In response to recent diplomatic developments between the United States and Cuba, the U.S. Geological this week published a lengthy and details fact sheet on recent trends in Cuba’s mining and petroleum industries.
The report features a new map and table identifying mines, mineral processing facilities, and petroleum facilities as well as information on the location, operational status, and ownership of those projects. It also addresses the current status of known mineral industry projects, historical developments, and trends of the Cuban economy and the supply and demand for Cuba’s mineral resources.
Cuba is among the world’s top 10 producers of cobalt and nickel, the country’s leading exports. The USGS estimates that Cuba also produces about 50,000 barrels of oil per day and about 20,000 barrels per day oil equivalent of natural gas. In 2013, the value of mining and quarrying activities accounted for 0.6 percent of Cuba’s gross domestic product, less than half of what it was in 2000.
Full report here.
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