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:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)