NEW YORK, June 22, 2016 /PRNewswire/ -- Synopsis
Timetric's 'Global Gold Mining to 2020' report comprehensively covers global reserves of gold by country, and the historic and forecast data on gold production, prices and gold metal consumption.
The report also includes demand drivers for global gold, profiles of major gold producing companies in the world, and information on active, exploration and development gold projects.
It is an essential tool for companies active in gold mining, and for new competitors considering entering the industry.
Global gold reserves were 56,700 tonnes (t) as of January 2016, with Australia accounting for the largest share with 9,100t or 16% of the total, followed by Russia with 8,000t (14.1%), South Africa with 6,000t (10.6%), the US and Indonesia each with 3,000t (5.3%), Peru with 2,800t (4.9%), Brazil with 2,400t (4.2%) and the remainder by other countries.
Gold reserves in Russia are mostly located in the Far East and Krasnoyarsk districts. The Witwatersrand basin remains the largest gold deposit basin in South Africa.
The report contains an overview of the global gold mining industry together with the key factors affecting the industry and demand for the commodity.
It also provides information about global gold reserves, the historic and forecast data on gold production, prices, gold metal consumption, the competitive landscape and active, exploration and development gold projects.
Reasons To Buy
Gain an understanding of the global gold mining industry, reserves, historic and forecast data on gold production, prices, gold metal consumption, demand drivers, active, exploration and development gold projects and the competitive landscape.
• Global gold mine production was an estimated 107.8 million ounces in 2015; up by 3.1% over the previous year. Production was 104.6 million ounces in 2014, down by 1.9% due to a 32.5% fall in production from the Cortez mine, owned by Barrick Gold Corporation.
• Global gold consumption was an estimated 148.6 million ounces in 2015; down by 0.4% over the preceding year due to a fall in jewelry demand owing to China's economic slowdown.
• Australian gold mine production was an estimated 9.69 million ounces in 2015, relatively steady compared with the previous year. The closure of the Henty mine in Tasmania was offset by production from mines in Western Australia including Boddington and the Super Pit.
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