Top 10 African Countries with the Most Natural Resources

Top 10 African Countries with The Most Natural Resources
Welcome back to Displore and thanks for watching. In this video we shall take you all around Africa and shinning the light on the African countries with the most natural resources. Africa is the second largest Continent on the Earth’s surface, with a lot of natural resources and minerals, as well as a rich natural-biological potential.Africa has a large quantity of natural resources, including diamond, sugar, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum and cocoa beans and also woods and tropical fruits etc.Recent oil reserve discoveries have increased the importanceof that commodity on African economies.For many centuries now, Africa has been ranked first in the world in terms of mineral extraction from a variety of ores both non-ferrous to ferrous metals, diamonds, bauxite and gold. All these have attracted the attention of countries internationally that have been interested in the minerals.Two of the most profitable mineral exports are gold and diamonds. The continent can produce close to 500 tons of gold a year and is responsible for a large percentage of the world's diamonds.It has approximately 30 percent of the earth's remaining mineral resources.
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Natural resources, or commodities, are the raw inputs that are used to manufacture and produce all of the products in the world. These natural resources which include those extracted from the earth and those that have yet to be extracted, are worth trillions of dollars but not every country in Africa has the same amount or type of natural resources. Therefore, in no particular order, here are the top 10 African countries with the most natural resources.
10. Tanzania (Gold, Iron, Nickel, Uranium, oil and Gas, Arable land and ocean)
Tanzania is also very rich in minerals such as gold, diamond, iron, coal, nickel, tanzanite, uranium and natural gas. Recently natural offshore gas deposits have been discovered and as the name of the country implies, Tanzania is the only supplier in the world of the rare gemstone called tanzanite. Except for that, the country also produces gold and is the fourth richest country in Africa in terms of gold. Throughout the decades, the gold mining industry of Tanzania fluctuated. This was happening until the 90s when some famous foreign companies decided to invest in the Tanzanian treasures. Nowadays, they have the standard mines multiplied, to enhance investment and development of their resources. While agriculture is a large contribution to the economy of the country, the gold and tanzanite trade doestoo. Mineral exports really help and boost the Tanzanian economic conditions.
9. Guinea (baurxite, aluninium, iron, diamond, gold, Arable land and ocean)
Guinea has abundant natural resources including 25% or more of the world's known bauxite reserves. Guinea is a clear leader in bauxite potential and export, producing 95% of the entire bauxite production of Africa. Except for Guinea, which produces the natural ingredient for aluminum, all the other countries use the synthetically made product. Guinea possesses over 25 billion tons of bauxite and perhaps up to one-half of the world's reserves. In addition, Guinea's mineral wealth includes more than 4billion tons of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium. Possibilities for investment and commercial activities exist in all these areas, but Guinea's poorly developed infrastructure and rampant corruption continue to present obstacles to large-scale investment projects.
8. Mozambique(Aluninium, coal,iron,oil and gas, steel, gold, gemstone, cement, marbles, Arable land and ocean)
Mozambique possesses considerable quantities of natural resources but contrary to many African countries,Mozambique is still predominantly virgin soil as most natural resources are yet to be explored, including natural gas, coal, mineral sands, hydropower and most likely oil as well.But the most common natural mineral in this country is, without doubt, aluminum. The annual production of it is approximately 580,000 tons, which is a huge number. Consequently, it forms 30% of the country’s exports. Aside aluminum, Mozambique also exports beryllium and tantalum all over the world. Mozambican soil is rich in limestone, cement, marbles, gemstones, coals, iron, gold, oil, gas, and steel. All of these minerals have made the economy of the country more stable and their production has become really active in the past years. In 2010–2011, Ana