Challenges and opportunities of oil, gas, and mining

- In this chapter we're going to talk about specific challenges of the mining and extractive industry sector. When you have a large mining sector or a large hydrocarbons sector or coal sector, it really shapes the nature of the economy and it leads to particular challenges and distinctive kinds of economic performance. Of course, in general, it's on the whole good to have mineral resources or coal, oil or gas resources as major inputs to the economy. Major inputs to economic development to countries that are bereft of these resources have major challenges of producing other goods that they can export in order to be able to import these vital commodities. But having a lot of these resources also really does shape the economy and paradoxically can lead to massive problems as well. So what are the distinctive challenges associated with the extractive sector? First, extractive resources. Coal, oil and gas, which will be…