If you’re looking to reach the upper echelons of the wealthiest of the wealthy, sectors such as mining are where you’ll need to look. Sure, it’s probably easier to seek your fortune through recreating what the likes of robinroo have created, getting into specialised tech like online gaming, but we’re not all cut out to be developers, or programmers with an entrepreneurial flair.
Canada is the largest supplier of natural gas and phosphates and the third largest exporter of timber. The huge country has roughly $ 33.2 trillion in raw materials and the third largest oil field after Venezuela and Saudi Arabia.
The country’s total natural resources are estimated at $ 45 trillion, of which more than 89% are timber and coal. In 2015, the total reserves of metals and coal in the country were estimated at $ 109.6 billion. India has the fourth largest coal reserves on earth and significant reserves of limestone, oil, diamonds, natural gas, chromite, titanium ore and bauxite. The country accounts for over 12% of the world production of thorium and over 60% of the world production of mica. Canada has over $ 33.2 trillion in natural resources, including some commodities including industrial minerals (gypsum, potassium, limestone and rock salt), energy minerals (uranium and coal), metals (nickel, zinc, copper and lead) and precious metals (platinum, silver and gold).
The country has more oil reserves than the United States, Canada and Mexico combined. Venezuela is the third largest coal producer after Brazil and Colombia. It also ranks sixth in terms of natural gas reserves and a large amount of timber. The country currently produces 25,000 barrels of oil per day, with proven reserves estimated at 180 million barrels.
In some countries, including Saudi Arabia, Iraq and Iran, oil accounts for more than 85% of the value of the country’s natural resources. Six of the 10 countries with the most precious natural resources in the world are also among the 10 countries with the most natural gas. According to the World Atlas, the following are the countries with the most natural resources and their total estimates.
Key Points Natural resources are valuable to the countries in which they are located because they are mined to produce goods and services. These include oil, natural gas, coal, lumber, gold, silver, copper, uranium, iron ore, and phosphate. Using estimates of the total reserves of each country and the market value of those resources, we have identified the 10 countries with the most valuable natural resources.
Russia, China and Australia also have a large number of valuable products shipped. Other resources include large amounts of copper, gold, oil and natural gas. Other resources produced in China are antimony, coal, gold, graphite, lead, molybdenum, phosphate, tin, tungsten, vanadium and zinc. Minerals produced in Beijing include crude oil from Angola and South Sudan, zinc and copper mines from Eritrea, cobalt from the Democratic Republic of Congo, tobacco raw materials from Zimbabwe, and iron and titanium from Sierra Leone.
Tying minerals to agreements with China has proven risky for some countries. This means that some of the largest exporters to China from Africa in recent years have been resource-rich countries. Indeed, the most recent data from the MIt Economic Complexity Observatory show that many of Africa’s most resource-rich nations now rely on China for significant, if not one, profits in their exports.