[forwards4all] The World's Biggest Gold Mines

 

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The World's Biggest Gold Mines
The price of gold has more than doubled in the past five years, creating considerable interest in trading the precious metal. Roughly $75 billion is traded in the London bullion market every day. Despite demand, gold is extremely scarce. By some estimates, all of the gold ever mined in the history of the world would fill only two Olympic-size swimming pools. Given the U.S. Geological Society estimates that just 51,000 tons of global gold reserves remain in the ground, gold mining remains a lucrative business. 1. Grasberg Location: Papua, Indonesia Gold Production In 2011: 1,444,000 Size: 527,400 acres Active Miners: Freeport-McMoRan Copper Gold Mining Operations: Open pit, underground 2. Cortez Location: Elko, Nev. Gold Production In 2011: 1,421,000 Size: 1,081 square miles Active Miners: Barrick Gold Mining Operations: Open pit 3 .Yanacocha Location: Cajamarca, Peru Gold Production In 2011: 1,293,000 Size: 96 square miles Active Miners: Newmont Mining; Buenaventura; World Bank Mining Operations: Open pit 4. Goldstrike Location: Eureka and Elko Counties, Nev. Gold Production In 2011: 1,088,000 Active Miners: Barrick Gold Mining Operations: Open pit and underground 5. Veladero Location: San Juan, Argentina Gold Production In 2011: 957,000 Active Miners: Barrick Gold Mining Operations: Open pit 6. Vaal River Location: Klerksdorp, South Africa Gold Production In 2011: 831,000 Size: 14,602 hectares Active Miners: AngloGold Ashanti Mining Operations: Underground 7. West Wits Location: Carletonville, South Africa Gold Production In 2011: 792,000 Size: 4,188 hectares Active Miners: AngloGold Ashanti Mining Operations: Underground 8. Lagunas Norte Location: Santiago de Chuco, Peru Gold Production In 2011: 770,000 oz Active Miners: Barrick Gold Mining Operations: Open pit 9. Kalgoorlie Super Pit Location: Kalgoorlie, Australia Gold Production In 2011: 750,000 oz Active Miners: Barrick Gold; Newmont Mining Mining Operations: Open pit 10. Boddington Location: Boddington, Australia Gold Production In 2011: 741,000 oz Active Miners: Newmont Mining
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