16-02-2025, 07:02 AM
Expanding the Ore Industry; The NEP continues on.
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January 21st, 5617
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One of the resources that Utari Mosir has, besides REMs is Diamonds and Uranium. While refining uranium is out of the question because of the economy, mining it and presenting it to the global market is on the table. Same for diamonds. As such, the NEP has called for a strong ore industry to be established. So let's start with the uranium.
Efforts will begin on opening up mines. Refining it would certainly help and make it more valuable, but refining it is also incredibly expensive. Something that Utari Mosir cannot do at this moment. As such, it is likely that mined uranium will have to simply go on the global market, so another nation can buy it and process it. But the main takeaway is that it provides money for the state, provide jobs and diversify the ore industry.
The second resource is diamonds. Being a valuable resource, it can go well on the global market, even if there is sizable competition. But because of its value, it can provide more funds for the state upon mining. Normally, unrefined diamonds would be fine but if we truly want to stand out on the global market and ensure a stable stream of money, then we must enact a mandate. Only refined, polished diamonds can be exported. Nothing raw. Only polished and cut diamonds can be exported. This will be expensive and take a bit out of the Regional Treasury for the time being, but combined with support from the rest of the UGR, and the profits we'll likely receive from it, it'll pay itself out in time.
The NEP will take more time. But it'll pave the way for a stable successful Utari Mosir, and end the economic crisis that effects the region. Perhaps in time, it can be an economic equal to the rest of Gishoto, but for now, we shall work earnestly on enacting the NEP to its fullest.
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The Utari Regional Ministry of Information is a state owned media outlet, controlled by regional authorities within the autonomy of Utari Mosir. It is dedicated to ensuring a strong proud society for Utari Mosir, and supporting Gishoto in its entirety.
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January 21st, 5617
----------------------------------
One of the resources that Utari Mosir has, besides REMs is Diamonds and Uranium. While refining uranium is out of the question because of the economy, mining it and presenting it to the global market is on the table. Same for diamonds. As such, the NEP has called for a strong ore industry to be established. So let's start with the uranium.
Efforts will begin on opening up mines. Refining it would certainly help and make it more valuable, but refining it is also incredibly expensive. Something that Utari Mosir cannot do at this moment. As such, it is likely that mined uranium will have to simply go on the global market, so another nation can buy it and process it. But the main takeaway is that it provides money for the state, provide jobs and diversify the ore industry.
The second resource is diamonds. Being a valuable resource, it can go well on the global market, even if there is sizable competition. But because of its value, it can provide more funds for the state upon mining. Normally, unrefined diamonds would be fine but if we truly want to stand out on the global market and ensure a stable stream of money, then we must enact a mandate. Only refined, polished diamonds can be exported. Nothing raw. Only polished and cut diamonds can be exported. This will be expensive and take a bit out of the Regional Treasury for the time being, but combined with support from the rest of the UGR, and the profits we'll likely receive from it, it'll pay itself out in time.
The NEP will take more time. But it'll pave the way for a stable successful Utari Mosir, and end the economic crisis that effects the region. Perhaps in time, it can be an economic equal to the rest of Gishoto, but for now, we shall work earnestly on enacting the NEP to its fullest.
----------------------------------
The Utari Regional Ministry of Information is a state owned media outlet, controlled by regional authorities within the autonomy of Utari Mosir. It is dedicated to ensuring a strong proud society for Utari Mosir, and supporting Gishoto in its entirety.
"Yet I am here, and here I shall remain to behold the world in all it's beauty"
"The world is but a stage. Why cry, when you can laugh instead? For laughter is humanity's preserve. Laugh it all off, fret not, Let's just enjoy the moment."
"The world is but a stage. Why cry, when you can laugh instead? For laughter is humanity's preserve. Laugh it all off, fret not, Let's just enjoy the moment."