10 world’s biggest gold mines.

[rchugga updates]

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.

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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.

Story by Rchugga Blog



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1. Grasberg

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Location: Papua, Indonesia

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Gold Production In 2011: 1,444,000

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Size: 527,400 acres

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Active Miners: Freeport-McMoRan Copper Gold

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2. Cortez Location: Elko, Nev.

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Gold Production In 2011: 1,421,000

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Size: 1,081 square miles

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Active Miners: Barrick Gold

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Mining Operations: Open pit

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3 .Yanacocha

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Location: Cajamarca, Peru

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Gold Production In 2011: 1,293,000

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Size: 96 square miles

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Active Miners: Newmont Mining; Buenaventura; World Bank

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Mining Operations: Open pit

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4. Goldstrike

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Location: Eureka and Elko Counties, Nev.

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Gold Production In 2011: 1,088,000

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Active Miners: Barrick Gold

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Mining Operations: Open pit and underground

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5. Veladero

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Location: San Juan, Argentina

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Gold Production In 2011: 957,000

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Active Miners: Barrick Gold

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Mining Operations: Open pit

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Mining Operations: Open pit, underground

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6. Vaal River

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Location: Klerksdorp, South Africa

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Gold Production In 2011: 831,000

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Size: 14,602 hectares

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Active Miners: AngloGold Ashanti

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Mining Operations: Underground.

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7. West Wits

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Location: Carletonville, South Africa

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Gold Production In 2011: 792,000

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Size: 4,188 hectares

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Active Miners: AngloGold Ashanti

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Mining Operations: Underground

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8. Lagunas Norte

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Location: Santiago de Chuco, Peru

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Gold Production In 2011: 770,000 oz

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Active Miners: Barrick Gold

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Mining Operations: Open pit

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9. Kalgoorlie Super Pit

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Location: Kalgoorlie, Australia

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Gold Production In 2011: 750,000 oz

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Active Miners: Barrick Gold; Newmont Mining

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Mining Operations: Open pit.

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10. Boddington

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Location: Boddington, Australia

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Gold Production In 2011: 741,000 oz

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Active Miners: Newmont Mining

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[Highlander]

only two Olympic-size swimming pools? Siyo uongo huu?! Blogger anatafuta sifa tu huyu.

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.

Story by Rchugga Blog





1. Grasberg



Location: Papua, Indonesia



Gold Production In 2011: 1,444,000



Size: 527,400 acres



Active Miners: Freeport-McMoRan Copper Gold

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



Mining Operations: Open pit, underground

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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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