{"id":258617,"date":"2018-07-16T10:01:17","date_gmt":"2018-07-16T08:01:17","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=258617"},"modified":"2018-07-16T10:01:17","modified_gmt":"2018-07-16T08:01:17","slug":"these-are-the-biggest-gold-producing-countries-in-the-world","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/258617\/these-are-the-biggest-gold-producing-countries-in-the-world\/","title":{"rendered":"These are the biggest gold producing countries in the world"},"content":{"rendered":"

The South African Chamber of Mines released its annual fact book in June, showing that the country’s mining sector is continuing to experience a difficult period.<\/p>\n

According to the report, one of the biggest issues is the controversial mining charter proposed by former mineral resources minister Mosebezi Zwane, which has lead to a deep chasm between mining companies and the national government.<\/p>\n

This compounded by the fact that\u00a0production was down 9.9% in the first quarter of 2018 – following a decline of 4.4% in the fourth quarter of 2017 – lead to\u00a0falling performance, it said.<\/p>\n

Things between the two parties have taken a more positive turn with the\u00a0rise of Cyril Ramaphosa to the office of the president, along with a cabinet reshuffle that placed former ANC secretary general Gwede Mantashe at the head of the mineral resources department, however tensions remain the Chamber of Mines said.<\/p>\n

While South Africa has long been understood to be one of the greatest gold producers in the world for large parts<\/a><\/strong> of the 19th an 20th centuries, these issues alongside steady declines in output over the last three decades mean that new global powerhouses have risen to the top.<\/p>\n

Gold<\/strong><\/p>\n

According to Reuters’ latest Gold Survey<\/a><\/strong> for 2o18,\u00a0global mine production inched lower by 5 tonnes last year (0.1%) to a total 3,247 tonnes – the first annual drop since 2008.<\/p>\n

Environmental concerns and a crackdown on illegal mining were the driving force behind the drop in output in 2017, with China, Peru and Colombia all named as countries that were impacted.<\/p>\n

In comparison\u00a0Russia and Suriname saw the largest production increases led by ramp-ups at the countries\u2019 biggest operations, while higher grades and fresh ounces were behind strong gains in Canada.<\/p>\n

Despite these drops, China is still the world’s biggest gold producer (426.1 tonnes) Reuters found, dwarfing second place Australia with\u00a0295 tonnes.<\/p>\n

By comparison, South Africa has steadily dropped over the years, and is now down to eighth – behind sixth-placed Peru (162.3 tonnes) and Indonesia (154.3) with 139.9 tonnes of gold produced in 2017.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/th>\nCountry<\/th>\nProduction (t)<\/th>\n<\/tr>\n
1<\/td>\nChina<\/td>\n426.1<\/td>\n<\/tr>\n
2<\/td>\nAustralia<\/td>\n295.0<\/td>\n<\/tr>\n
3<\/td>\nRussia<\/td>\n270.7<\/td>\n<\/tr>\n
4<\/td>\nUnited States<\/td>\n230.0<\/td>\n<\/tr>\n
5<\/td>\nCanada<\/td>\n175.8<\/td>\n<\/tr>\n
6<\/td>\nPeru<\/td>\n162.3<\/td>\n<\/tr>\n
7<\/td>\nIndonesia<\/td>\n154.3<\/td>\n<\/tr>\n
8<\/strong><\/td>\nSouth Africa<\/strong><\/td>\n139.9<\/strong><\/td>\n<\/tr>\n
9<\/td>\nMexico<\/td>\n130.5<\/td>\n<\/tr>\n
10<\/td>\nGhana<\/td>\n101.7<\/td>\n<\/tr>\n
11<\/td>\nUzbekistan<\/td>\n84.9<\/td>\n<\/tr>\n
12<\/td>\nBrazil<\/td>\n79.9<\/td>\n<\/tr>\n
13<\/td>\nPNG<\/td>\n61.9<\/td>\n<\/tr>\n
14<\/td>\nArgentina<\/td>\n61.0<\/td>\n<\/tr>\n
15<\/td>\nDemocratic Republic of Congo<\/td>\n60.1<\/td>\n<\/tr>\n
16<\/td>\nKazakhstan<\/td>\n55.1<\/td>\n<\/tr>\n
17<\/td>\nMali<\/td>\n52.2<\/td>\n<\/tr>\n
18<\/td>\nColombia<\/td>\n50.6<\/td>\n<\/tr>\n
19<\/td>\nTanzania<\/td>\n49.1<\/td>\n<\/tr>\n
20<\/td>\nBurkina Faso<\/td>\n49.1<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read:\u00a0How much money gold, platinum, coal and diamond miners earn in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The South African Chamber of Mines released its annual fact book in June, showing that the country’s mining sector is continuing to experience a difficult period.<\/p>\n","protected":false},"author":10,"featured_media":90404,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26],"class_list":["post-258617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/258617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=258617"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/258617\/revisions"}],"predecessor-version":[{"id":258661,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/258617\/revisions\/258661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/90404"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=258617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=258617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=258617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}