Gold Investing News identifies the top-ranked countries and their gold reserves for 2011.
Articles Tagged "indonesia"
The world's top ten gold producers span the globe, much like the metal's admirers.
Mineweb reported that Sumatra Copper and Gold (ASX:SUM) sees strong potential in its Indonesia-based Tembang gold project.
Mining Weekly reported that Newcrest Mining (TSX:NM) expects to produce at least 400,000 oz of gold a year at its Indonesia-based Gosowong mine.
Southern Arc Minerals (TSXV:SA,OTCQX:SOACF) announced modifications to its exploration plans at the West Lombok project.
Berkwood Resources Ltd. (CVE:BKR) announced the deployment of a field team to its Cimandiri project in Indonesia to commence exploration.
Forbes reported that a landslide in Indonesia has blocked a tunnel linking the Freeport copper-gold mine to a nearby village.
Indonesia’s total estimated gold reserves are approximately equivalent with those of the United States; however, last year Indonesia produced less than half the total of gold compared with the United States. For investors with a more risk tolerant profile, this divergence might suggest a potential for undervalued regional gold opportunities.
Indonesian police officers have searched a car at a security check point one day after an Australian employee of U.S. mining giant Freeport was shot to death by unknown assailants in Timika, Papua province, Indonesia. For full story, click here
Indonesian state-owned miner PT Aneka Tambang Tbk declared that it plans to spend $40 million to develop the newly-acquired Cibaliung gold project in West Java. For full story, click here