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North Korea’s trillion dollar mineral and gold industry exposed (Video)

North Korea’s trillion dollar mineral and gold industry exposed (Video)

North Korea has long been regarded as a poor country.

North Korea is a lot richer than the mainstream media would have you believe…at the very least North Korea has the potential to be an extremely wealthy nation.

Via The New York Post

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.

Its bedrock also holds a large amount of metals needed to make smartphones and other technological products.

But while the isolated nation might be rich in underground resources, taking advantage of the buried treasure this remains another issue.

Exact estimates of North Korea’s potential wealth are difficult to obtain.

But a 2012 estimate by a South Korean research institute valued its mineral wealth as high as $10 trillion, The Economist reported.

North Korea expert Leonid Petrov said estimates of $6 trillion were not unheard of or unrealistic but admitted an exact figure was hard to verify.

Petrov, a visiting fellow at the Australian National University College of Asia and the Pacific, told News.com.au that North Korea has large stockpiles of natural resources.

He said 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.

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“North Korea is very rich in natural resources and while they have some technology, it doesn’t have strong foreign investment and investment capital.”

Petrov said tough international sanctions also meant dealing with North Korea on a financial level remained extremely difficult. He said trading using gold or suitcases of money was also highly unappealing for foreign investors.

The mining sector remains crucial for North Korea’s economy and many experts believe this is how it manages to support its military spending.

Private mining remains illegal in North Korea and around 14 percent of its economy is made up of mining underground resources, Quartz reported.

China handles around 90 percent of North Korea’s external trade.

Its banks and companies are also said to provide Pyongyang access to the US-dominated international financial system.

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Le Ruse
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Le Ruse

Quote: 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….
All this mineral wealth, doesn’t belong to North Korea ?? It belong to the WORLD !!
You know the “WORLD” which is with the “International Community” always outraged & horrified ??

Manimal
Guest
Manimal

The World = International community = ussa = a few banksters.

Le Ruse
Guest
Le Ruse

Nahh.. The World = The extra territorial square mile in London ?? International Community = The little shitty country ?

Shahna
Guest

Kinda sheds a new light on the American desire to go invade and occupy North Korea now don’t it.

AM Hants
Member
AM Hants

Not forgetting it also has no Rothschild Central Bank ior Rothschild/IMF Debt? Now who is after the natural resources?

seby
Guest
seby

gas and minerals in Afghanistan (poppies too), pipelines in Syria, oil in Venezeula and minerals in Korea’s northern areas!

The plot thickens…..

Mr. Costelol
Guest
Mr. Costelol

The Serbian province Kosovo, 3-4 Trillion.

seby
Guest
seby

Deaths In Other Nations Since WW II Due To Us Interventions By James A. Lucas http://www.countercurrents.org/lucas240407.htm

It’s Time to Stop “Supporting Our Troops”: Thirty Million People Killed by U.S. Since the End of World War II http://www.globalresearch.ca/its-time-to-stop-supporting-our-troops-thirty-million-people-killed-by-u-s-since-end-of-world-war-ii/5495538

Any book by William Blum or Michael Parenti

Mr. Costelol
Guest
Mr. Costelol

I imagine the indirect deaths will be higher. We have a five times greater cancer rate than the rest of Europe, due to the DU and quite probably other carcinogens introduced by NATO.

seby
Guest
seby

Your imaginings are indeed reality Lou.

tomo stojanovic
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tomo stojanovic

are you sure? I am from Serbia (living in the US) every time I am in Serbia people seem much healthier and happier than Americans (or Brits/Canadians). Only one of my numerous cousins ever got a cancer. I know maybe one more friend from high school who had a cancer and that’s it. Here in the US I know many sick/obese/diabetic/depressed people – and nobody ever threw any depleted uranium bombs. When I lived in London I saw many normal looking young people dying (probably from drugs)

Le Ruse
Guest
Le Ruse

It’s not the count yet ??
600 Millions it’s the count?

One jewish fingernail is worth more than 100 goyim ??

tom
Guest
tom

If North Korea does have $6 trillion of mineral resources, that is the property of North Korea and doesn’t concern anyone else. Unless they wish to negotiate fairly with North Korea to buy what they need at fair market prices.

Great Expectations
Guest
Great Expectations

But the US elite never negotiate when profits are at stake, never mind fairly. It’s a win win for them: not only can they sabre-rattle on Russia and China’s doorstep, but they can plot to plunder a small country’s resources too. China and Russia wouldn’t let them, but it wouldn’t stop the empire from trying.

Screwloose
Guest
Screwloose

So resource geologists have scoured the whole of North Korea’s horrendous terrain; mapped out all these wondrous deposits and porphyries; conducted expensive drill programs to confirm the recoverable concentrations are actually there – and have been authorized to reveal their findings to the outside world, have they..?

If anyone thinks that you can mine even gold profitably these days, just take a look at the 5-year share prices of the mining companies…

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