, it will generate jobs for local residents and can be sold at a more affordable price. The rest can be exported as refined oil to other countries, so that the country's income can be greater and prosperity can be created for a much larger percentage.

Having a mineral resources doesn't guarantee that you will have the capacity to refined them to the finish products but a country who has smart politicians will not depends on exportation forever, they are supposed to sell for a particular time, generate the revenue and to improve the country and increase their target reserves so that with time, they will build one of the company to refine the natural resources for exportation and make the same money they are giving out to import this products. However, when corruption becomes the first thing politicians value the most, the country continue to borrow even with the available natural resources they have in aboundant, it crazy and pitiful to see a country suffer high rate of poverty even when they are swimming inside wealth of God gifts.

Since Africa is a country rich in natural resources with 40 percent of the world's gold and up to 90 percent of its chromium and platinum. The largest reserves of cobalt, diamonds, platinum and uranium in the world are in Africa. If Africans people are able to take advantage of this resources then they will be in better condition. African continent is blessed with minerals and natural resources that's why African governments should think about how to extract the natural resources. Then they don't have to depend upon other country and Africa can improve the welfare of its citizens.

Natural resources in developing countries are usually managed by developed countries or corrupt government companies, this also happens in my country because natural products are managed by many foreign companies or government companies but the annual report always says loss and continue.

Well, though the government is not obliged to provide the resources to individuals but the money that they can make through them can be used for the development of the country and the well-being of the people living in that country, so it ultimately is to provide useful stuff to their citizens. Countries that lack the necessary technologies and tools to extract and process those minerals and resources tend to make contracts with other countries which makes them lose control over the resources.

You are right that education is important but education can only work in such a situation if it has been worked upon in the past, and maybe if leaders are educated and wise, they won't ask other countries to come and take out the minerals and pay them a commission in return but just borrow some money to buy the equipment to do everything and then repay the loans.

I think the situation is changing after what happened recently in Niger and Burkina Faso. In both countries, a military coup took place to seize power from those who say they are agents of the West to steal the country's resources. The new leaders of both countries stopped all agreements with France and forced its citizens to leave. What is interesting about these facts is that France, along with other Western countries, depends on the two countries' resources of gold, nickel, uranium and other minerals. This explains the call of those countries for military intervention to protect their interests, which apparently cannot be compensated for by other sources.
This is in addition to the countries allied to Russia, who are in the process of stopping cooperation with Western countries that have been draining their resources for centuries.

It is not really a conspiracy theory, it makes sense for countries to want to buy commodities for the cheapest price possible and through history we have seen whole countries being subjugated in order to fulfill this goal, so it would be silly to think that somehow this behavior stopped during the 20th century and beyond, it is just the methods used now are more subtle but it is still possible to achieve the same results, and when you add inept and corrupt politicians to the mix then it is easy to explain why the African continent despite its resources remains behind other continents.

Without education a person is blind and one does not have any idea that how to handle these resources and how to provide these resources to every individual of country.

For managing such activities it is necessary that the leader of a country should be educated. Although some people are brilliant without education but brilliant individual with education is better than brilliant individual without education. Some countries does not have any technology to make actual use of resources and introduction of technologies are greatly related with educated people.

That is the hope of everyone in the third state, including my country which still lacks human resources but has natural resources that are complex enough to support people's welfare, but with a lack of human resources to utilize natural resources is very difficult, they are forced to sell it to other countries to gain profits and meet the state budget. There are so many cases of the use of natural resources in my country that are binding with other countries which are utilized without giving my country great benefits.
For example in the case of nickel, the ban on nickel exports caused chaos with European countries because they used to buy raw nickel from my country, then when it stopped, the European Union reported to the WTO because my country no longer wanted to export raw goods because it wanted to produce it itself so that it would have more value. in selling out, but they seem to be tormented by this decision and my country is under threat.

Corruption has eaten African countries deeply to the point the military is now doing coups up and down and that scares me, and as much as there is a high level of stealing and theft in democracy, I don't like to be ruled by a military government, this madness is already spread within West African countries; I believe in democracy because it has worked for the west if its properly manage here with everyone following the rule, it will prosper in the Africa horizon as well, we should encourage impunity and discourage dictatorship, I don't pray to wake up one day and see a gun pointed on my head for violation that the court can penalize me for, that's gonna be hell for everyone.

Furthermore, colonialism has been a form of a parasitic relationship between African countries and the West, they benefit more from Africa than the way they benefit from us but let us not lie to ourselves, we need allies and friends to stay ahead of others, any African country that thinks they will hate the west because of their greed is doing so to hurt its people, we need each other to survive the heat periods, we need the west for development because they are ahead of Africans by innovations and creativities, and in return, they also need the resources around us but then it has to be a mutual relationship instead of the usual over dependency on each other.

I couldn't agree more. This kind of system that you stated is a good way to keep most of the resources in the country but also create opportunities to produce goods with fair rates locally. Moreover, it also opens ways and opportunities for work which essentially helps the economy of the country. It is a good way to preserve and give much value to local mineral resources.

this is where the role of human resources must be corrected, currently the government in my country has started to prohibit exports in the form of raw materials to other countries, but at least it is processed in my country that way besides increasing selling prices, it will also absorb labor and we can learn to process it ourselves, so that finally when the contract is over we can fully control natural wealth and process it ourselves to sell it in the form of finished goods. that way there will be many benefits for the country including the welfare of the people

Multinational firms, governments, and often a mix of the two are common proprietors in Africa's extractive industries. However, because of complex subcontractor, intermediary, and third party networks, determining the final beneficiaries can be difficult

Royalties and corporate income taxes are common components of the taxation of the extraction of natural resources. Public services and infrastructure should theoretically be supported by these levies, but in practice, these monies may be misused or mismanaged

The ratio of state-owned to privately owned businesses varies widely, both between countries and commodities. It is rarely easy to assign a precise percentage because of the convoluted nature of the legal and financial systems involved

The worth of these materials is mostly established by global markets. The value upon extraction, however, is generally much lower than the final market price because of the value gained during processing and refining

After being refined, the value of some materials can soar. However, most African countries lack the infrastructure to fully process these resources, causing them to miss out on substantial economic prospects.

I dont think that in the minerals that could help the Philippines might increase the price or it could help, most of the minerals here is the marbles, those are commonly used for the structures we are using, next is the under the cave stones you can find in the upper side or even the under of the caves but those are preserve by the government and few gold you can find here but those really destroy the beauty of the Philippines reason why most of the miners now prevented by the government.

I couldn't agree more. Same goes for my country. Despite being rich of these resources we often export them to be used by other countries for their product and then will be imported back here and be sold with a high rate. Once you asked why it is expensive they will tell you that it is because of the rare products used to make it, then you'll realized the said products is locally found and there are a lot of them. Typical import and export system.