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Indonesia holds the world's second-largest gold mine. The Grasberg gold mine, located in Papua, is operated by the American company PT. Freeport. As reported by Mineweb, an international website publishing information on mining and financial investment, Grasberg's gold production reached 38.8 tons in 2014 and increased to 42.3 tons the following year.
The world's largest gold mine is located in Uzbekistan. The Muruntau mine, operated by the government of the Republic of Uzbekistan, produced 61 tons of gold in 2015. Another major gold mine is located in the United States, the Goldstrike Mine. This third-largest gold mine in the world produced 28.1 tons of gold in 2014 and increased to 32.8 tons in 2015.
Gold is a precious metal widely used in jewelry and as a long-term investment commodity. The ever-increasing annual demand for gold, not matched by an increase in mined supply, results in gold's value steadily rising year after year.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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