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6 Top Gold Mining Nations

By    |   Tuesday, 30 June 2015 10:57 PM

Gold is mined in about 90 countries throughout the world. The top 20 producing countries are responsible for about 75 percent of gold output, with no country producing more than about 14 percent of the total world output, according to the World Gold Council.

The world’s top 10 gold producing nations collectively saw a 2 percent increase in output in 2014, according to the annual Gold Fields Mineral Services Ltd (GFMS) survey published by Thomson Reuters.

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Here are the six top gold mining nations in the world.

1. China
Acknowledged as the world's largest producer of gold, and gold's biggest consumer, China doesn't have a single one of its state-owned mining companies listed among the Top 10 of the annual GFMS survey. But China's collective output far exceeds that of any other country, according to GFMS. Production rose by 6 percent in 2014, to 14.9 million ounces, and China is expanding through partnerships with international gold mining companies.

2. Russia
Gold has become a national priority for Vladimir Putin's Russia. The country is reportedly stockpiling gold in huge quantities, and mining it at a fast-enough clip that in 2014, Russia surpassed Australia to become the world's No. 2 gold producer.

3. Australia
Gold production Down Under edged up in 2014, by about 1 percent according to GFMS, but not enough to stop Russia from claiming the "best of the rest" title for gold-mining nations after China.

4. United States
Gold production fell sharply in 2014 in the United States, by 12 percent, to about 6.4 million ounces. But U.S. gold mines remain some of the most productive in the world. Their ranks include the Goldstrike and Cortez mines near Elko, Nevada, both owned by Toronto-based Barrick Gold.

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5. Peru
Production fell by 10 percent in 2014. Peruvian gold mining remains a global force, but the industry has been shaken by conflicts over a government crackdown in illegal mining, and National Geographic reported that a gold rush of recent years has been rough on Peru's environment.

6. South Africa
The dominant global gold producer for almost a century, South Africa in recent years has slid down the output scale, trailed by Canada at No. 7 and Mexico at No. 8. Industry observers attribute the slide to a combination of aging mines and higher operating costs, International Business Times reported.

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Gold is mined in about 90 countries throughout the world. The top 20 producing countries are responsible for about 75 percent of gold output, with no country producing more than about 14 percent of the total world output, according to the World Gold Council.
gold, mining, nations
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2015-57-30
Tuesday, 30 June 2015 10:57 PM
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