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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (7655)9/5/1999 10:38:00 AM
From: goldsheet  Read Replies (2) of 82047
 
> Isn't that the case already? Anglogold, Barrick and GoldFields must
> surely control 75% of world output

Not true. The top 5 mining companies produce only 25% of the world's production, which I guess we said was about 82 million ounces.

AU (6.9) + NEM (4.0) + GOLD (4.0) + ABX (3.7) + PDG (3.2) = 21.8Moz

I added up the production of over 60 firms in my spreadsheet and only came up with 58 million ounces, only 70% There are just too many gold miners producing too much gold !
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