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OT: Obama. Is he a good choice for Africa?
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[QUOTE]Originally posted by Doug M: [QB] I did post the data Kenndo. The gold and mineral sector of Tanzania is run by whites. YOU just see blacks WORKING there and think that they RUN the companies. THEY DONT. Just because blacks are in the GOVERNMENT don't mean they OWN the companies. Stop DENYING and IGNORING the facts. You STILL haven't posted one MAJOR INDUSTRIAL COMPANY owned and controlled by blacks. I don't want statistics. NAME THE COMPANY and PROVIDE A LINK to the COMPANY. I can PROVIDE links to the MAJOR MINING companies in Tanzania and they ARE NOT RUN BY BLACKS. YOU just keep denying it. Here is the link again since you keep ignoring it: http://www.kilimanjarominingcompany.com/corporate/management.htm http://www.tanzaniteone.com/tanzaniteone_corp_info.htm The GOVERNMENT of Tanzania is ENCOURAGING foreigners to COME to Tanzania and MAKE MONEY. It is NOT encouraging BLACKS to MAKE MONEY through OWNERSHIP, CONTROL, PROCESSING and SALE of THEIR OWN resources. The MINING and GEMSTONE industry is an INTERNATIONAL industry OWNED AND CONTROLLED by WHITES, ASIANS and to some degree Arabs. BLACKS both in Africa, India and ELSEWHERE make up the BULK of the LOW PAGE LABORERS. [QUOTE] Cobuy, a renowned house of jewelry based in South Korea, has fallen in love with tanzanite. They are now in the country to asses the possibility of investing in the blue gemstones, which are mined at Mererani in Manyara Region. A five-man delegation from the Seoul-based firm was in Mererani over the weekend in order to negotiate with a local firm on plans to transfer modern lapidary technology, among other wide potential investment items. `We are here to see whether we can set up a modern lapidary plant on joint venture basis with a local firm,` said Cobuy President Jae-Hyung Kwon at Mererani. [b] If all goes well, the project will end the concern of small-scale tanzanite miners about the exportation of raw Tanzanite gemstones because they lose a lot of money through the process.[/b] The Korean firm`s delegation has signed a Memorandum of Understanding in Dar es Salaam with Interstate Mining Tanzania�s Chief Executive Officer Henry Nyiti. They later they paid a visit to Mererani to check the possibility of working together with local miners in buying, polishing and marketing of tanzanite gemstone. The Cobuy management has heeded a call made by President Jakaya Kikwete for South Korean giant investors to come to Tanzania and seek for possibilities of investing in various sectors. President Kikwete visited South Korea towards the end of last year. The President was accompanied by a group of local miners and mineral dealers. The Cobuy chief said that his company planned to train local Tanzanite miners on how to cut and polish tanzanite at internationally recognized standards. `Having held a wide range of talks with Prime Minister Edward Lowassa and some ministers, we were informed of tax procedures followed by investors. We are convinced that we shall come back to invest in Tanzania,` Kwon said. Tanzanite was first discovered in 1967 in north of the country. As one of the newest and most exotically colored gemstones, it is part of the zoisite mineral species and is only found in East Africa. The government announced in 2003 that it would ensure that all tanzanite gemstones would be locally processed before being exported come 2005. `However, two years and half down the line, the government has done nothing to enforce its decision,` said the Chairman of Tanzania Mineral Dealers Association, Sammy Mollel. Mollel said at the moment, 80 per cent of licensed tanzanite dealers owned two or three cutting and polishing machineries. `We are prepared and are capable of adding value to our products,` he said. He observed that cutting tanzanite locally would minimize smuggling, create employment for local people and make the industry contribute immensely to the government in terms of revenue. [b] According to Mollel, the tanzanite sub-sector employs about 250,000 people in Jaypur India; where the unprocessed gemstone is cut and polished for re-export.[/b] [/QUOTE] http://www.ippmedia.com/ipp/guardian/2007/02/02/83589.html The Africans MINE the gems but is the DEALERS and TRADERS who make all the money, because they pay VERY LITTLE to the Africans, then turn around and sell these gems at HIGHER PRICES on the international market, for both PROCESSED and UNPROCESSED gems. [/QB][/QUOTE]
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