Australia still No. 2 gold producer Barry FitzGerald
February 28, 2011
"AUSTRALIA has cemented its position as the world's second-biggest gold producer behind China in 2010, confirming there is also a golden tinge to the iron ore and coal-led resources boom.
A survey by Melbourne-based consultancy Surbiton Associates found output by the local industry climbed 17 per cent or 38 tonnes to 266 tonnes (8.5 million ounces) in 2010, worth $11.76 billion at the current spot price for the yellow metal.
Surbiton said the production effort was the highest annual output since 2003 and placed Australia second to the top producer China (341 tonnes) and ahead of the United States (240 tonnes)."
"Newmont Mining's redeveloped Boddington mine, south-east of Perth, became the country's biggest goldmine in the December quarter."
Australia once produced gold at an annual rate of more than 320 tonnes), there was no room for complacency. "Continued exploration is essential to ensure the long-term viability of the industry," Dr Close said.
source:
http://www.smh.com.au/business/australia-still-no-2-gold-producer-20110227-1b9xo.html
on front page of business section. 6th article down as of mon 8:40am
(oops please move to gold if needed)
February 28, 2011
"AUSTRALIA has cemented its position as the world's second-biggest gold producer behind China in 2010, confirming there is also a golden tinge to the iron ore and coal-led resources boom.
A survey by Melbourne-based consultancy Surbiton Associates found output by the local industry climbed 17 per cent or 38 tonnes to 266 tonnes (8.5 million ounces) in 2010, worth $11.76 billion at the current spot price for the yellow metal.
Surbiton said the production effort was the highest annual output since 2003 and placed Australia second to the top producer China (341 tonnes) and ahead of the United States (240 tonnes)."
"Newmont Mining's redeveloped Boddington mine, south-east of Perth, became the country's biggest goldmine in the December quarter."
Australia once produced gold at an annual rate of more than 320 tonnes), there was no room for complacency. "Continued exploration is essential to ensure the long-term viability of the industry," Dr Close said.
source:
http://www.smh.com.au/business/australia-still-no-2-gold-producer-20110227-1b9xo.html
on front page of business section. 6th article down as of mon 8:40am
(oops please move to gold if needed)
