Pages

Wednesday, June 12, 2013

Analysts See African Backlash Against China

Ghana is cracking down on foreigners involved in small-scale gold mining, known as "shallow mining," which Simons said has surged in recent years as the global price for gold has fallen making the more capital-intensive deep-pit mining less profitable. The government has rounded up more than 100 Chinese nationals for deportation.  
 
Only Ghanaians can get government concessions for shallow mining, but Simons said they then "rent" them out to foreigners who have the resources and training to actually get the gold.
 
Analysts say African countries, like Niger and Gabon, just want to get more for their natural resources - more state revenue, more local jobs and a better standard of living.  Worldwide demand for resources like oil, coal, iron ore and uranium has strengthened their bargaining position.  Many countries are also increasingly concerned about exploitative or illegal practices.
http://www.voanews.com/content/analysts-see-african-backlash-against-china/1679560.html

No comments:

Post a Comment