Economy
One of Papua's potential industries is timber, as forests cover 42 million hectares with an estimated worth of Rp.700 trillion ($78 billion). "If the forests are managed properly and sustainably, they can produce over 500 million cubic meters of logs per annum."
The Grasberg Mine, the world's largest gold mine and third largest copper mine, is located in the highlands near Puncak Jaya, the highest mountain in Papua.
Read more about this topic: Papua (province)
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)