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Monday, June 27, 2011

Countries of the World Gold Mine (1)

The surge in gold prices is not only influenced by high demand. However, from the supply side also tends to decrease.

In fact, world gold production from year to year tends to fall. Last year, gold production is slightly better than 2008. But, it still can not exceed the highest production of 2001, as many as 2,600 tons.

Data U.S. Geological Survey (USGS), shows that gold production rose 2.26 tons to 2350 tons in 2009. Production is 9.6 percent below its peak in 2001.

Thomas Chaize, gold observer of, as quoted VIVAnews, Monday, October 4, 2010, observed that the decline in production has made the price of gold soared. Within a decade, gold prices rose from U.S. $ 275 per ounce to over U.S. $ 1,300 this month.

Data gold producing countries

Chaize also said that world gold production controlled by only a few countries. First, the South African rulers. However berlahan production down and replace by China.

Among the gold donor countries, Indonesia is also included in this list. The following countries of the world's largest gold mines:

1. China
For three consecutive years, China is the world's largest gold producer. It beat the previous record. China's gold production rose 285-300 tonnes from 2008 to 2009.

China's gold production increased by 62 percent since 2001 while world output fell by 9.6 percent in that period.

Not only as producer, China is also famous as a gold hunter. China secretly accumulate gold since 2003. In the period 2003-2009, at least 454 tonnes of gold have been absorbed by China.

2. Australia
Australia became the second largest gold producer in the world with 215 tonnes in 2009. Their gold production fell 2.3 percent compared to 2008, peak production of Australia.

Australian gold production ranking continues to rise from fourth to second, but not because of increased production due to decline more slowly than South Africa and the United States.

3. South Africa
South Africa's gold production continued to fall just half since 2001 to 2009. In 2001, South African production reached 402 tons. Whereas in 2009 only 210 tons, or fall 2008 at 213 tonnes.

With a very rapid decline in production, South Africa has lost its number one spot in 2007 to number 3 in 2009.

In addition to its reserves are depleted, the South African gold production decline in 2008 and 2009 also due to electricity supply problems.

4. United States
Uncle Sam's country can produce 210 tons of gold in 2009, a figure similar to the South African production. U.S. gold production declined since its peak in 1998. The state of Nevada to produce three-quarters of gold in the United States.


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