> How about Asia, mostly Russia?
Russia and China continue to produce very respectable amounts (about 150mt and 180mt), but they are not growing very rapidly.
This is why I mentioned the former Soviet (CIS) states such as Kazakhstan, Kyrgyzstan, and Uzbekistan. Newmont and Cameco have operations and there are tons of gold reserves and resources available. Problems are often political in this region, but will get resolved in time, especially if gold continues to rise.
"Investor confidence in the CIS has not been very favourable over the past few years, although some countries have shown encouraging economic growth, particularly Kazaksthan, Tajikistan, Kyrgyzstan and Uzbekistan. However, the mining sector has remained relatively dormant, compared to other countries globally" |
