YOGYAKARTA Gold is one of the popular investment instruments. This noble metal is sought after a lot because its price tends to increase from year to year. Therefore, it is not surprising that many mining companies continue to explore these commodities. At the global level, China is the largest gold-producing country in the world.
The Bamboo Curtain Country contributed about 11 percent of the total global gold supply by 2020.
Just so you know, gold mining activities are included in the global business run in a number of countries, including Indonesia. At the Southeast Asian level, Indonesia is the largest gold-producing country, as compiled by VOI from various sources.
Based on data from the World Gold Council (WGC) 2021, the following is a list of the world's largest gold-producing countries:
As mentioned above, China accounts for about 11 percent of the total global production. China's position as the world's largest gold-producing country has not been shifted for four consecutive years, although its gold production fell from 383 tons to 368.3 tons from last year.
Russia is ranked second largest gold-producing country in the world. Russia is recorded to be able to produce 331.1 tons of gold.
Australia is actually the second largest gold-producing country. However, in 2019, its position was shifted by Russia.
Even so, gold production in Australia continued to increase for eight consecutive years. Last year, Australia's gold production reached 327.8 tons.
The amount of gold produced by the United States is 190.2 tons in 2021. This period is the first time the United States has produced gold under 200 tons.
The positions of the five largest gold-producing countries are inhabited by Canada. The country produced 170.6 tons of gold in 2021.
Under Canada, there is Ghana which is capable of producing 138.7 tons of gold. Ghana is Africa's largest gold-producing country.
Not only that, Ghana is also known as an area that has various minerals reserves for industrial purposes.
Brazil managed to increase the number of gold production in three consecutive years. In 2019, Brazil was in the position of 10 of the world's largest gold-producing countries.
In 2021, Brazil managed to improve its position and is now ranked seventh with 107 tons of gold production.
In addition to Brazil, Uzbekistan was also able to increase its gold production, from 94.6 tons to 101, 6 tons in 2019. Thanks to this positive performance, Uzbekistan is included in the top 10 largest gold-producing countries by ranking eighth.
You could say, Mexico is an interesting place for gold exploration, as mining regulatory costs in the country are relatively low.
Mexico is ranked as the ninth largest gold-producing country with a gold production of 101.6 tons.
Despite being the largest gold-producing country in Southeast Asia, Indonesia is ranked 10th at the global level in terms of gold production.
It is noted that Indonesia was able to produce 100.9 tons of gold. Indonesia is known as the home for the second largest gold mine in the world, namely Gasberg, which is operated by PT Freeport Indonesia.
Indonesia is responsible for contributing about 3 percent of global gold supply. That's the information for the 10 largest gold-producing countries in the world.
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