Most of the gold that is produced in China remains in the country. Prior to China grabbing the top spot, South Africa used to be the world's largest production of gold. However, increased complications and costs linked to gold mining in South Africa has caused gold production in the country to decrease.
Much of the wealth is distributed unevenly, however, and gold production varies widely among different nations. From relative unknowns like Uzbekistan to longtime champs South Africa, gold production of dozens of tons per year is not unheard of in the most goldrich nations.
Gold was an important staple in the transSaharan trade. The lure of gold spurred the Portuguese exploration down the African coast. But long before the Portuguese began exploring, gold from West Africa had reached Europe and the Middle East through the transSaharan trade.
Sixth, the gold production of Peru is close to that of South Africa with 165 tons of gold produced in 2012. Gold production in Canada was 102 tonnes, it is the seventh largest producer of gold. Despite a small increase this year, today's production rates are well below the 166 tonnes of gold produced in 1998.
Around 19% of production comes from Africa and 14% from the CIS region. See our interactive gold mining map for gold production per country in 2016. Overall levels of mine production have grown significantly over the last decade, although substantial new discoveries are increasingly rare and production levels are increasingly constrained.
The Export of Gold from Ghana Gold is a major export commodity for Ghana, with this precious metal bringing in nearly 48 percent of the countrys revenue. After South Africa, Ghana is the largest gold producer in Africa and in the first quarter of 2012, the country earned around $1.5 billion through export of gold.
At a country level, China was the largest producer in the world in 2017 and accounted for around 13 per cent of total global production. Our interactive gold mining map provides a breakdown of the top gold producing countries in the world, which demonstrates the geographical dispersion of gold mining operations and the gold supply.
Gold production in Tanzania stands at around 50t per year which makes it the 4th largest gold producer in Africa after South Africa, Ghana and Mali. While Tanzanias gold production increased by more than 700% over the past 25 years, from 5 to 4050t per year, South Africas production of gold decreased from over 500t in 1990 to 140t in 2015.
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