nuclear-news

Conflict on African continent hampers mining industries

Conflict on continent hampers mining industries Mining Weekly

By:Megan Wait 10 July 09Foreign nations’ and companies’ interests in African resources also lead to negative effects. Many foreign companies on the continent are primarily extractive. This means that the countries are seen as suppliers of raw materials, which are exported for processing to other countries. This prevents the esta- blishment of manufacturing and service industries in these countries, which inhibits job creation. The export taxes also create expenses for the country, which is chroni- cally strapped for revenue.

Meanwhile, French nuclear company Areva’s subsidiary, uranium explorer UraMin, reports that the company, although at peace with the government, is concerned about its uranium-excavating project Bakouma, in the Central African Republic (CAR)……………………………….The negative perception of the political, societal and economic situation in Africa, weak leadership and poor governance, and the lack of regional coherence and identity create structural problems that continue the cycle of poverty and insecurity.

Conflict on continent hampers mining industries

July 10, 2009 - Posted by Christina Macpherson | business and costs, France | antinuclear, AREVA, indigenous, nuclear, nuclear costs