Title: Yemen: Mining, Minerals, and Fuel Resources
Headings: Yemen: Mining, Minerals, and Fuel Resources
Yemen: Mining, Minerals, and Fuel Resources
Overview of Resources
Metals
Industrial Minerals
Fossil Fuels
Investment
Sources and Further Reading
G.P. Thomas
Citations
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Content: The industrial mineral deposits found in the country include zeolite, talc, scoria, sandstone, perlite, magnesite, limestone, gypsum, feldspar, dolomite, clays and celestine. The country also has rich reserves of fossil fuels that include natural gas and crude oil. The map of Yemen. Image Credit: CIA Factbook
The country’s mineral industry accounts for nearly 7% of its GDP. The value of natural gas and crude oil increased by 43% to about $6.4 billion in 2010 from $4.4 billion in 2009. Government revenue from the country’s oil and gas industry amounted to $2.75 billion in 2010, compared to $1.96 billion in 2009. Metals
Several companies have been allowed to explore the gold deposits in Yemen. Cantex Mine Development Corp. of Canada continued drilling at the Al Hariqah deposit in 2010. Thani Duabi Mining of the United Arab Emirates has found gold deposits in the Wadi Sharis/Hajjah area, which was estimated to provide an average of 7 g of gold per ton.