It is observed that the gold production of the world declined by 50 tons in 2008. Canadian companies dominate the gold industry though they are far behind in its production of reserves. These companies are the leaders in the Canadian industry. They rank in the 7th position globally, but mostly rely on the assets in the foreign countries. There are 20 companies in the country with a market place of 1 billion or even more. The ten largest companies are barrack 37.1 billion, Goldcorp 32.4 billion, Kinross 16.4 billion, Agnico mines limited 11.1 billion, Yamana gold 8.3 billion, Lihir gold 6.6 billion, IAMGOLD corporation 5.3 billion, Eldorado gold corporation 4.5 billion, Franco Nevada corporation 3.4 billion and red back mining Inc 3 billion.
South Africa is the 2nd largest gold producer of the world that is the home to 7 of the 13 leading producing mines. The Witwatersrand has the largest gold mine of the world. The popular gold companies in South Africa are AngloGold Ashanti 11.61 billion, Gold Fields 7.51 billion and Harmony Gold (mining) 4.8 billion; it is the 5th largest producer of gold. South African was the largest gold producer until 2007, producing gold 7 tons less than China.
The US gold industry is growing day by day and has changed over the past 16 years. Gold was produced from just five major mines in 1980, out of which two of them were copper mines, which was less than 1 million ounce a year. Now, it has risen to 11 million ounces, operating in 13 states.
75 percent of bullion needed by US manufacturers was imported from other countries. During the same year, United States produced less than 3% of the annual bulion productivity of the world.
Today, the percentage has risen to 15 percent. The bullion production exceeded the demand, now 36 percent of the production is available for exports.
The Italian gold industry is considered to be the largest gold manufacturing industry of the world. In one year, the Italian gold industry produces 500 tons of fine gold. In Italy, 10,000 companies are involved in gold manufacturing business. More than 40,000 employees are employed in this industry. The five region of Italy are well known places of manufacturing gold, namely, Veneto, Tuscany, piedmont, Lombardy and Campania.
In China, there are more than 39 major ignot jewellery manufacturers. The top manufacturers, producing around 70 percent of the bullion jewellery in China, are Bai tai, yuehao, Jinye, Ignot dragon, Cui Liu, Anshenghua.
Gold smiths are the designers and the manufacturers of fine bullion and platinum jewellery. They specialize in creating unique designs for wedding and other special jewellery for specific occasions. Since 1300, gold smith company is known for its exceptional quality of ignot and silver, and from 1975, platinum. It is one of the twelve great companies of the city of London. There are more than 200 of the UK leading designer craftsmen working in the company.
Gold has always been a powerful instrument. Its unique qualities make it even a more precious metal. Different countries are manufacturing this precious metal because of its undeniable worth and benefits associated with it.
Source by Jack Wogan
Famous Gold Manufacturing Companies
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