Business Chief APAC+ANZ Magazine October 2018 | Page 74

TOP 10
74 OCTOBER 2018

06

Gold

A $ 17.63bn

Though down by 6.5 % from 2016 , gold still has a place on Australia ’ s list of top exports , and contributed a total of $ 12.58bn ( A $ 17.63bn ) in exports . While this dipped from 2016 ’ s figure of $ 13.46bn ( A $ 18.86bn ) but in 2017 , the precious metal still takes up 4.6 % of total exports . The largest gold mine in Australia is Boddington Gold Mine , located around 100km from Perth in western Australia . Upon the mine ’ s reopening in 2010 , it was predicted to have a production capacity of 1mn ounces over five years . Proven ore reserves at the end of 2011 amounted to 20.3mn ounces of gold , as well as 2.26bn ounces of copper .