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Economy, Mining

mineral fuels, offshore drilling, Mining activity, bauxite, iron ore

Production of petroleum and natural gas has increased greatly since offshore drilling began in the 1970s, and the refining of crude oil is a major industry. In 1999 mineral fuels provided 7 percent of Malaysia’s export revenues. Malaysia’s tin reserves rank among the largest in the world, although production has declined sharply, from about 70,000 metric tons of concentrates in the early 1970s to about 6,307 in 2000. Much of the decline is due to a sharp fall in the world commodity price for the metal. Mining activity also yields bauxite, copper, iron ore, silver, and gold.



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mineral fuels, offshore drilling, Mining activity, bauxite, iron ore, major industry, natural gas, decline, copper, silver, gold, metal

 
 

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