Friday, June 7, 2013

Mineral resources

    The mineral are those things which are obtain from the mine and found in the womb of earth.The kingdom of nepal is very much rich in mineral resources.It has many kinds of mineral deposit like iron, copper, limestone, natural gas, coal, lead, magnsite, nickle, marbal mica in different part of kingdom.Few minerals are used to some extend by using available capital and human resources, but majority of them are still remaining unutilized and underutilized deu to the many bottlenecks.



Importance of mineral resources
    The scientific exploitation of available mineral deposites would plays a vital role in economic development of nation. Many nation have changed their economic status by maximum use of their mineral resources.Nepal, so far has not been able to explore and exploit mineral resources on a commercial basis.So major sector in which it can comtribute to the nation are discussed below:
Establishment of new industries
Generation of employment opportunities
Modernization of agriculture
Source of foreign currency earning
Source of energy
Source of government revenue
Development of transports and communication
Increase in nation income
Development of self dependency
Accelerate the process of capital formation

Problem of mineral resources utilization
     Since,Nepal is the poorest country in the world it has so many difficulties in its resources utilization.Some major problems in the way to utilize mineral in nepal are as follows:
lack of advance technology
Insufficient infrastructure
Low rate of capital formation
Defective government policy
Inadequate research
Limited scope of market
lack of courage enterpreneur
Growing political instability
Inefficient government administration
Expensive and Inadequate supply of energy

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