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Second largest gold deposit in the world





The production from Pascua-Lama is expected to start only after 2014.
Goldstrike United States Barrick.1., Barrick has operated the Goldstrike mine, also located in north-central Nevada.
With.7 million ounces of gold produced in 2014, Newmonts Boddington mine (Australia) closes the top ten gold operations worldwide.
The expected mine life of Pascua-Lama is 25 years.The Newmont-operated Boddington gold mine located near Boddington, Western Australia, ranks as the worlds sixth largest gold mine.The first gold was poured in 2009, and in 2011 Newmont produced its first one million ounces from the site.Many of these people work at the companys Cortez operation, located in central Nevada.The extracted ore is processed at two nearby plants with a combined annual islamorada poker run capacity of eight million tonnes.The gold deposits on Mount Carstensz were first discovered by a Dutch geologist in 1936 following the implementation of foreign investment laws in 1967, with the Grasberg mine opened officially in 1973.Global Investors as of 3/31/2016: Newcrest Mining Ltd., Goldcorp Inc., Franco-Nevada Corp., Silver Wheaton Corp., Barrick Gold Corp., Royal Gold Inc.The mine employs a conventional open-pit method with the use of shovel and truck.The project was temporarily suspended in April 2013 due to an objection from a Chilean court on environmental grounds.Rio Tinto has also a sharing agreement with FCX in the Grasberg mining operation.Barricks Veladero mine is located in the San Juan Province of Argentina, immediately to the south of the Pascua-Lama project.The open-pit gold mine first commenced operations in 1987 by extracting the shallow oxide ores up to 70m deep below surface.Muruntau Uzbekistan Government of the Republic of Uzbekistan.0.0 Discovered in Uzbekistans arid Kyzyl Kum Desert in 1958, the Muruntau gold deposit began operations in 1967.Jointly owned by Barrick (60) and Goldcorp (40 this gold open-pit mine sits third in our ranking, slightly behind Grasberg, and located in the Dominican Republic.The mine is undergoing a major development project to increase its annual production to about 700,000oz by 2016.With.1 mln ounces of gold produced in 2014, this Freeport-McMoRan Indonesian mine complex lags well behind Muruntau.Cortez gold mine is owned and operated by Barrick Gold.The mining company has identified gold reserves.5 million ounces at Boddington and plans to spend half a billion dollars to expand production.
The company recently announced that expansion will cost a lot less expensive than initially thought, owing to new processing equipment that can more easily handle sulfur.


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