Helpful mineral resources

[savetheFORUM]

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.

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[DrBeer]

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

[mm2543363580]

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 .

[stompix]

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.

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.

[axxo]

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.

[xSkylarx]

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.

[cydrix]

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.

[AnonBitCoiner]

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.

[karmamiu]

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.

[Wakate]

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.

[Gyfts]

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.

[YinShuiSiYuan]

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.

China has eyes everywhere to extract their resources and take as much advantage if that as they can , even in Asia they have several interests for mineral resources even gold extractions .
Countries are gifted with all sort of resources and unfortunate are the ones who don't know how to make use of that.
Arabs are ruling the worlds because of their gifted oil and they never let anyone take advantage or use of that.

[Accardo]

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.

Africa is not getting enough supports from their colonies who capitalize on the natural resources in Africa ever since they colonized Africa and still have influence on the companies that work with the raw materials in Africa. Nigeria is an example of an oil producing country under the influence of Britain on their oils. Shell is owned by them and they still make loads of money through the oil company, that's why it seems like no refinery operates in the country. The price of those minerals is very expensive for citizen of Nigeria, which is not proper, they should be enjoying cheaper prices on petrol. The Government takes the blame, but they see what the citizens can't understand, instead of losing out they take their own personal share of the resources and move on while it lasts. Their colonies still have an eye on them.

[DrBeer]

I also want to warn African countries - attract normal investors for the extraction and processing of natural resources. Otherwise, China will come to you, and your resources will become China's resources, and your countries will have a lot of debts, and the economy will depend on the yuan. And this will be the financial and resource absorption of your countries.

There are already real examples - you can easily find how "Chinese investments" end ... Do not repeat their mistakes ...

[bangjoe]

I agree that Africa has a lot of abundant natural resources that are beneficial for those around it, but yes, if seen the condition of its citizens is quite sad, they do not get full benefits from the earth they live in.
But if you only lament the sadness by not being able to do anything and let them (strangers) take the wealth of Africa for their interests, it will never be finished and up to the community under its benefits, even they may only get the heat of the air arising from the industry The foreigners wake up there.
The government must take strict action in the use of natural resources that are in their territory to be beneficial for their people.
In the scheme of the use of natural resources correctly it will have an impact on a better economy but to achieve this, it requires a long -term, because the level of education and human intelligence also significantly affects if you want to utilize natural resources in the country.

[Agbe]

Wow!!! I almost missed this topic but not too late. From the political economy perspective, the world Economy system is divided into three epochs, era or periods. I might even add another call phase. The first phase of the economic system was based on agrarian in which the landlords acquire enough lands and gave to the serfs which were the servants of the lords.
How the Agrarian Era passed
Some of the talented children of the king's manufacturered irons like Cutlass, Knives, and other machines were produced, and since machines could performed much more better than human, then human labour was removed.

Exploitative era
The production was very high that European countries could not consumed all the production at that time so they were shipped down to other countries and the most affected continent was Africa.
Industrial Period
Industries was established to carry out the exploitation agenda and that caused the Berlin Conference of 1884-1885 to scramble Africa because of her natural resources to among the world powers.
Colonialism
The industrial Revolution was the one that led to the colonializations of African countries and all because of her natural resources.
Neocolonialism
This is what the Africans are suffering from today. After the colonial period the white men planted a seed and this seed is to perpetual control the African resources and any country which refused to obey this polar system will be eliminated and some African leaders were killed through this mean. Africans are use to rule the Africans for the world powers now.
Natural Resources In Africa
Africa is blessed with different natural resources plus human but all these blessings are cursed to Africans. As a literary scholars, if you are an African you are cursed and you better killed yourself and leave the corrupt world for eternity.

There are three Deltas in the whole world. Mississippi Delta, Niger Delta in Nigeria and there is another Delta in China. All the other two Deltas have been developed to the world standard but the Niger Delta in Nigeria is a Ghetoo Zone, It is a waste land of TRASH. And the OIL MINERAL NATURAL RESOURCES IS FROM THERE. What a shame.

[Halime Anatolia]

It's no secret that the government still wins in every way. if the government is honest, firm and operates according to the rules and does not prioritize the interests of groups or groups, I think it will be easy. Every investor who enters and manages state assets is obliged to deposit profits for the state and the people. especially now that there are many successful companies that always provide CSR funds for the surrounding community so that they can be used as needed.

[Fiatless]

The government must take strict action in the use of natural resources that are in their territory to be beneficial for their people.
In the scheme of the use of natural resources correctly it will have an impact on a better economy but to achieve this, it requires a long -term, because the level of education and human intelligence also significantly affects if you want to utilize natural resources in the country.

Many African countries have good leaders. Most of them are selfish and only interested in stealing the resources of the country. Leaders that should protect the people against exploitation are conniving with these foreign companies to exploit the people making them impoverished. There is no quality education that will empower Africans to maximize these abundant resources to better their lives.

It's no secret that the government still wins in every way. if the government is honest, firm and operates according to the rules and does not prioritize the interests of groups or groups, I think it will be easy. Every investor who enters and manages state assets is obliged to deposit profits for the state and the people. especially now that many successful companies always provide CSR funds for the surrounding community so that they can be used as needed.

If the government will be sincere enough to do what you have proposed @Halime Anatolia such a nation will be a better place. If the interest of people is given the right attention, the people will not suffer. Some nations have enough resources to take care of all their citizens if it is well managed. But in such nations, you will find the highest level of poverty. The problem of most nations is not a lack of resources but poor utilization.

[Wildwest]

Africa is one of the countries that has abundant natural resources, but their governments cannot manage these natural products well, until now there are still many citizens of these countries who have difficulty facing economic problems, of course this is a very big problem that must be solved by the government so that they can live more profitably in the economic field, They export crude oil because of the lack of knowledge they have until now they still cannot take advantage of the income, so this is a serious problem that they have to face.

[Flexystar]

The whole thing starts at the heart of your government. That’s why we need to choose perfect government and we need to vote to right people when choosing them. It can literally change the entire face of country overnight. I think it is all about the governing body in the Africa which has not been very fruitful till date. You can literally see that how basic needs of Africans are not fulfilled by your government. Whether it is water, food and decent shelter; nothing is really up to the mark. Some of them are literally die of hunger. So forget about the infrastructure which can uplift the Africas industrialisation. It will take time. People should start thinking in a democratic way to choose their perfect leader and then bring the change within country.