mining

Mining the Congo

Can the mining industry brighten Congo’s economy? Possibly, says NPR’s Gwen Thompkins. The corrupt dictatorship of Mobutu Sese Seko and years of civil war have all but destroyed the economy of the Democratic Republic of the Congo. While political stability has increased since the DRC held its first free elections in 2006, weak infrastructure and continued regional violence still hinder any kind of substantial economic growth.

In the past, the profits gained from the country’s vast mineral resources have largely gone into the pockets of middlemen and corrupt government officials, with little benefit to the average Congolese. Yet the DRC sits atop what remain the world’s largest reserves of copper, tantalum, and coltan – minerals that are used in everything from cell phones to jet engines. Investors are showing increased interest in gaining access to these minerals: state-owned China Railway Group is set to fund $2.9 billion joint investment project in partnership with Gecamines, the DRC's state mining company. If carried out correctly, the excavation and sale of mineral resources could jumpstart the DRC’s economy and help get it back on its feet.

Could mining boost DRC's economy? Photo: <a href="http://www.flickr.com/photos/fredr/1365257009/">FredR (flickr)</a>
Could mining boost DRC's economy? Photo: FredR (flickr)

From the Archives

Rough Trade - Diamond Industry Still Funding Bloody Conflict

Previously filed under: Africa, Global Economy
The global diamond trade is continuing to fund vicious civil wars despite international efforts to blacklist 'conflict diamonds'.

From the Archives

Sierra Leone - Mining Inspires Hope, Poses Challenges

Topics: Economic Development
Countries: Sierra Leone
Previously filed under: Africa, Global Economy
Mining offers an economic opportunity for Sierra Leone, but at what cost?
Keywords: mining, Africa

Breaking News

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All Africa - Fri, 05/09/2008 - 04:01
THE GOSPEL of sustainable use of Namibia's natural resources is increasingly being preached in many parts of the country.

Kenya's cabinet learns the ropes

BBC News - Fri, 05/09/2008 - 04:37
Kenya's power-sharing cabinet meets for the first time for former rivals to learn how to work as a team.

Burma rejects need for foreign aid workers, UN blasts regime

Times Online - Fri, 05/09/2008 - 00:11
Eyewitness report from disaster-struck region

Burma shuns foreign aid workers

BBC News - Fri, 05/09/2008 - 03:55
Burma wants aid but is "not ready" for foreign experts, its foreign ministry says, as fears grow for cyclone survivors.

The future of social networking: mobile phones

Times Online - Thu, 05/08/2008 - 16:00
Picture this: a young woman goes to a party. She doesn't know anyone but it's fine because she has her mobile with her. A few clicks and she accesses the profiles of a dozen people at the party, including their pictures. She's in luck: two of them turn out to be friends of friends. She messages them and they start to chat.

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