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Thread: NK is sitting on 6 trillion in mineral resources

  1. #1
    No mercy for losers Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    NK is sitting on 6 trillion in mineral resources

    North Korea has mineral resources estimated to be worth at least $6 trillion, according to Quartz, and the secretive state is sitting on a vast array of mineral resources which remains largely untapped including iron, gold, magnesite, zinc, copper, limestone, molybdenum and graphite.
    Pyongyang has exported minerals to allies such as China and Russia for decades but international sanctions had curtailed its export abilities in recent times.
    He also said a lack of suitable mining equipment and potential buyers for rarer minerals made it more difficult for North Korea to sell what it did manage to extract from the ground.

    Petrov said China was also keen to maintain trade with North Korea and was particularly keen on maintaining a monopoly in certain areas.

    “China is interested in keeping North Korea as a closed market for precious metals,” Petrov said.
    Hmm. Interesting.

    North Korea is sitting on $6 trillion in mineral resources | New York Post

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    Cat-tastic Babba's Avatar
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    You'd think Pyongyang would want to invest in the equipment and attempt to develop buyers for the resources. And I can see how China would want to attempt to remain on fairly good terms with NK.
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    Quote Originally Posted by Blueneck View Post
    Ms. Blueneck,

    I've mentioned this before. One of the reasons China is unlikely to rein in NK is because NK has the second largest rare earth reserves in the world.
    Last edited by Kallie Knoetze; 11th August 2017 at 07:26 AM.
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    Cat-tastic Babba's Avatar
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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. Blueneck,

    I've mentioned this before. One of the reasons China is unlikely to rein in NK is because NK has the second largest rare earth reserves in the world.
    That's Ms. Blueneck.
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    No mercy for losers Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    Quote Originally Posted by Kallie Knoetze View Post
    Ms. Blueneck,

    I've mentioned this before. One of the reasons China is unlikely to rein in NK is because NK has the second largest rare earth reserves in the world.
    I was wondering lately why the US is more concerned about NK's nuclear capabilities than it's neighbors seem to be. And why we are expected to take the lead in controlling the problem.
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    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by Blueneck View Post
    So even if we would bomb them out and take over their resources.. with our 20 trillion debt.. doesn't seem like a valuable undertaking, doesn't even cut our debt in half.
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    Cat-tastic Babba's Avatar
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    Quote Originally Posted by Blueneck View Post
    I was wondering lately why the US is more concerned about NK's nuclear capabilities than it's neighbors seem to be. And why we are expected to take the lead in controlling the problem.
    I believe there are things Trump would like us distracted from.
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    Bizarroland Observer Thx1138's Avatar
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    That's what Trump would call "war prizes."

    "We're going to take their minerals, and they are going to mine them for us...!"

    (just like Mexico is going to pay for that wall!)

    Thx
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    Too bad those evil sanctions will keep any country from getting their hands on those "mineral resources", huh?

    It's not like any country would cheat...right?

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    Southern Strategy Liberal OldGaffer's Avatar
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    We have invaded and occupied countries for a lot less than 6 trillion, this war is going to pay for itself!

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