Indonesia

By Admin
Indonesia currently produces around four percent of the world&rs...

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

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