There is a long history of gold mining activity in the south eastern corner of Asia. There is abundant archaeological evidence that gold mining was being carried out in the ancient days. Many of the countries in the region including Vietnam and Cambodia have newly discovered deep shafts with mineral deposits in various locations. There is a multitude of ancient temples that are covered in gold such as the Shwedagon Paya in Myanmar. There are literally hundreds of others adorned in gold leaf that are to be found in Thailand. In fact there is so much gold on display that the area has long been known by the nickname of the Golden East. Over the centuries gold has inevitably been sourced from local gold mines in the region.
The Largest Gold Mine in the World
Gold mining is currently a prolific and profitable industry in the south eastern area of Asia. China is currently the largest producer of mined gold with an estimated annual output of almost five hundred tons but it is Indonesia that has the distinction of being the home of the world’s largest gold mine. It is to be found in the Sudiman Mountains in the Papua district of the country and is at an altitude of fourteen thousand feet. Gold mining has only been in operation in the mine for the last three decades but there are rich seams of this lustrous, precious metal that promise to produce substantial amounts of gold for many more years to come.
Gold Mining Output
Although China has the privilege of being the region’s largest producer, there are other countries in South East Asia that are also making significant contributions. Countries such as Uzbekistan has the Muruntau gold mine with reserves of deeply situated gold of up to an estimated 170 million ounces which will last for years. The Philippines is currently forging ahead with lucrative gold mining activities. Investors are eager to continue seeking the vast reserves which are thought to be potentially huge. The Philippines currently produces around forty-six tons.
Buying Gold
India is one of world’s most prolific purchasers of gold particularly in the twenty-four carat pure form but mining activities in the country are limited and produce only a small amount of below one per cent of the global output. When you want to invest in gold or gold mines in south east Asia contact Indigo Precious Metals.
