Resources
Forget Oil: 15 Countries Sitting On A Fortune Of Metals And Minerals
But oil isn't the only valuable resource. A Citi report lists the richest countries in terms of metals and ore.
Investors should look for countries where production is relatively low and the resource lifetime is long.
Guinea -- $222 billion in metal & ore reserves
Reserves composition (value):
100% Bauxite
Years of production: 444
Indonesia -- $227 billion in metal & ore reserves
Reserves composition (value):
48% Copper
33% Gold
19% Nickel
Years of production: 27
Mexico -- $240 billion in metal & ore reserves
Reserves composition (value):
56% Copper
15% Gold
10% Iron ore
10% Zinc
Years of production: 62
Kazakhstan -- $292 billion in metal & ore reserves
Reserves composition (value):
64% Iron ore
22% Copper
10% Zinc
4% Bauxite
Years of production: 117
India -- $296 billion in metal & ore reserves
Reserves composition (value):
86% Iron ore
8% Bauxite
6% Zinc
Years of production: 164
Photo: The Hindu
Peru -- $328 billion in metal & ore reserves
Reserves composition (value):
68% Copper
11% Gold
10% Zinc
Years of production: 23
Ukraine -- $516 billion in metal & ore reserves
Reserves composition (value):
99% Iron Ore
1% Potash
Years of production: 161
USA -- $613 billion in metal & ore reserves
Reserves composition (value):
20% Copper
19% Iron Ore
12% Gold
5% Platinum (PGM)
4% Zinc
3% Potash
Years of production: 44
Chile -- $661 billion in metal & ore reserves
Reserves composition (value):
85% Copper
8% Gold
Years of production: 31
China -- $717 billion in metal & ore reserves
Reserves composition (value):
57% Iron ore
15% Copper
8% Zinc
7% Gold
Years of production: 17
Brazil -- $726 billion in metal & ore reserves
Reserves composition (value):
70% Iron ore
8% Bauxite
8% Nickel
7% Gold
7% Potash
Years of production: 31
Canada -- $1,000 billion in metal & ore reserves
Reserves composition (value):
79% Potash
6% Iron ore
5% Nickel
3% Gold
3% Copper
1% Zinc
1% Platinum (PGM)
Years of production: 56
Australia -- $1,588 billion in metal & ore reserves
Reserves composition (value):
46% Iron ore
22% Nickel
12% Bauxite
9% Gold
5% Copper
1% Zinc
Years of production: 43
Photo: Leighton Holdings
Russia -- $1,636 billion in metal & ore reserves
Reserves composition (value):
49% Iron ore
20% Potash
14% Platinum (PGM)
8% Gold
5% Nickel
4% Copper
Years of production: 99
Photo: France 24
South Africa -- $2,494 billion in metal & ore reserves
Reserves composition (value):
91% Platinum (PGM)
6% Gold
2% Nickel
1% Iron ore
Years of production: 184
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