07/07/2020
Gemstones Specially the diamond revenues can changes world economies
Somalia is one of the most important minerals-rich countries and
there are no quality companies that regularly mining gemstones
There are plans to be produce resource in Somalia Specially gemstones
In Somalia mining laws was approved for local and international companies can came
Somalia and Drill minerals in Somalia
As Star world gemstone and mining collaboration is available for every one interesting gemstone industry
1. Brokers of minerals local and international
2. exploration Companies
3. Mining drilling Companies
4. Export of mineral companies and so on
For sure in Somalia found many minerals so that Somali people have to drill their recourse so as to survive economic problem
Today many countries utilize their recourses fore in stance
As a natural resource, rough diamonds represent one of the main sources of revenue for many diamond-producing countries and create livelihoods for millions of people. Countries such as Russia, Botswana, Namibia and South Africa offer ongoing proof that diamond revenues can create sizeable benefits to the economy in countries where they are sourced. In these countries, diamonds have contributed to funding impressive economic growth and stability
The link between diamonds and economic development is no more evident than across Africa where the diamond trade contributes approximately US $7.6 billion a year to its economy.
These benefits are also evident in their rankings on the United Nations Human Development Index (HDI), a comparative measure of poverty, literacy, education, life expectancy, childbirth, and other factors for countries worldwide
The impact diamond revenues have on world economies includes
1) The diamond trade contributes approximately $7.6 billion per year to Africa.
2) The two countries Russia and Botswana together produce 43% of the total volume, and 53% of the total value, of rough diamonds in the world.
3) An estimated 47% of the world’s diamonds are sourced in African countries.
4) Australia is the world’s fourth largest producer of diamonds worldwide.
5) In 2001, the diamond and jewelry businesses in New York City generated an annual $24.183 billion in economic value (Source: “The Perfect Setting: Economic Impact of the Diamond and Jewelry Industry in New York City” 2011).
6) Diamonds account for 71% of Botswana’s export revenue, 16% of the government revenue and 16% of the gross domestic product (GDP).
7) Diamonds represent approximately 21% of GDP, 48% of export revenue and 59% of the Nambian government’s annual revenue.
8) South Africa’s Namaqualand Diamond Fund Trust has received a total of USD $37.8 million from the Trans Hex Group since it started operating in 1994.
9) Canada is the world’s third largest producer of diamonds producing an estimated USD $1.7 billion worth of diamonds each year.
10) Indian and Northern Affairs Canada estimates that over the life of the mines in the Northwest Territories (NWT), the Ekati, Diavik and Snap Lake projects will collectively generate royalties of C$1.6 billion, federal business taxes of C$2.6 billion, territorial taxes of C$1.3 billion, and employee and other business income taxes of C$4.7 billion (2004 estimated figures).
11) In Russia, annually about $110 million are allocated by the diamond industry to help the national institutions of health, education and culture, to support socio-economic development of regions, charitable and sponsorship projects for local communities. In addition, the diamond industry allocates more than $65 million on social programs for diamond industry employees and their families, including housing, health, culture and sports, non-state pension provision.
12) The diamond region of Yakutia receives more than $1 billion in taxes and royalties from diamond mining operations.
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