Does Africa own its resources?
Africa is home to some 30 percent of the world’s mineral reserves, eight per cent of the world’s natural Gas and 12 per cent of the world’s oil reserves. The continent has 40 percent of the world’s gold and up to 90 percent of its chromium and platinum.
What resources do African countries have?
Africa has a large quantity of natural resources, including diamonds, sugar, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum, and cocoa beans, but also tropical timber and tropical fruit. Recently discovered oil reserves have increased the importance of the commodity on African economies.
What kind of natural resources are found in Africa?
Exploring the Natural Wealth of Africa. The African continent is home to an abundance of natural resources that include diamonds, gold, oil, natural gas, uranium, platinum, copper, cobalt, iron, bauxite, silver, and more. In this section we will explore many aspects of these resources.
How are natural resources being exploited in Africa?
The Exploitation of Africa’s Natural Resources. The continent of Africa endows a large amount of natural resources that has been extracted and exploited for centuries. However, many African countries still rank among the poorest nations on the globe. The exploitation and sale of their natural resources to western corporations have not helped …
Which is the most abundant resource in West Africa?
Bauxite is one of the most abundant resources in West Africa. Foreign multinational mining companies are deeply invested in unearthing Aluminium ore bauxite from African countries.
How are natural resources used in other countries?
Through the years these resources have been exploited by other countries including the United States, France, Canada and the United Kingdom for various practical applications. The natural resources in Africa are used practically in many industries and in many countries every day.