5 Countries with the Largest Gold Mines in the World

in hive-103393 •  4 years ago  (edited)

The following are countries with five gold mines that have the largest content in the world as reported by Global Mining.
1 Rusia

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"Russian presidential candidate Vladimir Putin delivers a speech during his candidacy campaign at the Luzhniki stadium in Moscow (3/3). Putin has served as President of Russia for 3 terms, namely 2000-2004, 2004-2008 and 2012-2018. (AFP / Kirill Kudryavtsev)"
In the past, Siberia was feared by the citizens of the Russian Empire. Because, the criminals will be sent there. As it turned out, there was a large gold mine in East Siberia, or to be precise in Krasnoyarsk.
Based on calculations in 2012, the gold mine called Olimpiada has reserves of 47.5 million ounces, and had produced gold of 943 thousand ounces in 2016. The mining at Olimpiada is operated by Polyus which is currently owned by Russian billionaire Said Kerimov.

2 Uzbekistan

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Treasure gold illustration (iStock)

Furthermore, the fourth largest gold mine in the world is in Uzbekistan with an estimated gold content of 50 million ounces.The gold mine, called Muruntau, is located in the Kyzyl Desert, and is owned by the Uzbekistan government.
Although it produced nearly 2.2 million ounces of gold in 2016, the Uzbekistan government was reluctant to disclose complete information.

3 Papua Nugini

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Inland Papua New Guinea (AFP)

Papua New Guinea has the third largest gold reserves in the world. The location of the gold is in the province of New Ireland, northeast of Port Moresby. It is estimated that there are 64.1 million ounces of gold contained in this mine.

The gold stock in Lihir lies within the Luise Caldera, an extinct, but still geothermal, volcanic crater.

The gold mine was 100 percent owned and operated by Lihir Gold Limited prior to the merger with Newcrest. Both are from Australia.

4 south Africa

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Johannesburg (iStock)

Located just off Johannesburg, the capital of South Africa, the South Deep gold mine is the second largest in the world.
Formerly, South Deep was known as Western Areas Gold Mine. The operator and owner of the South Deep gold mine is a company called Gold Felds headquartered in Johannesburg. The age of the South Deep mine is estimated to be able to produce 500 thousand ounces of gold each year by 2023.

5 Indonesia

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PT Freeport CEO Richard Adkerson and Inalum Managing Director Budi Gunadi Sadikin together with the Minister of Finance, Minister of Energy and Mineral Resources, Minister of BUMN and Minister of Environment and Forestry after signing the acquisition of 51% stake in PT Freeport Indonesia in Jakarta, Thursday (12/7). (Liputan6.com/Angga Yuniar)

Grasberg may still be unfamiliar to Indonesians, but if you mention Freeport, the wider community must already know about it. The Grasberg gold mine in Papua is the largest in the world. It is estimated that Grasberg's gold reserves are at 106.2 million ounces. That figure is more than double the gold in Siberia. Previously, Freeport Indonesia had a stake of more than 90 percent in this mine. Now, Indonesia, through Inalum, has managed to control 51 percent of its shares by purchasing a participating interest from Rio Tinto of around USD 3.86 trillion (around Rp. 55.37 trillion).

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