North Korea’s mining prospects

North Korean leader Kim Jong-il inspects the Ranam Mining Machine Manufacturing Complex in North Hamkyong Province. (Photo: AAP)

Author: Choi Kyung-soo, NKRI

The mining industry is one of the most important components of North Korea’s economy and minerals are its most important export commodity.

North Korea hosts sizeable deposits of more than 200 different minerals. Of those mineral resources identified, deposits of coal, iron ore, magnesite, gold ore, zinc ore, copper ore, limestone, molybdenite, and graphite are the largest and all have the potential for the development of large-scale mines. Read more…