Many countries around the world produce gold, but among them, five stand out and hold the majority of the world’s natural resources. This yellow metal greatly promotes their trade through international trade.
Gold is one of the rarest metals on earth, serving as a safe haven for investors, and is one of the major resources for many countries. And while many produce it, five of them hold half of the world’s natural gold resources, according to Statista.
Among other things, they have refineries and mines to produce their own bullion for resale and to national banks. It is used for jewelry, silver, bullion and technology. But the yellow metal’s main benefit is helping to mitigate risks when a geopolitical crisis leads to economic uncertainty.
Australia
With 12,000 tonnes produced in its gold mine reserves in 2023, Australia is well at the top of this world ranking. Gold is one of the main raw materials of the Australian mining industry. It thus represents more than 50% of the country’s total exports and 8% of its GDP. The company’s ‘Newmont’s Boddington’ mine is the largest gold (containing gold) operation in the country, followed by ‘Newcrest’s Cadia’ and finally ‘Newmont’s Tanami’.
Russia
The world’s second largest gold producer is Russia, with 11,100 tonnes produced in 2023. It has been Europe’s leading gold supplier since 2010, and the Russian government is also the largest local consumer. However, the invasion of Ukraine led to sanctions which had a very negative impact on the country’s economy, but it still dominates thanks to its large reserves. The most important mines are located in Siberia, notably that of Olimpiada, which represents 20% of Russian gold production.
South Africa
Further away, with 5,000 tonnes produced in 2023, comes South Africa. Formerly the world’s leading producer, the country has experienced a significant decline since 1980, but still remains the largest on the African continent. The East Rand mine, in Boksburg, is the largest in the country and covers an area of 3,585 meters.
UNITED STATES
At the same level as China, the United States also produced 3,000 tonnes of gold in 2023. A significant increase was especially noted in mines in Nevada and Colorado. The state of Nevada represented, in fact, 80% of the country’s gold production in 2021. But the majority of gold produced in the United States is located in the Alaska and western regions of the United States. UNITED STATES. Also in 2021, the country’s net exports stood at $9 billion.
Chine
With 3,000 tonnes produced in 2023, China ranks fourth in the ranking of the largest gold producers in the world. Although long considered the world’s largest consumer of gold, the level of reserves has greatly declined. A decline due to strict environmental regulations that have been put in place by the Chinese government. This led to the closure of numerous mines, considered insufficiently efficient.
Indonesia
Indonesia is also among the world’s major gold producers, with 2,600 tonnes produced according to the image provided. The country has several significant gold mines, including the Grasberg mine in Papua, which is one of the largest gold mines in the world. The mining industry, including gold production, plays a significant role in the Indonesian economy.
Brazil
Brazil is also among the notable producers of gold, with a production of 2,400 tonnes according to the image. The country has several regions rich in gold, mainly in the states of Amazonia and Pará. Gold mining in Brazil dates back to colonial times and remains an important component of its mining sector, although the country faces challenges related to illegal mining and environmental concerns in the Amazon.
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