Helpful mineral resources - page 4. | Bitcointalksearch.org

Gyfts

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Quote from: dothebeats on May 17, 2023, 07:46:37 PM

Africa's natural resources were always ripe for the picking, however those who are seated on its governments with their corrupt practices are what's rife for harnessing these resources, too. You have some countries that are slowly being sold to China through the absurd loans that these countries are getting for infrastructure and economic development that produces nothing for the citizens and instead, fatten their wallets. Imagine, just the gold and titanium alone in that continent is enough to boost the region's economy by a lot but no, those who have the power to oversee these resources are incompetent and are outright corrupt to the core.

A lot of countries have already tried to capitalize on Africa's minerals but China in particular had tried to establish partnerships with Africa in the early 2000's through mutual business development. Many of those partnerships failed, but I digress. I assume China would've attempted to set up debt traps to African nations had they had an opportunity, but nothing ever came to fruition.

A lot of private enterprises are using up cheap African labor and minerals for their products (EV batteries and such). Too many African countries are far behind in development which doesn't give them the technology to monetize natural resources without the use of intermediaries.

Wakate

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Quote from: Godlovesyou on May 17, 2023, 03:08:30 AM

Africans are blessed with a lot of minerals that if this resources are gainfully used for benefit of their citizens, this God given resources would add colours to Africans. Countries in Africans like Nigeria, Serial Leone, Ghana, kenya, south Africa and lots more you will a lot of natural resources either misused or abandon by government and even if they see need to use them, is either abused or mismanaged. Petrol in Nigeria till today is been refined outside country and still import back to Nigeria on a high price, lots of minerals like coals, salt, kerosene, gas, petroleum and so on but no appropriate handling of this resources, so even the citizens can not benefit from it. If Africa can make use of their resources well, they will be more independent, free from indebtedness and indirect colonial system of other countries.

There are many countries just like Africa in the world that had not established there mineral resources they have because of bad government, mismanagement, conflicts, poor education and many things that is why it still look like some countries in Africa are not fit to stand as an independent country because of lack of knowledge and necessary tools to establish a market for the raw materials they got from the nature. There are many countries suffering I'm Africa because of bad government which had mad the entire country looks very poor.

karmamiu

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Quote from: xSkylarx on May 20, 2023, 08:49:34 AM

There are really a lot of natural resources there, but the government is not taking action, and there are also a lot of corrupt people there that only think of themselves and not the country alone. Also, also Africa has low support from other countries, which means low investors, so the government can't earn money to start processing things there and not selling them as raw materials as it can gain more profit from it.

We could say that they were doing illlegal schemes and exploiting natural resources from everyone, but would you also understood how the way they manage their lives? We all know they are curropt to the point that we hate them, but, is that enough reason for us to hate them? Although it is and it's not that we are criticizing them but they are all monoplozing everything and been all doing monopoloy over centuries, and that's all what made them who theybare today., but what we are truly thinking generally is all about our own financial security.

AnonBitCoiner

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There are lots of countries which has a good resources but they don't know how to use it I think if understanding of the proper use of these resources become easy then there will be no country which will be deprived of anything.

There are some countries which exchanges their extra resources with other countries by that resources which are scares in that country so its also a good idea for making a country prosperous. Coals, salts, petrol are also present in maximum amount in our country and our leaders has the ability to use these resources in a better way.

cydrix

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They are without a doubt abundant in those mineral deposits. But do they have any agreements with other nations that pay them to operate and mine all of those reserves as well? And since they are tied to them, it is difficult to have that clause deleted because the stakes are friendship and the continued existence of the relationship established through business. Yes, it will greatly aid in debt relief and assist people improve their standard of living, but because it's a part of the system, there is a fault.

xSkylarx

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There are really a lot of natural resources there, but the government is not taking action, and there are also a lot of corrupt people there that only think of themselves and not the country alone. Also, also Africa has low support from other countries, which means low investors, so the government can't earn money to start processing things there and not selling them as raw materials as it can gain more profit from it.

axxo

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Quote from: Godlovesyou on May 17, 2023, 03:08:30 AM

Africans are blessed with a lot of minerals that if this resources are gainfully used for benefit of their citizens, this God given resources would add colours to Africans. Countries in Africans like Nigeria, Serial Leone, Ghana, kenya, south Africa and lots more you will a lot of natural resources either misused or abandon by government and even if they see need to use them, is either abused or mismanaged. Petrol in Nigeria till today is been refined outside country and still import back to Nigeria on a high price, lots of minerals like coals, salt, kerosene, gas, petroleum and so on but no appropriate handling of this resources, so even the citizens can not benefit from it. If Africa can make use of their resources well, they will be more independent, free from indebtedness and indirect colonial system of other countries.

Africa is very rich in resources but still they cannot benefit from those mineral resources is because of Lack of infrastructure. To be able to develop and utilize the mineral resources of a country it requires a significant investment in infrastructures such as roads, pipelines and ports. Many of African countries lack of the necessary infrastructure to fully exploit their natural resources. Another one is the Political instability and conflict can create uncertainty for investors and make it difficult to develop natural resources. Natural resources have been a source of conflict and tension in African countries. Limited access to capital is also affects it, there is a difficulty to African countries to access capital investment due to limited financial resources or a lack of foreign investment.

stompix

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This is another example of how the actual population is the one deciding the fate of a country
- you can have billions in resources, but that's not like those were given to you or you earned them somehow, it's just that in the lottery of life, you were born there and not on a completely different continent, so one shouldn't feel entitled just by that
- you can have almost no resources but ingenuity born out of shortages will help you way more than just having your meal dropping on your head every day, see how Japan industrialized itself

Besides, since the discussions start with we have resources, we need to be wealthy, It is clear how this will go long term even if those resources will be exploited, a classic example of Dutch disease where everyone would simply depend on the price of minerals on the markets.

Quote from: hugeblack on May 18, 2023, 05:33:39 AM

Wishes have no place here, as they stand against the economic launches of companies that make commercial profits from those cheap raw resources. Even if governments decide that, some countries will prevent them, as is happening in some African countries, as they cannot create their own currency and all of their local currencies are printed in France.

And the ability to print money has been always a double-edged sword, look at what this did to the Zimbabwe dollar, the Sudanese pound, the Naira, and the SAR rand, almost all of the currencies have lost 80% vs the dollar, while the CAF, it was 0.0019 in 2003 it's 0.0017 now 20 years later.

mm2543363580

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Mineral resources are things that are gifted to you by nature and God you can make the most out of it by extracting them and using them to its fullest.
The main task with mineral resources is their mining and extraction I'd you'll do that you will waste your gift and deprive yourself from many benefits .

DrBeer

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The presence of large deposits of natural resources is not a synonym for "rich life."
There is still a long way to go between resources and finished raw materials for production, or finished goods.
for example - sand (silicon) is everywhere. But the production of processors is a unique product with a huge added value!
Start with a question - exploration: is Africa ready to do it itself? If not, there is a loss due to the payment of external specialists.
Is Africa ready to mine itself? If not - again a loss, because. you need to buy expensive Western equipment ...
Is Africa ready to do the primary processing itself to the finished product for which there is a demand in the market? If not - again additional costs - you also need to buy cleaning / melting / ... technologies.
Is Africa ready to provide the logistics, support and contract guarantees? ....
In a word, only the presence of deposits does not mean anything, and it is not a fact that this will bring tangible profit to a country or region

savetheFORUM

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Quote from: DanWalker on May 17, 2023, 04:37:40 AM

Not only countries in Africa have large mineral resources, many other third world countries also have rich resources. They have mineral resources but lack the technology and machines to mine and process them, this is the situation in most poor countries. Instead, they look to developed countries that have the technology to help them do that, and of course, the developed countries will take advantage and find ways to keep their distance so that they have more benefits.
I think the 3rd world countries rich in mineral resources will find it difficult to self-exploit and produce in the future, the great powers will find all ways to restrain and make poor countries dependent on them. That's why the world still has huge disparities between countries.

That's true, a lot of third-world countries have a lot of natural resources, they may extract and use some of them but most of them are given on a contract basis to other countries for them to extract and utilize them and share a percentage of the profit I believe, though I'm not sure how their business work, but it's true that smaller countries do take help from others in such cases.

A country that can make use of the natural resources themselves can prosper and have a great economy and a much better future for the country since they can work on the development of almost everything within the country with the help of the money they can make from those natural resources.

Yatsan

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Quote from: Godlovesyou on May 17, 2023, 03:08:30 AM

Africans are blessed with a lot of minerals that if this resources are gainfully used for benefit of their citizens, this God given resources would add colours to Africans. Countries in Africans like Nigeria, Serial Leone, Ghana, kenya, south Africa and lots more you will a lot of natural resources either misused or abandon by government and even if they see need to use them, is either abused or mismanaged. Petrol in Nigeria till today is been refined outside country and still import back to Nigeria on a high price, lots of minerals like coals, salt, kerosene, gas, petroleum and so on but no appropriate handling of this resources, so even the citizens can not benefit from it. If Africa can make use of their resources well, they will be more independent, free from indebtedness and indirect colonial system of other countries.

Problem is lack of knowledge. Most areas in Africa were deprived of education. Minerals will just be a potential but won't be too beneficial if people cannot utilize it in such way their economy would make use of it on global trade of goods. Another indeed is resources such as tools and equipments for them to make use of those minerals. Usually, on third world countries, foreign countries are ones who make use or take advantage of the circumstance, they become the capitalists in that country. Same thing happens in my country wherein most of the big companies are owned by foreign people. Even with agricultural movements, locals are being used as workforce.

hugeblack

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Wishes have no place here, as they stand against the economic launches of companies that make commercial profits from those cheap raw resources. Even if governments decide that, some countries will prevent them, as is happening in some African countries, as they cannot create their own currency and all of their local currencies are printed in France.

Therefore, the problem is political and economic, and this struggle for influence will not end with political solutions except with military and structural changes that enable the individuals of those countries to recover their resources, and until that happens, they will not be able to do many things.

tabas

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Quote from: Godlovesyou on May 17, 2023, 03:08:30 AM

If Africa can make use of their resources well, they will be more independent, free from indebtedness and indirect colonial system of other countries.

There is no doubt that they're rich with those mineral deposits. But do they've got some partnerships with other countries that also pays them to operate and dig up all of those deposits right? And that part of the contract is hard to get removed when they're bind together with them and the stake is all about being friends to them and the relationship that's built through business will remain. Yes, it will help a lot to get out of debt and make themselves have a better living but it's part of the system and with such, there's a flaw.

dothebeats

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Africa's natural resources were always ripe for the picking, however those who are seated on its governments with their corrupt practices are what's rife for harnessing these resources, too. You have some countries that are slowly being sold to China through the absurd loans that these countries are getting for infrastructure and economic development that produces nothing for the citizens and instead, fatten their wallets. Imagine, just the gold and titanium alone in that continent is enough to boost the region's economy by a lot but no, those who have the power to oversee these resources are incompetent and are outright corrupt to the core.

batang_bitcoin

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Actually, you're right with that matter about Africa being rich in natural/mineral resources but it's been exploited by other countries into thinking that they should sell it to them and they'll get paid for it. It's sad this has been happening for a very long time and there's no teeth to the law of those countries that are being exploited with their mineral resources. There are many reasons why despite being rich in these natural resources and it's not being benefited by its own people is either due to politics, poor or mismanagement of government and lack of interest from the people who have the voice to speak of their own but even if they speak and voice their thoughts to the government, they'll not be heard and that is because money is power in those areas.

Quote from: Godlovesyou on May 17, 2023, 03:08:30 AM

Serial Leone

By the way, it's Sierra Leone.

BIT-BENDER

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Natural resources are found everywhere in the world, there is no country that would say they don't have any natural resources just that some country have more of a resources than other countries and also we have to also check which resources has more demand this would determine the worth of the resources. Africa is bless with a good amount of natural resources than many places in the world but still is backwards in terms of development.

I can say it's not about the amount of natural resources a country has but it's also important how the country manages their resources, for example Saudi Arabia and Nigeria has close to equal amount of crude oil natural resources but Saudi Arabia is far developed than Nigeria, government miss management plays a role in determining if the resources would be helpful to the country.

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We know African countries are blessed with many resources, The political class must make the right policies that will make Africa attract the right investors that will tap her rich resources. African countries governments should think about how to extract the natural resources that Africa has from nature. Because natural resources are endless, if they can extract natural resources well, then they can export those resources to different countries and the economic system of their countries will be strengthened a lot.

Fortify

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Quote from: Godlovesyou on May 17, 2023, 03:08:30 AM

Africans are blessed with a lot of minerals that if this resources are gainfully used for benefit of their citizens, this God given resources would add colours to Africans. Countries in Africans like Nigeria, Serial Leone, Ghana, kenya, south Africa and lots more you will a lot of natural resources either misused or abandon by government and even if they see need to use them, is either abused or mismanaged. Petrol in Nigeria till today is been refined outside country and still import back to Nigeria on a high price, lots of minerals like coals, salt, kerosene, gas, petroleum and so on but no appropriate handling of this resources, so even the citizens can not benefit from it. If Africa can make use of their resources well, they will be more independent, free from indebtedness and indirect colonial system of other countries.

Sadly it seems the modern world has overtaken Africa, many countries stripped their resources because guns versus arrows ended in one result hundreds of years ago. They had so many tribes split across the continent that made it hard to borders to establish and the climate conditions made it especially difficult to develop the infrastructure that is available in places like Europe. While some countries built railway systems in Africa it has barely been worked on since they left. The politicians of these countries often take a very short term view and purely enrich their own families. Who can blame them quite frankly because their is such cut throat corruption in these places that someone else will step into their place quite easily while the average person scrambles for the limits resources left over.

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The truth is that Africa is a continent that is very rich in resources and minerals of many different types, but it lacks many advanced technological methods to exploit and use them, turning them into staple products in the economic sector as well as promoting other economic sectors. Hence, the endowed resources given by nature gradually become wasted, and as far as I know, most of their resources are exploited by foreign capitalist companies. This may be good in the short term, but in the long run, I think of it as an act of enriching other capitalist countries.

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