Mineral Wealth
Recent explorations in the Bismarck Sea seabed have yielded discoveries of mineral-rich beds of sulfides, copper, zinc, silver and gold. These findings are especially important because they lie in shallow, calm waters. Papua New Guinea owns the mining rights to these minerals under international law.
Read more about this topic: Bismarck Sea
Famous quotes containing the word wealth:
“General education is the best preventive of the evils now most dreaded. In the civilized countries of the world, the question is how to distribute most generally and equally the property of the world. As a rule, where education is most general the distribution of property is most general.... As knowledge spreads, wealth spreads. To diffuse knowledge is to diffuse wealth. To give all an equal chance to acquire knowledge is the best and surest way to give all an equal chance to acquire property.”
—Rutherford Birchard Hayes (1822–1893)