Monday, February 28, 2011

Australia Still #2 In Gold Production

Mainland China is still the largest gold-producing nation, but Australia is comfortably ensconced in the #2 slot.
"Gold produced from Australian mines in 2010 was worth some 12 billion Australian dollars ($12.2 billion) at the current spot price," said Sandra Close, a director at Surbiton. "Gold remains one of Australia's top export earners."...

...Australian production reached 70 tons in the final three months of last year, up 12% on the year and 3% on the prior quarter.

It may surprise those who think that greenieism has a lock-hold on federal and state governments, but the United States is in third place. U.S. mines produced an estimated 20% more than South African mines last year.

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