THIS IS HUGE! China $2.5 Billion Taking Over Africa’s Largest Uranium Mine | This Shocked The West
#china #chinanews #Africa #namibia #project #australia
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Over the past few years, China’s influence in Africa has grown significantly, even surpassing Europe and the United States in some aspects. According to the World Bank, the Chinese government has provided more than $170 billion in loans to African countries from 2000 to 2022. Much of this huge investment is spent on infrastructure, including roads, railways and power facilities.
Now, these projects supported by China have not only improved the quality of life of the African people, but also promoted local economic development to a certain extent. In return for China’s support, some African countries are also willing to hand over important oil and iron ore projects to China for development, and Namibia is one of them.
Namibia is located in the southwest of Africa and is a country known for its rich mineral resources. Among more than 30 mineral resources, Namibia’s most famous is uranium resources. According to data, the country has uranium reserves of more than 500,000 tons and is the third largest uranium producer in the world.
Among the many uranium mines in Namibia, the largest is the Husab mine located near Swakopmund. The mine is considered the second largest uranium mine in the world and the largest open pit mine on the African continent. But in 2012, China successfully took over the world’s largest open-pit uranium mine for US$2.5 billion.
Regrettably, some Western media have tried to question China’s intentions when examining China’s activities in Africa. They have always believed that China’s investment and cooperation in Namibia are purely for the purpose of plundering local natural resources. In contrast, I believe that Western countries’ history of invasion, colonization and resource grabbing is what really deprived Namibia of its natural resources.
So in today’s video we’re going to talk about what is China’s intention to take over the largest uranium mine in Africa? Is China really plundering Namibia’s mineral resources?
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