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March 30, 2017

Australian goldmine prospectors

by gold-nugget

Australian goldmine prospectors

Australian goldmine prospectors dug with bulldozers and excavators to large gold nuggets. In the detection area the nuggets are picked up with the metaldetector.

Excellent video. Really beats watching the staged drama we have here in the US. Todd, Tony & Parker struck a deal in 2016 to up their salaries from Discovery to $1M each per season, plus $100K per episode. Naturally, they have to keep it dramatic. Yea, this was refreshing.

California gold nugget

California gold nugget

From Wikipedia, the free encyclopedia:

Gold mining in Western Australia is the fourth largest commodity sector in Western Australia, behind iron ore, crude oil and LNG, with a value of A$10 billion.

Gold mining in Western Australia dates back to the 1880s but became a significant industry in the 1890s, following gold discoveries at Coolgardie in 1892 and Kalgoorlie in 1893. It reached an early peak in 1903, experienced a revival in the 1930s and a further revival in the 1980s. Between, the industry declined a number of times, such as during the two world wars, experiencing an absolute low point in 1976.

Western Australia produced over 50% ($69.5 billion) of all Australian mineral and petroleum sales, which made up 88% of the state’s merchandise exports in 2015-16. In 2015-16, gold was ranked third in the list of resources exported by Western Australia with regard to value, behind iron ore and petroleum, with a value of A$10 billion. The state produced 6.27 million troy ounces of gold, or 195 tonnes, 6% of world production. During 2014-15 the Western Australian gold mining industry directly employed 19,175 people.

By 2008-09, gold had jumped into fourth spot in regards to export value with a value of A$5.2 billion, overtaking alumina. The average gold price was US$874 per ounce in 2008–09, or A$1,171 per ounce, which was 28 per cent higher than the previous year. While the value of sales increased by 25%, the gold output of the state decreased by 4%, to 4.4 million ounces. Western Australia accounted for 62% of Australia’s gold production in 2008-09.

In 2008-09, 41% of Western Australia’s gold exports went to the United Kingdom, followed by India with 34%. Thailand and the United Arab Emirates hold third spot jointly, with an 8% share.

The Golden Mile, producing 20 tonnes of gold, was Western Australia’s top-producing mine in 2008-09, followed by the Telfer with 18.1 tonnes and St Ives with 13.4 tonnes. With a project cost of US$2.9 billion, the Boddington Gold Mine is by far the biggest gold project to commence production in the state in 2009, being capable to produce 900,000 ounces of gold per annum.

The number of people employed in the Western Australian gold mining industry rose to 15,572 in 2008-09.


Australian goldmine prospectors

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