Top 10 Gold Producing Countries in the World
Gold is one of the expensive metals on earth. It is found in 0.003 per million on the earth crust. There is always an ongoing research regarding how much gold mining is occurring every year and which countries are involved in digging up the metal. According to the reports in 2018 total of 3332 tons gold was dug up which has increased by 2 percent compared to last year. Countries like Argentina, Mali, US, and Russia. According to the 2018 report here are the 10 countries that topped the list and the list is given below.
China is a country that has been on the top of the list as a maximum gold producing country. The country has 12% gold mine of the world. As for the report the country has produced 399.7 tons gold. Although, the production has declined as compared to previous years due to environmental policies; but still the country made it top of the list.
It’s been six years that Australia has been on the list regarding gold production. According to GFMS report the production has increased by 6% in 2018. Among all the mines in the country the Newcrest’s Cadia Hill mine has produced 23 tons gold. The gold production from Cadia Hill minealone has increased by38% from 2017. Besides that AngloGold Ashanti, and Kirkland Lake have produced gold that was increased by 12% and 21% respectively. Due to the increase in production the GDP of the country has increased by 8%.
When it comes to Russia, the country produced 253.2 tons. It is fascinating to know that 83% of European gold is produced in Russia. Since 2010 the gold production is being increased in every year and in 2018 the production rate increased by 2% that is 11 tons. The policy makers in the country are solely paying attention to the production industry. More interestingly, the Russian government itself is the largest buyer of the gold that is being produced in Russia.
As for the reports the United States of America produces 253.2 tons. The production rose up to 10% in 2018. Nevada is marked as the maximum gold producing area as it produced 78% of total gold in America.
The country produced 193.0 tons gold in 2018 and production has been increased up to 17 tons. The Seabridge Gold which is a Toronto based gold mine has seen a favorable condition due to the glacial change as it is believed to have 780 metric tons of the metal. This may be the reason behind the increased production in British Columbia.
In 2018 the country Indonesia managed to get sixth position on the list by producing 155.4 tons gold. The production has increased by 23% that is 36 tons. The reason behind the massive increase in production due to the development in Grasberg open pit operation; this lead to produce 40% of the total gold in Indonesia. In order to hold the production rate the government of Indonesia is reforming the policies by keeping the environmental factors in mind.
The country produced 155.4 tons gold in 2018. The production has decreased due to the illegal usage of the mine. Gold mining is important for the country’s economy; 28% percent of the country’s GDP comes from gold mining.
For many years the country has been on the top of the list but since, 2008 the production declined. The country regained its glory in 2013 as the production increased by few tons. In the last year the country produced 123.5 tons.
According to the report, the country has produced 121.6 tons. The production rate has increased up to 130 tons in 2017. The increase in production has been considered as one of the significant rise in the country’s history.
The country produced 101.8 tons of gold in last year. The country is considered as the second highest gold producing country in the African continent. The country exports 10% of the total production and it has a high effect on the country’s GDP. Apart from gold the country has several other spots that are identified as rich in metal.
The above list is based on the FFMS’s report. They conducted the survey in 2019 and the list showing the production rate of last year. Though the list is subjective as the mining industry largely depends on the environment and governmental policy so it will change in the upcoming years.
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