Why They Need ‘Freedom’: North Korea Sits on Trillions in Minerals US Corporations Would Kill For
While economic sanctions from the United States and the UN have led to a decrease in North Korea’s mining production, the small nation sits on one of the largest stockpiles of mineral reserves in the world.
By Rachel Blevins
TheFreeThoughtProject.com
August 12, 2017
The United States has recently ramped up its fear campaign against North Korea once again, and while there are a number of reasons why the U.S. War Machine appears to have chosen this small nation as its next target, one thing is clear—this invasion could be incredibly beneficial for major corporations.
According to a report from Quartz, North Korea’s mountainous surface sits on top of some of the largest stockpiles of mineral reserves in the world, which are valued at TRILLIONS of US dollars. There are over 200 kinds of minerals, such as “iron, gold, magnesite, zinc, copper, limestone, molybdenum, graphite, and more.”
The report noted that the $6-10 trillion estimate also includes “large amounts of rare earth metals, which factories in nearby countries need to make smartphones and other high-tech products.”
Instead of profiting from the vast array of mining opportunities, North Korea has actually been decreasing its mining production. In April, the Center for Strategic & International Studies noted that “there is a shortage of mining equipment and North Korea is unable to purchase new equipment due to its dire economic situation, the energy shortage and the age and generally poor condition of the power grid.” As a result, it is estimated that “the average operational rate of existing mine facilities is below 30 percent of capacity.”
The “dire economic situation” mentioned in the report is the desired effect of the U.S. sanctions against North Korea that were signed into law by former President Obama in February 2016. The law imposed “mandatory sanctions for entities that are involved in North Korea’s mineral or metal trade, which contribute to a large component of the country’s foreign export earnings.”
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