Out of twenty “resource rich”—most of these resources are minerals such as iron ore, gold and bauxite—countries in sub-Saharan Africa, 14 have some of the lowest per capita income.
Former UN secretary-general Kofi Annan says that governments are selling mining concessions too cheap. The Democratic Republic of Congo alone lost $1 billion selling five mining assets, a comparison between the actual selling price. An independent assessment points outbecause most of these countries don’t have the required geo-data to peg a rational value to their resources; in fact, the governments often possess much lesser information than the companies.
Former UN secretary-general Kofi Annan says that governments are selling mining concessions too cheap. The Democratic Republic of Congo alone lost $1 billion selling five mining assets, a comparison between the actual selling price. An independent assessment points outbecause most of these countries don’t have the required geo-data to peg a rational value to their resources; in fact, the governments often possess much lesser information than the companies.
No comments:
Post a Comment