Overview
- Lesson Title: Africa's Mining Industry.-This is a report on the mining industry in Africa.
- Language: Hausa
- Topic: Economics/Politics
- ILR Level: 1+/2
- ACTFL Proficiency: Advanced-Mid, Advanced-Low, Intermediate-High.This ACTFL rating is an approximation based on the ILR level
- Modality: Reading
- Learning Objective: Maintenance & Improvement
- Subject Area: Language
- Material Type: LLO
- Publication Year: 2009
- ObjectID: T8RHA20
Transcript
| Original | Translation |
|---|---|
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Matsalar kudi ta duniya ta lalata sana'ar haka ma'adinai ta Afirka Ana iya samun albarkatun ma'adinai a Afirka, shi ya sa sana'ar haka ma'adinai tana daya daga cikin muhimman sana'o'i na kasashen Afirka. Amma sakamakon illa mai matukar tsanani da matsalar kudi ta duniya ta kawo wa tattalin arziki, farashin kayayyakin karfe da dai makamantansu yana ta samun raguwa, ta haka an lalata sana'ar hakar ma'adinai ta dimbin kasashen Afirka. Tattalin arzikin nahiyar Afirka yana baya a gwargwado, amma ana iya samun yawan ma'adinai iri iri. Kafin barkewar matsalar kudi, har kullum yawan karuwar tattalin arzikin Afirka ya iya kaiwa kashi 5 cikin kashi dari a 'yan shekarun nan da suka gabata sakamakon farashin kayayyakin ma'adinai mai kauri. Amma yanzu domin raguwar farashin kayayyakin, sana'ar hakar ma'adinai ta duk Afirka ta shiga mawuyacin hali. Domin kiyaye zamansu, wasu wuraren haka sun riga sun dauki matakai kamar rage yawan ma'aikatansu don rage yawan kudaden da suka kashe, wasu kuwa sun yi iyakacin kokari wajen kiyaye ayyukansu ta hanyar rage yawan lokutan aiki da kuma tsawaita yawan lokutan hutu. Haka kuma sabo da illar da matsalar kudi ke kawowa, farashin tagulla a kasuwannin duniya ya fara raguwa, har ma ya ragu daga dala kimanin 8000 a ko wane ton zuwa dala kimamin 3000 a ko wane ton a cikin watanni shida kawai. Raguwar farashin tagulla sosai ta haifar da babbar illa ga kasar Zambia wadda a kan kiranta "Daular ma'adinin tagulla". Wasu kwararru na Zambia suna ganin cewa, wuraren haka ba su iya samun riba sosai ba sakamakon raguwar farashin tagulla, shi ya sa da kyar masu mallakar wuraren haka suna iya samun kudade wajen haka sabbin ma'adinai. Sabo da haka, karfin hakar ma'adinin tagulla na duk fadin kasar ya ragu, dimbin ma'aikatan hakar ma'adinin sun rasa ayyukansu yayin da masu zuba jari suka janye kudadensu sakamakon rashin imani. Ban da wannan kuma, rashin bunkasuwar sana'ar ma'adinai shi ma ya haifar da babbar illa ga kasar Congo Kinshasa. Sakamakon raguwar jimlar kayayyakin ma'adinai da aka aika da su zuwa waje, yawan kudaden da gwamnatin kasar Congo Kinshasa ta samu ya samu raguwa a bayyane, sabo da haka ba yadda za a yi sai a dakatar da dimbin shirye-shiryen raya zaman al'umma da hukumomin gwamnatin suka tsara. Bugu da kari kuma sakamakon matsalar kudi ta duniya, darajar daimon din da har kullum ya kan alamta dukiya ba za ta kai kamar ta lokacin da ba. Tun bayan watan Oktoba na shekarar bara, bukatar da kasuwannin duniya suka yi wa daimon ta samu raguwa a bayyane, haka kuma farashinsa ya ragu da kusan kashi 30 cikin kashi dari. |
Global Financial Crisis Ruins Africa’s Mining Industry Africa has an abundance of minerals, and this is why mining is among the most important industries in Africa. But due to the severe impact the global financial crisis has had on the economy, the price of steel and similar goods has declined, which has ruined the mining industry in many African countries. The economy of the African continent is backwards by most standards, but many different kinds of minerals can still be found [on the continent]. In recent years—before the financial crisis broke out—the growth of the African economy had succeeded in reaching 5 percent due to the robust price of mineral resources. But now, because of the falling price of these materials, the mining industry throughout Africa finds itself in difficult circumstances. In order to protect their existence, some sites have already taken certain measures such as laying off employees in order to reduce costs. Others have striven to protect their activities by reducing work hours and doing away with vacation time. In addition, because of the damage caused by the financial crisis, the price of copper in global markets has begun to decline. Indeed, it has plummeted from about $8,000 USD per ton to about $3,000 USD per ton in only six months. This drop in the price of copper has brought serious trouble in Zambia which has been called a “copper mining empire.” Some Zambia experts believe that mines have not been able to earn much profit due to the depressed price of copper, and that mine owners are therefore having difficulty obtaining funds to mine new mineral deposits. Because of this, the stability of the copper mining [industry] has declined throughout the country, many mine workers have lost their jobs, and investors have pulled their funding due to a lack of confidence. Stagnation in the mining industry has also had a serious impact on the country of Congo-Kinshasa. Due to the reduction in total exports of mineral goods, the amount of income received by the government of Congo-Kinshasa appears to have dropped as well. As a result, the government has no choice but to postpone a multitude of public development projects it had planned. Moreover, as a result of the global financial crisis, the value of diamonds—which have always signified wealth—will be lower than in the past. Since October of last year, the global market demand for diamonds appears to have declined, and the price has gone down by nearly 30 percent as a result. |
Glossary
| Hausa | English Meaning |
|---|---|
| ɓarkewar matsalar kuɗi | (lit: outbreak of an event) worsening unfolding of the financial crisis |
| mai kauri | (lit: thick, fat) high prices |
| haifar da | (lit: giving birth to) to bring about or to result in |
| rashin imani | (lit: lack of compassion) lack of confidence |
| Daular ma'adinin tagulla | the kingdom of copper, the empire of copper |