The Mineral Industry of North Korea in 2016
2016 Minerals Yearbook NORTH KOREA [ADVANCE RELEASE] U.S. Department of the Interior October 2019 U.S. Geological Survey The Mineral Industry of North Korea By Jaewon Chung North Korea had various mineral resources in the form of precious metals and rare-earth metals (Statistics Korea, 2017, of metallic minerals (copper, gold, iron, lead, manganese, p. 126–135). molybdenum, nickel, silver, tantalum, tungsten, and zinc), North Korea’s total imports were valued at $3.7 billion, industrial minerals (graphite, limestone, magnesite, phosphate which was up by 4.4% from that of 2015. Imports of rock, and rare earths), and mineral fuels and related materials mineral fuels were valued at $439 million; iron and steel, (coal and uranium). Mineral production in North Korea was $116 million; nonmetallic minerals, $26 million; inorganic insignificant relative to the country’s reserves owing to a chemical and compounds of precious metals and rare-earth lack of infrastructure. The potential value of reserves has metals, $21 million; and ores, slag, and ash, $0.6 million. Of been estimated to be more than $2.79 trillion; however, the North Korea’s total imports, China supplied 99.6% of iron and country’s mineral reserves could not be verified by outside steel; 99.3% of inorganic chemical and compounds of precious sources owing to the confidential nature of the Government metals and rare-earth metals; 84.7% of mineral fuels; and 45.6% information. In 2016, North Korea accounted for about 18% of ores, slag, and ash (Statistics Korea, 2017, p. 126–135). of the world’s magnesite reserves and 2.5% of magnesite Mineral commodities exported to China from North Korea production (excluding United States production) (Yoon, 2011, were sold far below global commodity prices.
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