Congo, My Precious. The Curse of the coltan mines in Congo

  • Published 1 year ago
  • 7

The Democratic Republic of Congo in Africa is one of the world’s most resource-rich countries in the world. Diamonds, gold, uranium, and many other rare minerals are a commodity in Congo.

All of the resources found in Congo command high prices in world commodity markets, giving Congo a potential to be one of the richest and wealthiest countries in the world. But what happens is the total opposite.

Congo lives in poverty, and the huge reason for that is the policy. Since the 1980s, poverty has worsen in the country, and now half of the country’s people live below the poverty line. The irony is that the total mineral wealth of the country is estimated to be $24 trillion, which is the GDP of Europe and the United States combined.

For years now, journalists and media have made documentaries regarding poverty in Congo. But what is most disturbing is seeing children aged 10 and younger working in the cobalt mines. Despite the copious deposits of raw materials in high demand, Congo remains one of the poorest countries in the world.

From Around the Web

Related Videos

Social
heathrow airport
youtube icon
46:08
New

If you have ever been to a big airport, you’ve noticed the abundance of people there. Some airports are just busier than others, and there are many factors behind that. For...

  • 33
  • 1 day ago
  • Not Rated
New

The Renault Trezor is the most unique electric concept car at the moment. And it will become a reality by 2020. Built by Renault, the concept car, which is an electric car, w...

  • 60
  • 1 day ago
  • Not Rated
New

Cities of the future will be bigger, more crowded, but the question, will they be more efficient? That is the question that lingers when you talk about cities that are just e...

  • 73
  • 3 days ago
  • Not Rated
New

Commodities are basic goods used in commerce that are interchangeable with other commodities of the same type. In economics, commodities are an economic good or service that ...

  • 257
  • 3 days ago
  • Not Rated
Avatar

3,990 Videos / 9,558,134 Views
Tags

Related Articles
At the time of the disaster, the Soviet Union did not want to alert the Western World, and waited 36 hours for evacuatio...
  • 197
  • 1 week ago
There are 25 minorities in Yunnan, 25 of which have more than 5,000 members. Among them, 16 are indigenous. The biggest ...
  • 253
  • 3 weeks ago
Facebook was launched in 2004, at a time when MySpace was still the King of the social media. Younger people also used H...
  • 272
  • 3 weeks ago
With just little under 70,000 residents, Colmar feels more like a quaint country village than a city. All of the archite...
  • 482
  • 1 month ago