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Top 10 Gold Producing Nations
By siliconindia
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Friday, 28 October 2011, 23:15 IST |
1 Comments
3. Australia
Australia is the world's thirteenth largest economy and has the world's seventh-highest per capita income. Gold mining in Australia is the fourth largest commodity sector, behind iron ore, crude oil and liquefied natural gas (LNG) and produces 222,000 kg of gold per year.
The history of gold mining in Western Australia dates back to the 1880s but took on some larger dimensions in the 1890s, after gold discoveries at Coolgardie and Kalgoorlie and reached an early peak in 1903. In between, the industry declined a number of times, like during the two world wars, experiencing an absolute low point in 1976.
