Our earth is very rich in minerals, that much is a fact.
But perhaps the beauty is that these minerals are not evenly or equally distributed. Not one country has a monopoly on all of the planet’s natural resources.
Nevertheless, there are a few countries which have mined more minerals than others, and whose lands are much more fertile and naturally richer. Is it simply a matter of having the luck of the draw, or are they just more hardworking? That’s for you to decide. In the meantime, here are some of the world’s richest mining countries, in no particular order:
The country down under is very rich in nickel and bauxite. Per Mining Technology, Australia is said to have in reserves 35% of the world’s nickel, and 23% of the world’s bauxite. It is also a big supplier of iron ore to the world market, and is one of the largest producers of gold.
South Africa and the Democratic Republic of Congo
South Africa is said to be the richest mining country on earth. A Bloomberg report states that it currently has $3.3 trillion in mineral reserves, which consists of coal, gold, iron ore, and platinum.
Nevertheless, in the recent mining conference, Investing in African Mining Indaba, there was much discussion about good practice in employment in management, in compliance with South Africa’s Black Economic Empowerment (BEE) programme. New codes have been introduced such as requiring that a company must have “26% ownership by local black economic partners and 40% Africans at the management level.” Not all investors, it seems, are quite agreeable with this.
In the meantime, others are looking at another African country – the Democratic Republic of Congo – as another mineral-rich country. Supposedly, it has $24 trillion in cobalt, copper, diamonds, and gold reserves.
Russia has a very robust mining industry and is still one of the leading countries in terms of base metal production, despite the current state of its economy. Its specialties lie in coal, aluminium, copper, iron ore, and nickel, among others. For precious metals, it also has a lot of gold and diamonds in reserve.
Russia accounts for an estimated 14% of the world’s minerals in total. It is also the largest exporter of coal.
Republic of Guinea
According to The Telegraph, this country has $222 billion of bauxite (also known as aluminium ore) reserves. Mining is a huge deal here, and accounts for 25% of the national income.
Here’s how small businesses can increase their user engagement on social media
Posting to social media is a great but even better is creating conversation.
New Lamborghini SC18 is one of a kind
Lamborghini's Squadra Corse skunkworks released a one-off SC18 based on the combined concepts of an undoubtedly wealthy client and Lamborghini...
An impending bull run: Binance CEO predicts Bitcoin may make a comeback soon
Binance CEO Changpeng Zhao recently said that a bull-run is apparent for the cryptocurrency market, and it may be coming...
Cryptocurrency attacks continue to increase
Despite the improvement of cryptocurrency platforms and exchanges, the industry is not foolproof. In fact, more attacks are happening as...
Stoking the fire: A brief history of Kevin Durant and Draymond Green’s feud
Durant and Green’s recent locker room feud is currently one of the biggest stories in the NBA, but where did...
Sponsored2 days ago
Harbinger Research Labels PotNetwork a ‘Strong Speculative Buy’
Featured4 days ago
Business MOOCs: Where to learn and their impact in one’s career
Featured2 days ago
World leaders and their famous animal companions
Agriculture3 days ago
Cage-free eggs vs regular eggs: Which is better?
Business3 days ago
Tips on how to smartly use credit cards overseas
Featured5 days ago
Retirement planning: What to know about the current distribution phase
Business4 days ago
Why big data is a game changer for the real estate industry?
Crypto5 days ago
Understanding cryptocurrencies: Essential things to know