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:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)