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Since copper is in demand and is an expensive resource, it can make a good basis for an economy if the government uses it wisely.

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14y ago

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Does mining forms the backbone of chiles economy?

Copper mining and production is the backbone of the Chilean economy. It accounts for one third of the governments revenue.


Mining forms the backbone of chiles economy?

Copper mining and production is the backbone of the Chilean economy. It accounts for one third of the governments revenue.


How does copper affect the economy?

it does affect becuaase we are weasting money


What do yo mean by copper mining?

mining for copper


How does the price of copper affect Chile's economy?

When the price copper goes down, the Chile economy also goes down. The Chilean economy relies heavily on copper; almost 20% of its exports and GDP is based on copper, so when it goes down, the economy is effected as it goes down.


What is copper used for in Mongolia?

In Mongolia, copper is primarily used in the mining industry, which is a significant sector of the country's economy. The Oyu Tolgoi mine, one of the largest copper-gold deposits globally, plays a crucial role in copper production. Copper produced in Mongolia is mainly used for electrical wiring, plumbing, and construction, as well as for exporting to international markets, particularly in Asia. The revenue from copper mining contributes significantly to the national economy and infrastructure development.


What is considered to be the backbone of Chile economy?

The backbone of Chile's economy is its mining sector, particularly copper production. Chile is the world's largest copper producer, which significantly contributes to the nation's GDP and export revenues. In addition to copper, the country also has notable industries in agriculture, forestry, and fishery, but mining remains the dominant force driving economic growth and stability.


Does Michigan mine?

Michigan's upper peninsula is known for mining copper


Is there a copper mining in British Columbia Canada?

Yes, British Columbia, Canada, has significant copper mining operations. The province is home to several major copper mines, including the Highland Valley Copper mine and the Gibraltar mine. These operations contribute significantly to the local economy and the mining sector in Canada, making British Columbia one of the key regions for copper production in the country. Additionally, ongoing exploration and potential new projects may further enhance copper mining activities in the region.


What is known as the 'Country of Copper'?

Zambia is known as the "Country of Copper" due to its significant copper production and exports. It is one of the top copper producers in the world, and the mining industry plays a crucial role in the country's economy.


When did Copper mining in Arizona happen?

Copper mining in Arizona happened in 2007.


How can you stop copper mining?

Find a substitute for copper and pay everyone in the copper industry for income lost by eliminating copper mining.