This paper proves lower bounds on the volume of a hyperbolic 3-orbifold whose
singular locus is a link. We identify the unique smallest volume orbifold whose
singular locus is a knot or link in the 3-sphere, or more generally in a Z_6
homology sphere. We also prove more general lower bounds under mild homological
hypotheses.Comment: 19 pages, 3 figures. Revised version, to appear in Mathematical
Research Letter