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Varaldsøy- mining
There is still a lot of ore in the abandoned mines on Varaldsøy Island. If today's prices and availability of ore continue, it is doubtful whether the mines will resume operation. But, the pyrite is there, if the market should return. On Varaldsøy Island one finds at least nine mines and prospect pits, that for the most part date back to the latter part of the 1800s.
Ølve- Mining
All in all there are ten known copper mines and two iron mines on the Ølve peninsula. Geologically, the nine mines on Varaldsøy Island also should be figured in. The industry began at Lilledal in 1642 wth the mining of iron ore. From Jernsmauget by Dyråsen, the iron ore was sent to the iron works in eastern Norway.