Indonesia
Indonesia currently produces around four percent of the world’s gold production due in large part to the Grasberg mine. It is estimated the mine contains the world’s largest gold reserves (67.4 million ounces). Large scale mining companies operating in Indonesia include: Freeport McMoran (the majority owner of Grasberg), Newcrest Mining, and Newmont Mining Corp. (partial owner of the Batu Hijau mine). There are a total of seven mines currently in operation in Indonesia.
Gold production: 89.0 tonnes annually Population – 246.9 million
Gold consumption: 52.9 tonnes annually Gross National Income – $1,188.0 billion
Unmined gold: 3,000.0 tonnes annually Serious conflicts reports – No serious conflicts reported
Gold production as percentage of GNI: 0.43 percent
- Peter Mah named President and CEO of Spanish Mountain GoldSupply Chain & Operations
- SSR Mining acquires 40% stake in Hod Maden from Lidya MinesSupply Chain & Operations
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- K92 Mining granted 10-year extension for PNG gold mineSupply Chain & Operations
