Australia close to top of gold pile

Posted Tue Aug 4, 2009 6:00pm AEST
Updated Tue Aug 4, 2009 6:29pm AEST

A delegate at the Diggers and Dealers conference in Kalgoorlie says Australia is heading towards the position of second largest gold producer in the world. (Perth Mint)

A mining analyst says Australia could become the world’s second largest gold producer within two years.

The managing director of Surbiton Associates, Sandra Close, says high gold prices and a continued production decline in South Africa could see Australia move into second spot behind China within two years.

“Australia and the U-S sit somewhere in the middle,” she said.

“We are a big player, we’ve been a big player now for a few decades and people don’t realise, I think, that we are so large on the world stage in that respect.”

“We’re sitting third or fourth in Australia at the moment.”

Here is a list of Australian companies producing more than 100,000 ozs of Gold per year..

Producing more than 10,000 ozs of Gold per year

Follow the links for detailed summary etc