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Economy, Mining

barites, Petroleum consumption, feldspar, gypsum, GDP

Mining accounted for only 0.4 percent of the GDP and 0.3 percent of the labor force, but it grew by nearly 12 percent in 1995. Operations extracting small quantities of antimony, barites, feldspar, gypsum, marble, limestone, silica, and gravel make up part of this growth, but petroleum is the major mineral resource of Guatemala. Guatemalan petroleum, however, does not nearly meet the country’s consumption needs. Production rose from 1.5 million barrels in 1990 to 8.4 million barrels in 1999. Petroleum consumption in 1999 was 22 million barrels. Most Guatemalan crude oil is used for asphalt and other derivatives.



Article key phrases:

barites, Petroleum consumption, feldspar, gypsum, GDP, labor force, asphalt, silica, limestone, gravel, marble, barrels, percent, derivatives, Mining, growth, Operations, Production

 
 

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