Tomm Jeff
Which Continent Has The Most Natural Resources – Every continent in the world has different natural resources. Africa has rich natural resources such as oil, copper, diamonds, bauxite, lithium, gold, tropical forests and tropical fruits. 30% of the world’s mineral resources are found in the African continent. In addition, Africa has the most precious metal in the world. Despite its wealth of natural resources, Africa still lags behind in development due to corruption and mismanagement of resources.
12% of the world’s oil production comes from Africa. Oil is formed by the decay of fossils over a million years. The leading oil producing countries in Africa are Nigeria, Libya, Angola, Algeria and Egypt. These countries produced more than 8.7 million barrels of oil per day in 2014. Nigeria and Libya rank among the top ten countries with the largest oil reserves in the world with Libya having 48 billion barrels and Nigeria having 37 billion barrels. Most of the oil produced in Africa is shipped to Europe and America where it is refined and destroyed.
Which Continent Has The Most Natural Resources
Africa has a rich wealth of precious metals such as gold, cobalt and platinum. These iron reserves are worth billions of dollars. This continent is home to the most precious metal – gold. Gold is highly sought after in the jewelery industry, financial markets and used as an alternative investment option. South Africa is the top gold producer in Africa. Other African countries that are leading gold producers include Benin, Morocco and Gambia. Cobalt is another precious metal that is widely produced on the continent. Productivity is key in the production of electric vehicles. Two-thirds of the world’s cobalt is produced in the DRC. Platinum is one of the rarest metals and it has large reserves in South Africa. Platinum is used to make jewelry, electronics, and medical equipment.
Mapping Africa’s Natural Resources
Wood is an important resource in construction and furniture. Many African countries have large amounts of natural forests that produce timber. Ten countries belong to the International Tropical Tree System. These include Cameroon, Gabon, Togo, Liberia, Ivory Coast, Nigeria, DRC and Ghana. These countries are some of the largest timber producers in the world. Most of the timber produced in Africa is exported to China, UK, France and USA.
Unlike the other six continents, Africa is rich in valuable natural resources. Many of these products are in demand worldwide. Despite all the products commonly grown on the continent, most African countries have little use for the resource. High levels of corruption, lack of policy in economic management, poor resource allocation, scarcity and political instability are some of the reasons that affect the continent. These problems must be addressed so that African countries can take advantage of the many resources they have. Beneath the surface of Africa lies a wealth of its most valuable mineral resources. In 2019, the continent produced nearly 1 billion tons of minerals worth $406 billion.
According to the United Nations, Africa holds 30 percent of the world’s mineral reserves, 12 percent of the world’s oil reserves, and 8 percent of the world’s natural gas.
The continent contains 40 percent of the world’s gold and 90 percent of chrome and platinum – both precious metals.
Top 10 Countries With Most Natural Resources In The World
Most of the electricity we use today is based on several minerals – from aluminum to zinc.
By 2021, 1.5 billion mobile phones will be sold worldwide – up from 122 million units sold in 2007. By 2020, nearly four-fifths (78 percent) will own a phone. .
More than half of a mobile phone’s components, including electronics, screen, battery and speakers, are made from extracted and semi-processed materials.
Lithium and cobalt are the most important metals used to manufacture batteries. In 2019, 63 percent of the world’s cobalt production came from the Democratic Republic of Congo.
African Biodiversity Loss Raises Risk To Human Security
Tantalum is another metal used in electronics. Tantalum capacitors are found in mobile phones, laptops and many other electronic devices. The DRC and Rwanda are the world’s largest producers of tantalum. Together they produce half of the world’s tantalum.
Oil and coal are the most abundant minerals in 22 of the 54 African countries. As of 2019, Nigeria produced most of the continent’s oil (25 percent), followed by Angola (17 percent) and Algeria (16 percent).
Metals including gold, iron, titanium, zinc and copper are the leading minerals produced in 11 countries. Ghana is the continent’s largest gold producer, followed by South Africa and Mali.
Commercial minerals such as diamonds, gypsum, salt, sulfur and phosphate are major products for 13 African countries. The DRC is the largest producer of diamonds in Africa, followed by Botswana and South Africa. Botswana is Africa’s leading producer of high-quality diamonds used in jewellery.
Africa: Human Geography
With 125 billion dollars a year, South Africa makes the most of its mineral resources. Nigeria ranks second with $53 billion a year, followed by Algeria ($39 billion), Angola ($32 billion) and Libya ($27 billion).
According to the World Mining Congress (pdf), the world produced about 17.9 billion tons of minerals in 2019.
Asia is the largest and accounts for 59 percent of the world’s total output of $1.8 billion. North America is second with 16 percent, followed by Europe with 7 percent. Africa has many natural resources including diamonds, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum and cocoa beans. and tropical fruits. Most of the natural resources are unavailable or untapped. With sparse populations, Africa was long inhabited by powerful groups that exploited African resources. Some economists have spoken of the scourge of natural disasters, many of which do not normally put Africa under stress and chaos, leading to wars and slow growth. Despite the abundance of these natural resources, many Western countries such as the United States, Canada, France, and the United Kingdom, as well as economic powers such as China, which today often use Africa’s natural resources, incur many costs and costs. From nature. Resources go to West and East Asia instead of Africa, leading to more poverty in Africa. African oil has become increasingly important, especially after the 2003 oil crisis and recent reserve discoveries. Sudan and Nigeria are the second largest producers of oil. China accounts for 40% of Sudan’s oil production. Oil is found both on and off the continent. Sudan’s oil exports in 2010 were estimated by the US State Department at $9 billion and US dollars. Five countries control oil production in Africa. Together they account for 85% of the continent’s oil production and, in descending order of production, Nigeria, Libya, Algeria, Egypt and Angola. Other oil producing countries include Gabon, Congo, Cameroon, Tunisia, Equatorial Guinea, Democratic Republic of Congo and Ivory Coast. Research is being done in many countries hoping to increase production or become the first producer. The list includes Chad, Sudan, Namibia, South Africa and Madagascar, while Mozambique and Tanzania have potential oil production. Africa has many resources, and today other continents are beginning to face resource depletion. The copper belt of Katanga, the diamond mines of Sierra Leone, Angola and Botswana are known for their large and rich yields, although they are also known for their links to corruption and insurgency. An example is the RUF (Revolutionary United Front) and the blood diamonds used to supply weapons to these rebel groups.
Africa’s natural resources have become the basis of the continent’s economy and are still an important source of population. In 2012, natural resources accounted for 77% of total exports and 42% of government revenue. Renewable resources: Nearly 20 million people work in the fisheries sector worth US$24 billion, 90 million depend on fishing for their livelihoods, and Africa is home to the world’s second largest rainforest. With more than 70 percent of the tropical, sub-Saharan population relying on forests and woodlands for their livelihoods, land in Africa is an economic development resource and a social, cultural and ontological resource, which underpins social identity, religious lifestyle, culture, gender, ethnicity and nationality. It has the highest annual rainfall in the center of the Congo Basin, the world’s second driest continent.
Geography Of The United Kingdom
Non-Renewable Resources: About 30% of the world’s mineral reserves, 10% of its oil resources and 8% of its gas resources. Most of the world’s cobalt, diamond, platinum and uranium reserves are relatively underexplored. In 2012, mining, oil and gas accounted for 28% of the continent’s GDP.
African economies have changed dramatically over the past decade. Economic growth – especially in countries rich in natural resources –
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