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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)