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10 cards from this deck
Abundant resources lead to lower economic growth & development
From developing to developed countries
Higher mining wages raise currency, hurting export competitiveness
Banned unprocessed ore exports
Increase domestic production + import huge quantities overseas
Chinalco and Jiangxi Copper
Steelworks closures, economic decline, rising unemployment
At least 20 years
Low financial returns, vulnerable to price falls
TNCs collaborate to combine exploration & develop operations
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