The World's ten largest gold mines-2

6. Vaal River (South Africa) Another underground gold operation run by Anglogold Ashanti. The operation consists of the Great Noligwa, Kopanang, Moab Khotsong, and various surface operations. It produced 831 000 in 2011. aggregate equipment for sale 


7. West Wits (South Africa) Operated by Anglogold Ashanti, this is the first underground operation to make the list. Located in the West Wits goldfields west of Johannesburg, it consists of the TauTona mine (or Western Deep No.3 Shaft, which is currently the world's deepest mine), the Mponeng, and Savuka operations. As of 2011 it produced 792 000 ounces.

 8. Lagunas Norte (Peru) Another mine owned by Barrick. Located in the north of the country, it lies just over four kilometres above sea leve. In 2011 it produced 763 000 ounces of gold, and is undergoing an expansion project which will increase production as early as 2016.

 9. The Super Pit ( Kalgoorlie-Boulder, WA, Australia) to buy high efficiency three-cylinder rotary dryer machine This massive open cut is one of the main attractions in Kalgoorlie. Run by Kalgoorlie Consolidated Gold Mines ( a joint venture owned by Newmont and Barrick) the operation produces around 850 000 ounces of gold annually and is the largest open pit mine in Australia.


 10. Boddington mine (Boddington, WA, Australia) Run by Newmont, the Boddington gold mine is actually one of Australia's newest gold mines, beginning production in 2009. At the end of 2010 it had reserves of 20 million ounces of gold and 2.4 billion pounds of copper.

The World's ten largest gold mines-1

1. Grasberg Mine (Indonesia) gold panning equipment The world's largest gold mine by size and output, the Grasberg gold mine in Indonesia had an output 1 444 000 last year. It is also the world's third largest copper mine, and has close to 20 000 employees.

 2. Cortez (U.S.A.) Yet another Barrick gold mine in Nevada. As of 2011 it had gold production of 1 421 000. It is made up of the Pipeline and South Pipeline deposits and the Cortez Hills deposit. The Pipeline and South Pipeline are open pit mines, and the Cortez Hills deposit, currently under construction will utilise both underground and open pit mining. Cortez has been open longer than any other gold mine in Nevada, having been in operation since 1862.

 3. Yanacocha (Peru) Peru again makes the list with Newmont's Yanacocha gold mine, located in Cajamarca. It has produced more than US$7 billion worth of gold to date. In 2011 it had an output of 1 293 000 ounces of gold.

 4. Goldstrike (U.S.A.) Sale Stone Breaking Equipment The first American mine to make it into the list. Run by Barrick in Nevada, the mine had an output of 1 088 000 ounces in 2011. According to Barrick it is located on the Carlin Trend, which is the most prolific gold mining district in the Western Hemisphere. The Goldstrike operation includes the Betze-Post open pit mine and the Meikle and Rodeo underground mines which are located just north of the Betze-Post pit, along the same mineralized trend.

 5. Veladero (Argentina) Barrick has again made it into the list with the Veladero gold mine in San Juan, Argentina. It is immediately to the south of Barrick's Pascua-Lama property. It is a conventional open cut operation. It had an output of 957 000 ounces last year, and as of December 31 had reserves of 10.6 million ounces.

Mining megadeals are falling-2

dry washer On a regional basis, Asia and Oceania continued to drive local deal value and volume in the first half of the year with 35 deals of $50 million or more for a total value of $18.55 billion. Seventeen of those deals were based in China. India has also seen four local deals and one cross border deal in the first half of this year. The nation is becoming a major contributor to the local steel industry. It was announced in February that India's Sesa Goa, a 55.1% owned unit of Vedanta Resources, would be acquiring India's Sterlite Industries, a manufacturer of nonferrous metals products in an all-stock $3.91 billion transaction. Meanwhile, also made public in February was the announcement of China's Baoshan Iron and Steel Company that it would sell its unprofitable stainless steel and specialty steel assets to its parent Baosteel Group for $1.02 billion. In January it was announced that a consortium including South Korean steel manufacturer POSCO will buy 30% of the Roy Hill iron ore project in Australia from Hancock Prospecting for $1.5 billion. The investment will give the consortium 16.5 million tons of iron ore per year from the mine. In North America there were six local deals in the first half of the year, three of which, valued at $1 billion, took place in the second quarter. Noting that the dollar has been rising in value recently, particularly against the euro, PwC suggested U.S. acquirers "may be able to pursue relatively cheap acquisitions in the near future." mining equipment component parts Meanwhile, financial investments continued to decline as a percentage of all deals during the second quarter. During the second quarter approximately 93% of transactions worth $50 million or more involved strategic investors, according to PwC. "As noted in the last quarter, strategic investments remain strong, and we are seeing an increase in the volumes of these deals as metals companies (and other strategic investors) seek additional synergies and cost savings opportunities," said the PwC analysis. "For example, strategic investors generally have longer investment horizons, which support their high involvement compared with financial investors," PwC noted. "Also, upstream assets continue to appeal to strategic acquirers." "Strategic acquirers may see upstream acquisitions as a way to gain control over input costs and to ensure a stable, adequate supply of raw materials." gyratory crusher application

Mining megadeals are falling-1

While the second quarter saw declines in both deal volume and value in mergers and acquisitions in the global metals sector, a PwC report made public Thursday revealed that acquirers from emerging and developing economies accounted for 65% of all deal making valued at $50 million or more. The number of deals worth $50 million or more in the global metals sector fell during the second quarter of the year from 41 deals during the second-quarter 2011 to 20 deals with a total deal value of $8.9 billion reported during each quarter. select grind mill Although six mega-deals each valued at $1 billion or more were announced in the first quarter of the year, only one mega-deal was announced during the second quarter. Chongqing Iron & Steel agreed to acquire a new iron and steel production base in the Changshou from corporate parent Chongquin Iron & Steel (Group) Company Limited for $2.8 billion in shares and cash. If the current low levels of M&A activity continue through year-end, PwC warned the global metals sector could experience a year-over-year decline of nearly 20% in deal value. "Unless and until prices and demand improve, the deal environment is likely to remain constrained," cautioned PwC Global Metals Leader Jim Forbes and U.S. Metals Leader Sean Hoover in the publication, "Forging ahead." plaster processing equipment The double-dip recession in the UK and parts of the Eurozone, as well as softness in key end-markets, such as construction contributed to the decline in deal-making in the second quarter, said PwC U.S. Industrial Products Leader, Robert McCutcheon. "Commodities pricing is a potential concern," said PwC. "Prices for base metals are generally expected to continue to decline through the end of 2012." "Overcapacity also remains a problem, as new capacity continues to come online from developing and emerging economies," the report noted.

PNG approves world's first deep sea mining project

construction waste grinding plant The Papua New Guinea Government has given the go-ahead for Nautilus Minerals to start the world's first deep sea mining project. While still facing opposition from local conservationists and fisherman, the Canada-based company will mine gold and copper from hydrothermal vents on the ocean floor. Located off the coast of New Britain, Nautilus says its Solwara 1 project is not in a fishing area and has a much smaller environmental impact compared to mines on the surface. While the Nautilus project is the first of its kind Japan and China have previously expressed interest in making similar developments. There has also been a spike in seabed mining and exploration applications in Australia. construction waste crushing plant The Australian projects focus on waters off the Northern Territory coast, and have faced challenges from local environmentalists and traditional land owners.