So reports Michelle Smith (http://goldinvestingnews.com) in edited excerpts from her original article*.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), may have edited the article below for length and clarity – see Editor’s Note at the bottom of the page for details. This paragraph must be included in any article re-posting to avoid copyright infringement.
Smith’s report continues as follows:
Mine production: 355 tonnes
In addition to being a top gold consumer, China is also the leader of the world’s gold-producing nations, a title it took from South Africa in 2007. In 2011, China was the only country whose production exceeded 300 tonnes. Its mine output last year was ten tonnes more than in 2010, representing an almost 3 percent increase in production. China also ranks third in explored gold reserves.
Mine production: 270 tonnes
Australia’s production increased last year from the 261 tonnes reported for 2010. Most of the country’s yellow metal is extracted in the state of Western Australia, where the world-class Super Pit at Kalgoorlie is located. Once called the Golden Mile, and consisting of numerous mining operations, this landmark site was converted into Australia’s largest open-pit mine and is now owned by Newmont and Barrick Gold.
3. United States
Mine production: 237 tonnes
Production of gold in the U.S. rose from 231 tonnes in 2010. The vast majority of US gold is mined in the state of Nevada, home of the Carlin trend. Newmont has renowned operations in the region, including 14 open-pit mines and four underground mines that operate as an integrated unit employing various processing methods.
Take Note: If you like what this site has to offer go here to receive Your Daily Intelligence Report with links to the latest articles posted on munKNEE.com. It’s FREE! An easy “unsubscribe” feature is provided should you decide to cancel at any time.
Mine production: 200 tonnes
Russia’s gold production increased 8 tonnes last year from the 192 tonnes mined in 2010. Though Russia is fourth among producers, the nation ranks second in explored reserves. The nation’s most prolific gold regions are Siberia and the Far East. Polyus Gold International, which claimed the title of top gold producer in Russia for 2011, operates mines in both areas.
5. South Africa
Mine production: 190 tonnes
Centered on the list is Africa’s largest gold-producing nation. Though South Africa is no longer the king of the producing nations, it continues to possess the most gold resources as well as the world’s largest deposits in Witswatersrand. From 2010 to 2011 gold production was virtually flat, with only a 1 tonne increase reported, a 0.5 percent change.
Mine production: 150 tonnes
Peru is one of only two of the top ten gold-producing nations to experience declines in mined output in 2011. Production fell from 164 tonnes in 2010. Still, Peru is home to Minera Yanacocha, which is the largest gold producer in Latin America and has three active open pits.
Mine production: 110 tonnes
Like its southern neighbor, Canada saw its gold production increase last year, mining 110 tonnes compared to 91 tonnes in 2010. The majority of the nation’s gold comes from Ontario, which is the home of Goldcorp’s Red Lake gold mine. About half of the country’s annual gold production comes from Red Lake.
Mine production: 100 tonnes
Ghana’s gold production rose from the 82 tonnes reported for 2010. Once known as the Gold Coast, this West African nation is the second-largest gold producer on the continent. The country’s largest mine, Tarkwa, is operated by Gold Fields.
Mine production: 100 tonnes
Indonesia is an archipelago of 17,508 islands in Southeast Asia. Despite the nation’s diverse geography, its gold resources are concentrated in a handful of mineral districts. One of the most notable is Grasberg, which hosts the world’s largest gold mine, also named Grasberg. Though it ranks equally with Ghana for production in 2011, that level of output is a decrease for Indonesia, which produced 120 tonnes in 2010.
Mine production: 90 tonnes
The world’s tenth-largest gold producer is Uzbekistan, a landlocked nation carved out of the former Soviet Union. The gold mining industry is dominated by state-owned Navoi Mining and Metallurgical Combinat, which is responsible for 80 percent of Uzbekistan’s gold production. Navoi Mining’s key asset is Muruntau, the world’s largest open-pit mine; its reserves are expected to last until about 2032.
*http://goldinvestingnews.com/26172/top-10-gold-producing-nations-2011-china-australia-united-states-russia-south-africa.html (To access the above article please copy the URL and paste it into your browser.)
Editor’s Note: The above article may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
From ancient times to the famous gold rushes, gold was first discovered in placer deposits….Today, however, most gold comes from hard rock deposits where gold is disseminated or associated with other metals and mined either through open pit or underground mining. This infographic tells (shows) you everything you need to know about gold mining and it supply from around the world.
As long as there have been people, there’s been an attraction to gold. From pharaohs to hedge funds, gold has been an important tool of building and protecting wealth. Take a look at the interactive gold timeline below which carries you through gold’s enduring path as a universal symbol of wealth.
The Gold Tree Infographic below visualizes above-ground stock, sources and uses of gold and pictures the different forms of gold investments – ranging from physical gold in the form of bullion gold to securities not backed by gold.
The infographic below on vaulted gold explains what vaulted gold is and visualizes key facts relating to investments in gold that is stored on behalf of investors in high-security vaults.
Gold-producing countries are found on nearly all continents, and represent the gamut of economies from developed super-powers to small, emerging market countries. With gold’s spectacular rise in price and related demand, it’s worth your time to know a little bit about where all the gold comes from.
Wars have been fought over gold, love has been expressed by it an gold has changed the landscape of civilizations and the world – but what makes gold so great? This infographic examines the history of gold from ancient history to the gold rushes of the centuries ago. It looks at its properties and how it became not only a currency, but the gold standard.