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The commodity story of China being the demand force for oil, minerals like iron ore and agricultural commodities is still in play, but savvy fund managers are turning inward along with the Chinese government.
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It has oil, gold, chromium, iron ore and a host of other minerals.
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Mes Aynak is one of dozens of known sites across Afghanistan brimming with rich deposits of other minerals iron ore, lithium and cobalt.
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The pipeline is part of plans by Sirius Minerals to extract the ore, used in fertilizers, from beneath the North York Moors National Park.
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Chhattisgarh is rich with minerals such as iron ore and bauxite.
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Prices on iron ore, copper, coal and other minerals are nearing all-time highs.
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Malaysia is the world's largest producer of palm oil--a cheaper substitute for vegetable or sunflower oil--and it is also blessed with an abundance of forestry, fertile agricultural land and minerals like copper and iron ore.
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Besides the unsightly effects that many mines have on the landscape, they usually churn out vast quantities of toxic waste in the form of acidic drainage-water and tailings the fine particles of rock produced when ore is ground down to release the minerals it contains.
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One reason, argues Ian Maxwell of Schroder Salomon Smith Barney, an investment bank, is that only the biggest firms can afford to get over the high barriers to entry in the high-return, low-risk niches of the mining business: iron ore, alumina, diamonds and industrial minerals.
ECONOMIST: Mining
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Back on land, mining-company engineers say new techniques, such as dissolving minerals and sucking them up through a pipe or extracting ore with high-powered water jets, could increase recoverable reserves.
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Other winners include Northgate Minerals, up 88%, and Mesabi Trust, a company whose income is derived from iron ore mining in Minnesota.
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