World's top 10 gold deposits

Here mines are ranked based on the overall size of gold resources to give the viewer a truer sense of gold existance. It is ranging from low to high i.e. from 10 to 1.

#10 | Obuasi | 29,830,000 Oz Gold position: GHANA, western Africa In the #10 location is Obuasi, owned by major gold manufacturer AngloGold Ashanti. It is mainly a high- grade underground mine with periodic open-pit procedures throughout its long history. It is established in the Ashanti district of southwest Ghana in western Africa; a prolific gold making district for centuries. The below ground operation extends to a deepness of 1,500 meters or 4,900 feet (almost a mile). excavation started at Obuasi more than 110 years before, in 1897 when it was initially renowned as the Ashanti Mine.

#9 | CADIA EAST | 37,600,000 Oz Gold Location: New South Wales, AUSTRALIA In the #9 location is Cadia East, belongs to by Australian major Newcrest. The large below ground excavation operation is part of a trio of gold mines, in close proximity to one another, known collectively as Newcrest's Cadia Valley procedures, approximately 250 kilometers west of Sydney. The other two mines are Cadia Hill and Ridgeway. Cadia high ground is a large open-pit mine nearing the end of its helpful life just as the newly evolved Cadia East recently started its expected 30 year mine life. Gold was first found out in the gold and copper bearing Cadia district in 1851 and Cadia East was discovered in 1994.

#8 | MPONENG | 39,557,000 Oz Gold Location: beside Johannesburg, SOUTH AFRICA In the #8 location is Mponeng, belongs to by South African foremost AngloGold Ashanti. It is located just 65km west of Johannesburg in one of the world's most prolific mining districts known as the Witwatersrand. In addition to being one of the biggest, Mponeng is furthermore one of the world's deepest underground mines. It expands over 2 miles underneath the exterior and it takes over an hour to come to the base. The rocks at this depth come to a warmth of 150 degrees farenheit needing slurry ice be propelled underground to cool the natural environment down to a bearable 85 qualifications.

#7 | PUEBLO VIEJO | 40,085,000 Oz Gold position: DOMINICAN REPUBLIC approaching in at #7 is Pueblo Viejo, belongs to together by majors Barrick (60%) and Goldcorp (40%). This large deposit is established in the Dominican Republic, approximately 100km northwest of the capital of Santo Domingo. It might surprise some that this little isle nation is rich in mineral reserves. The open pit mine is very new and began output in January 2013. It furthermore has large shiny and copper reserves to complement its gold deposit. As it ramps up to full production, it will also be one of the biggest manufacturers in the world, but we'll save production numbers for a distinct Top 10 register.

#6 | OYU TOLGOI | 46,340,000 Oz Gold Location: South Gobi Desert, MONGOLIA At #6 on our list is Oyu Tolgoi, belongs to jointly by Rio Tinto (34%), Turquoise high ground (32%) and Mongolia (34%). This is another freshly developed mammoth deposit located in the isolated south comes to of Mongolia. The mine cost the princely sum of US $6.6B to develop and went into production in January 2013. In supplement to its 46Moz+ of gold, it furthermore comprises over 40 billion pounds of copper worth US$140B. It's actually a copper mine masquerading as a gold mine. It will furthermore be one of the biggest gold and copper manufacturers on soil as it ramps up to full output.

#5 | OLYMPIADA | 47,500,000 Oz Gold Location: Central Siberia, RUSSIA In the #5 location is Olympiada, owned solely by Russian foremost Polyus. This large open-pit mine is established in the country's most prolific gold bearing district; the Krasnoyarsk krai in central Siberia. In detail this locality is at the heart Russian natural resource output in general. Olympiada was found out in 1970 and eventually went into production in 1996 and regardless of its age it has plenty of resource life left. Russia is the 4th biggest gold producer in the world, and as Russia's large-scale producer, Olympiada was responsible for 9% of the total in 2012.

#4 | MURUNTAU | 50,000,000 Oz Gold position: Kyzyl Kum Desert, UZBEKISTAN At #4, Muruntau is bodily the biggest open pit gold mine on soil, measuring 3.5km x 2.5km over (2.2mi x 1.6mi) at the exterior. This megalith of a mine is currently belongs to by the Uzbek government. Like its kin, Oyu Tolgoi and Olympiada, this mine is established on the isolated fringes of the Asian steppe. output started in the late 60's, as up to date bigger scale production ramped up in the 1990's with Newmont's engagement. whereas large, the down payments true dimensions is hard to ascertain due to a less than clear owner.

#3 | LIHIR | 64,100,000 Oz Gold position: Niolam (aka Lihir) isle, PAPUA NEW GUINEA Now we're going into rarified air. In the #3 location is Lihir at a whopping 64Moz+. This large tropical open pit mine began output in 1997 and is actually belongs to by Australian major Newcrest who acquired it in 2010 for a cool US $22B. It's another remote mine, established on the little isle of Lihir, over 900km (560mi) east of dock Moresby, Papua New Guinea. The pit is actually in the caldera of an extinct volcano that is geothermically active. Retrofitting is actually underway to spectacularly increase output, which will likely make it one of the largest gold manufacturers as well.

#2 | SOUTH DEEP | 81,413,000 Oz Gold position: Near Johannesburg, SOUTH AFRICA #2 South Deep is furthermore established in the Witwatersrand Basin, very beside to 8th location Mponeng. likewise, it is a high- grade deep underground mine, just southwest of Johannesburg. The mine is in the early phases of ramping up to full output. excavation began at the location in 1961 and Gold areas bought the procedure in 2006. The mine produced 273,000 ounces in 2012 and is expected to make 770,000 ounces every year by 2015. Amazingly, it is approximated that the mine will sustain this high rate of production until 2057 with mine life lasting until 2080.

#1 | GRASBERG | 106,231,000 Oz Gold Location: Papua, INDONESIA At #1, Grasberg is the granddaddy of them all containing a whopping 100Moz+ of gold. The huge mine is owned by Freeport McMoRan but encompasses a sizeable sharing affirmation with miner Rio Tinto. The location is located in the hills at an altitude of 4,300 meters or 14,000 feet. In truth, Grasberg produces far more copper, by value, than gold and therefore comprises one of the world’s largest copper and gold mines. The procedures comprise of both open pit and below ground mines, and have been in procedure since the 1980's and the pit types an enormous mile wide crater.

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