Top 10 Largest Gold mine

Mining-mill.com have recently identified the top 10 largest gold mine in the world. Also include one honourable mention, which contain huge deposit but still not in operation until now.

1. Grasberg mine in Papua, Indonesia

Grasberg mine is the largest Gold mine in term of deposit. The first at our Top 10 largest gold mine. Owned by Freeport McMoRan with a large sharing arrangement with Rio Tinto. Operated by the subsidiary PT. Freeport Indonesia mining company, this gold mine contains a deposit of over 106.2mn ounces of gold.

The largest gold mine in the world
grasberg mine, largest gold mine

Grasberg is an open mine, rich with copper and gold. Combine with large underground mine in the complex area. The mine life of open pit mining is due to close in few next year. even though the Grasberg mine complex is still available to mining through underground mining. When they underground mine fully operated, it is expected to be the world largest underground mine.

In 2016, the mine produced more than one million ounces of gold, making it the fourth largest gold producer that year. The gold deposits on Mount Carstensz were first discovered by a Dutch geologist in 1936. After a new era in Indonesia, following the implementation of foreign investment laws in 1967, with the Grasberg mine opened officially in 1973.

In February 2017, however, Freeport McMoRan announced that it was temporarily halting mining operations at Grasberg – which is also the third largest copper mine in the world – following a failure to reach an agreement with the Indonesian government on long-term investment plans. Until now they are still negotiating with Indonesian government to take over 51% of share to Indonesian government.

2. South Deep mine near Johannesburg, South Africa

The second at Top 10 largest gold mine is South Deep mine. South Deep contains an estimated 81.4mn ounces of gold and mining began at South Deep in 1961; Gold Fields Limited acquired the mining operations in 2006.

The mining company Goldfields dividing the ore body into a series of mining blocks, to allow the operation to be suitably focused.

Produced 290,000 ounces of gold in 2016; a 47% increase in production over the previous year 2015. Gold Fields expects to increase gold production to 500,000 ounces per year by 2023.

3. Lihir mine on Niolam Island, Papua New Guinea

The third at Top 10 largest gold mine is Lihir mine. The Lihir operation on Aniolam Island in the New Ireland Province of Papua New Guinea (PNG), 900 kilometres north-east of Port Moresby, is 100 per cent owned and operated by Lihir Gold Limited (LGL) mining company. Located inside an extinct volcano crater, Lihir is projected to contain 64.1mn ounces of gold and gold production at this expansive open pit mine started in 1997. Newcrest mining company acquired the Lihir operation as a result of the merger with LGL by court-approved scheme of arrangement in August 2010. An Australian company that acquired it for US$22bn in 2010.

Lihir mine produced over 900,000 ounces of gold in fiscal year 2016, making it the sixth biggest gold producing mine in the world. The mine has had a total output of over 10mn ounces since production began 20 years ago.

4. Muruntau in Kyzyl Kum Desert, Uzbekistan

The fourth largest gold mine in the world by deposit size, with approximately 50mn ounces of gold, Muruntau is also the biggest open-pit gold mine in the world. This sizeable mine is owned by the government of Uzbekistan after they withdraw the Newmont mining company. After the giant gold deposit was found in 1958, the mining shortly began in 1967 and has been ongoing since. With approximately 2.2mn ounces of gold produced last year, Muruntau ranks as the world’s largest gold producing mine, although these figures are clouded slightly by the less transparent Uzbek government’s reluctance to share information.

5. Olimpiada in Centra Siberia, Russia

The fifth at Top 10 largest gold mine is Nestled in Russia‘s most productive gold mining region. Olimpiada mine is count to have 47.5mn ounces of gold. The gold deposits at Olimpiada were first discovered in 1970, with open-pit mining commencing 26 years later.

Olimpiada forms the largest operation of Polyus mining company, Russia’s largest gold producer. In 2016, it produced more than 943,000 ounces of gold, up almost 18% over the previous year

6. Oyu Tolgoi mine in the South Gobi Desert, Mongolia

The sixth at Top 10 largest gold mine is Oyu Tolgoi mine.The mine located approximately 550 kilometres south of the capital, Ulaanbaatar and 80 kilometres north of the Mongolia-China border The mine is jointly owned by Turquoise Hill (a Rio Tinto-owned subsidiary) and the Mongolian government. Oyu Tolgoi is projected to contain 46.3mn ounces of gold. Oyu Tolgoi is one of the most recently-developed gold mines on this list. The deposits were discovered in 2001, and construction on the mine began in 2010; the first shipment which start the commercial status came in 2013. Rio Tinto has also been the manager of the Oyu Tolgoi project.

While Oyu Tolgoi’s gold deposits are impressive, its copper deposits are significantly larger at 40bn pounds. Gold production reached 300,000 ounces in 2016, with Turquoise Hill projecting a smaller output of between 100,000 and 140,000 ounces in 2017.

While exploration continues, even with the reserves currently identified, Oyu Tolgoi is expectable to operate for over 50 years.

7. Pueblo Viejo in Sánchez Ramírez Province, the Dominican Republic

The seventh at Top 10 largest gold mine is Pueblo Viejo mine. Located 100km from the Dominican Republic’s capital of Santo Domingo, Pueblo Viejo contains approximately 40.1 million ounces of gold deposits. The mine is owned jointly by Barrick Gold Corporation mining company (60%) and Goldcorp Inc. mining company (40%). The mine achieved first gold production in 2012, and completed its ramp up in 2014.

In brief, Pueblo Viejo’s gold output is at 953,000 ounces of gold in 2016. It achieved the position of second largest gold producer in the world that year and has experienced almost 23% year-over-year growth.

8. Mponeng mine near Johannesburg, South Africa

The eighth at Top 10 largest gold mine is Mponeng mine. Located near Johannesburg, 65 km away from the city. Exactly located in the mining-heavy region of Witwatersrand, Mponeng is projected to contain gold deposits of 39.6mn ounces. This large mine is owned by major South African mining company AngloGold Ashanti and construction there began in 1981, with the main shaft reaching completion in 1986.

At 2.5 miles deep below the surface, Mponeng is also the world’s deepest mine. The mine set records with a 2016 output of 253,000 ounces of gold on summary.

9. Cadia East in New South Wales, Australia

The ninth at Top 10 largest gold mine is Cadia East mine. The mine located around 250km to the west of Sydney. Until now, Cadia East is the largest and newest in a complex of three gold mines owned by Australian mining company Newcrest, projected 37.6 million ounces of gold deposits. Even though the mine discovered in 1994, production did not actually begin until finally in January 2013.

Cadia Eastmine  also stands as Australia’s largest underground mine. Gold production reached almost 669,000 ounces in 2016.The mine projected for operation until at least 2043.

10. Obuasi in the Ashanti Region, Ghana

The last at Top 10 largest gold mine is Obuasi mine. The mine located in southwest Ghana’s prolific gold producing Ashanti region, Obuasi contains an estimated 29.8mn ounces in gold deposits. This unique mine combines primarily underground mining with some open-pit operations. Obuasi stands as the oldest working mine on this list, having opened in 1897 as the Ashanti Mine.

Despite its size, AngloGold Ashanti closed operations at the mine in 2014 based on profitability concerns with only a small security force remaining on site; the company is currently at work on a development plan for the future. The most recent available production figures date to 2009, when Obuasi produced approximately 381,000 ounces of gold.

Honourable mention for largest gold mine

We include one honourable mention for Donlin gold mine. The mine located in Western Alaska, in the Yukon Kuskokwim region. This is one of the largest known, undeveloped gold deposits in the world. One from Top 5 gold mine in Alaska region. The probable reserves estimated at 33.8 million ounces of gold on the whole. Donlin gold, the mining company, is 50/50 joint venture between Barrick and Novagold.

Based on exploration results, the Donlin Gold project will be an environmentally sound, open-pit gold mine. Located about 10 miles from Crooked Creek Village. In brief, the project would process approximately 59,000 short tons of ore per day.

The Donlin Gold project would provide thousands of jobs during construction. The construction phase is estimated to take three to four years on the whole. Throughout the estimated overall 27+ year operational phase. There will be a lot of variety of positions and shift work will be available correspondingly.

Infrastructure plans call for a power-generation plant, water-treatment plant, access roads, housing, two ports, a natural-gas pipeline and an airstrip.

In the final analysis, Donlin Gold estimates that the proposed mine could produce an average at least of 1.3 million ounces of gold annually during operation. This production level then would make Donlin Gold one of the largest gold mines not only in Alaska but also in the world.

 

 

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