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Iraq < natural gas and oil > $ 20.6 trillion
Iraq’s main natural resources are the deposit of oil which is estimated to 125 billion barrel in 2017. The reserve is estimated to be 11% of the world’s reserves. Iraq also happen to be a country with vast deposit of phosphate among other neighboring countries and estimated to be between $1.2-1.6 trillion. In 2010, Iraq was globally considered as the 11th largest producer of crude oil whose production averaged about 2.5mbbl./d and accounted for 3.1% of crude oil output in the world. Between 2009 and 2010, the export of crude oil in the country averaged 1.9mbbl and durong the period Iraq was one of the leading oil exporting countries in the world.
Silica sand deposit, at Iraq al-anbar governorate, had the capacity to produce 150,000 t/yr at a cost of $4 to $6 million. The MIM in 2010 invited companies to invest in the mining of these silica deposits. In 2010, 153,000 Mt of ammonia and 210,000 t of urea were produced by Iraq state company for fertilizers. Companies were invited to invest in three newly constructed urea plant located in governorates of Nineveh, Bashar and al-anbar. http://WWW.azomiinig.com
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Brazil <gold and uranium> $ 21.8 trillions
Brazil which is known for the second most iron producing country. It has a high percentage of gold and uranium reserve. It is the most worth able resource in timber. Which distributes 19% worth $17.45 trillion. Brazil accounts for $ 21.8 trillion. The country export over 44 billion barrel and also a deposit. The mineral production in Brazil saw an increase by 250% in terms of us dollars between 2000 and 2008. However, the global economic crisis of 2009 lead to major dip in Brazil’s mineral production.
The mineral production in Brazil saw an increase by 250% in terms of us dollars between 2000 and 2008. However, the global economic crisis of 2009 led to a major dip in Brazil’s mineral production. IN 2010, it was estimated that the mineral production in Brazil will exceed $35 billion and will continue to increase every year by 10% to 15%, owing to huge demand. The country is a major exporter of manganese, lead, and niobium, bauxite, tin and copper. http://www.azomining.com
Brazil is one of the largest producer of iron ore in the world with a production estimate of about 372.1 MT of iron ore in 2010. In the same year, about 258.8 Mt of iron ore was exported by the country and this was valued at nearly $21.4 billion. They are the sixteen producer of aluminum and exported them at a value of 1.7 billion dollar.
