10 world’s biggest gold mines.

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

 
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