FIVE LARGEST GOLD MINING COUNTRIES IN THE WORLD

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FIVE LARGEST GOLD MINING COUNTRIES IN THE WORLD
LARGEST GOLD MINING COUNTRIES IN THE WORLD

FIVE LARGEST GOLD MINING COUNTRIES IN THE WORLD

Gold is one of the most precious and readily needed natural resources in the world. From its artistic use to even laboratory use gold in the hands of an individual is a gateway to riches for that individual.

Gold is a top commodity in the forex market and its international trade is a major contributor to the global economy. International trade as well contributes to the busy and frequent use of cargo ships and aircraft.

Gold is not easily gotten as one can pick up rocks, pebbles, wood, and other materials. It has to be refined and thus should anyone have the privilege to pick one up as stone, then it means it had already gone through the process that makes it as it was found.

Gold is mined deep down within the earth with special mining techniques and skills as well as chemicals. Its mining can be done by an individual or a company with sophisticated types of equipment. The mining of it can also be harmful to the environment and thus plants and animals. The hazard can be attributed to the explosives, the holes dug, the lead chemicals, and the dust from the mine. To get gold is costly and thus the cost of a bar of gold is also costly.

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LARGEST GOLD MINING COUNTRIES IN THE WORLD

The following are five largest gold-producing countries.

1 . Ghana.

Ghana is the largest gold-producing country in Africa. The production rate has risen by 5MT over the years.

2 . China

China is the largest producer of gold in the world, mining over 370 MT. The country has held its top position for more than a decade.

3 . Australia.

Australia is also the world’s largest gold-producing country. It produces over 330MT of gold a year

4 . Russia

In 2021, Russia became the third-largest producer of gold. The country’s output has been rising over the past few years, increasing from 255 MT in 2017 to 305 MT.

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5 . United States

U.S.A though has had a reduction in its production rate, is still part of the five largest gold producing countries in the world with a production rate of 180MT per year.

In Conclusion

Gold production on large scale calls for the establishment of plants and facilities along with individuals that can make up a whole town. It calls for professionals from all walks of life.

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