In South Africa it is estimate natural resources worth over US$ 2.3 Trillion. Most of the natural resources from South Africa is exported raw. The debate raised is about exention in terms of economy and the value and wealth to the country. In clear words we have to value the whole valuation chain of the minerals resources and the beneficiency after that the ore is been processed. I agree to that minerals must be processed and refined in a greater degree in the country of its origin. However, then we are talking about greater industrialization than we really managed so far. The challenge may lay in training, research and development, and also concept implementation as fundamental components. South Africa with 88% of the world's platinum, 80% of the world's manganese and 72% of the world's crome in their resources may lay more close to this step on economic development to be taken than before mentioned. However there is many countries around the world that is troubled with these issues for skills, labor workforce, and infrastructure. We know that huge stockpiles of ore from South Africa is exported to China, but the development for national minerals processing in the country is happening now. The advantages of mineral resources is all about the whole infrastructure around the whole industrial change. For the policy to be realistic it must be discussed for a reform to import the necessary skills and technology. The rule of development implementation when short of fabrication, or short of processing links to fabrication must reflect the terms of national interests, what are all the benefits of value creation and what are the side effects? As a board of directors for mutual settlement development I would suggest the international community to cover this economic development together with the mining companies for giving the issue new sustainable mining and industrial development targets. The governments may issue new licenses for mining companies but the priorities must be in right order.
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World Iron Ore responsible procurement policy and procurement processes with steel mills https://sites.google.com/site/ironorecommodity/
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