29 operating metallic mines , up from only 16 in 2006, 23 in 2007 and 26 in 2008
Among world’s most mineral-rich areas Ranks 3rd worldwide in gold reserves, 4th in copper, 5th in nickel, 6th in chromite 6.7 BMT metallic (70% copper, 16% nickel)… Est. worth US$840B-US$1 trillion?! At peak of production (‘80s): 7th in gold worldwide, 10th in copper, 11th in nickel… à About 9 million has. (or 1/3 of country’s land area) has potential deposits and is targeted by govt for “development” only 1.4% covered by permits so far Has the potential to be among the 10 largest mining powers of the world