THUNDERMIN RESOURCES
JOHN … please sell or turn over property rights , leases etc. to the Chinese
Let them develop these properties,
Take your buyout, whatever and move on …
Shareholders need some fresh new management with money and manpower
https://www2.macleans.ca/ june 4th
Zambian-born, Oxford- and Harvard-trained economist Dambisa Moyo, 43, first rose to prominence with her bestselling 2009 polemic Dead Aid. In it she argued that development aid from rich countries to poor African nations has left the continent mired in dependency, corruption, market distortion and deeper poverty. In her new book, Winner Take All: China’s Race for Resources and What It Means for the World, Moyo rings a new alarm. Only China, she believes, has realized the pressure that rising world prosperity is placing on increasingly scarce commodities, and has begun to act accordingly
Q: Is there another commodity that will soon join oil atop the political-economic heap?
A: Oil is the commodity that dominates the political conversation. The U.S. Energy Information Administration projects the average price will reach US$135 per barrel by 2035. But we are going to start hearing more and more about other commodity shortages. Water is one major one. American intelligence agencies have raised the alarm over increasing risks of water-based conflicts around the world. Some industrial commodities, including copper, have mounting supply and demand imbalances. Consider the top three sectors using copper: electrical and electronic (42 per cent), construction (28 per cent), and transportation (12 per cent). The three billion new middle-class people by 2030 will want computers, TVs, washing machines, cellphones and dishwashers.They will live in new buildings and buy new cars. All of that means a heavy demand for copper, a mineral that is costly to extract and in increasingly short supply. Since 2003, copper inventories have declined 32 per cent and the price has increased by almost 400 per cent. And mining businesses will have to go much farther afield to more risky countries and terrains in order to source it. This is a preview of the mounting imbalance between supply and demand.
Just my humble opinion … could it be any worse ?