The global economy is in a recession due to the novel coronavirus epidemic. As a result, commodity prices are going up. The lives of ordinary people are in danger. As a result, investors have been hedging against the ongoing volatility and the price of gold has reached record levels. Statista World Gold Council, a German company with market and consumer data, has published a list of gold mines based on BBC analysis. Based on that published information, we are presenting a short data relating to the top 13gold mines around the world so that readers can gain a thorough knowledge of some unknown fact sand we are happy to present this information.
Here is a list of the top 13 gold mines by tons of yellow metal produced annually until September, 2020. Which country has earned the honor of being the largest gold producing mine? Who owns these mines?
- Nevada Gold Mine
- Location :United States
- Owner :joint venture between Barrick (61.5%) and Newmont
(38.5%). Nevada Gold Mines is operated by Barrick
- Annual Production :115.8 tones
- Year of discover the mines :Goldfield was discovered in 1902, and began major gold production in 1904.
- No. of Employee :an average 14,787 direct employees in 2018.
- 2 MuruntauGold Mine
- Location :the Central Kyzylkum, Uzbekistan
- Owner :100% owned and operated by Uzbekistan’s state-owned
Navoi Mining & Metallurgy Combinat (NMMC).
- Annual Production :66 tones
- Year of discover the mines :The giant Muruntau Gold deposit was
discovered in 1958
- 3 Olimpiada Gold Mine
Location :Krasnoyarsk Krai, Russia (Severo-Yeniseysky District,
25km away from the village of Yeruda.
Owner :owned and operated by PJSC Polyus
Annual Production :43.2 tonne
Year of Discovery :discovered in 1975
No. of employee :Average3,398 man-power working there
- 4 Pueblo Viejo Gold Mine
Location :Dominican Republic, approximately 100 kilometers
northwest of the capital city of Santo Domingo,
Owner :operated by the Pueblo Viejo Dominicana Corporation,
a joint venture between Barrick (60%) and Newmont
(40%).
Annual Production :30.6 tonne
Year of commencement of production :First gold production from the
Pueblo Viejo mine commenced in August 2012.
No. of Employee :The mine employs more than 2,000 people, 95
percent of whom are Dominican.
- 5 Lihir Gold Mine
Location : on the island of Lihir, in Papua New Guinea’s (PNG)
New Ireland Province, 700km north-east of Port
Moresby.
Owner :Managed by a subsidiary of Rio Tinto until late 2005, and the operatorship was then handed over to Lihir Gold. Australian miner Newcrest Mining acquired Lihir Gold in a $9bn deal in 2010.
Annual Production :27.4 tonne
No of employee :approximately 4,500 residential and fly-in-fly-out
workers.
- 6 Cadia Valley Gold Mine
Location : in the Cadia Valley, Australia
Owner : operated by Newcrest Mining. Cadia-Ridgeway is one of two gold mines Newcrest currently operates in Australia, the other one being Telfer in Western Australia. A third gold mine fully owned by the company is the Lihir Island Gold Mine in Papua New Guinea. Another mine in Papua New Guinea, the Wafi-Golpu mine, is partially owned in a joint venture operation. In August 2019, Newcrest Mining acquired 70% of the Red Chris operation in British Columbia Canada, in a joint venture with Imperial Metals Corporation.
Annual Production :27.1 tonne
No. of Employee :719 in the year 2016
- 7 Grasberg Gold Mine
Location : in the Papua province of Indonesia
Owner :operated by Freeport Indonesia (PTFI), a subsidiary of Freeport-McMoRan Copper & Gold (FCX). PTFI owns 90.64% of the Grasberg mining operation, while the rest (9.36%) is owned by the Government of Indonesia.
Year of Discovery : open-pit operation started in 1990
Annual Production :26.8 tonne
No. of Employee :19,500 employees
- 8 Kibali Gold Mine
Location :in the northeast of the Democratic Republic of Congo (DRC), approximately 220 kilometres east of the capital of the Haut Uele province, Isiro, 150 kilometres west of the Ugandan border town of Arua and 1,800 kilometres from the Kenyan port of Mombasa.
Owner :owned by Kibali Goldmines SA (Kibali) which is a joint venture company effectively owned 45% by each of Barrick and AngloGold Ashanti, and 10% by SociétéMiniére de Kilo-Moto (SOKIMO). The mine is operated by Barrick.
Annual Production :25.3 tonne
- 9 Loulo-Gounkoto Gold Mine
Location :situated in western Mali, bordering Senegal and adjacent to the Falémé River,
Owner :Société des Mines de Loulo SA (Loulo) owns the Loulo gold mine, and Société des Mines de Gounkoto (Gounkoto) owns the Gounkoto gold mine. Both Loulo and Gounkoto are owned by Barrick (80%), and the State of Mali (20%).
Annual Production :22.2 tonne
10 Boddington Gold Mine
Location :130km south-east of Perth in Western Australia
Owner :Initially a three-way joint venture between Newmont Mining, AngloGold Ashanti and Newcrest Mining. In 2006, Newmont bought Newcrest’s 22.22% share, bringing its interest to 66.67% and ending any Australian ownership. AngloGold owned the remaining 33.33%. In June 2009, Newmont became the sole owner of the mine by acquiring the 33.3% interest of AngloGold.
Annual Production :21.9 tonne
11. South deep Gold Mines [ it isis the largest gold mine in the world]
Location :45km south-west of Johannesburg in the Witwatersrand Basin, South Africa,
Owner :Goldfields from 2006
Annual Production :157,100oz of gold in 2018
Commencement of operation :1961
12. Norte Abeierto Gold Mine
Location :Two deposits named Cerro Casale and Caspiche that are located at a distance of 12km from each other, within the Maricunga Gold Belt of northern Chile, will be mined as part of the project.
Owner :equal share joint venture between Barrick Gold and Newmont Goldcorp.
Annual Production :at least 500,000 ounces
13) Carlin Trend Gold Mine
Location :Located 100km south-west of Elko, in Lander County, Nevada, US,
Owner :operated by Barrick Gold
Annual Production :1.7Moz of gold from Cortez mine in 2018.