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10 hours ago · Original logo (used until 1993, but carried by stores until 1997) Costco Wholesale Corporation (commonly shortened to Costco) is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores. [4] As of 2021, Costco is the third-largest retailer in the world [5] and is the world's largest ...
10 hours ago · Carbon capture and storage ( CCS) is a process in which a relatively pure stream of carbon dioxide (CO 2) from industrial sources is separated, treated and transported to a long-term storage location. [2] : 2221 For example, the burning of fossil fuels or biomass results in a stream of CO 2 that could be captured and stored by CCS.
10 hours ago · In March 2015, Navistar reported a first-quarter 2015 net loss of $42 million, or $0.52 per diluted share, compared to a first-quarter 2014 net loss of $248 million, or $3.05 per diluted share. Revenues in the quarter were $2.4 billion, up to $213 million or 10 percent, versus the first quarter of 2014.
10 hours ago · Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
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The exact date that humans first began to mine gold is unknown, but some of the oldest known gold artifacts were found in the Varna Necropolis in Bulgaria. The graves of the necropolis were built between 4700 and 4200 BC, indicating that gold mining could be at least 6,724 years old. During a series of excavations carried out between 1878 and 1992,...
World gold production was 3,612 tonnes in 2022. As of 2020[update], the world's largest gold producer was China with 368.3 tonnes of gold mined in that year. The second-largest producer of gold was Russia where 331.1 tonnes was mined in the same year, followed by Australia with 327.8 tonnes.In 2023, the annual gold demand of 4,448 tonnes was 5% bel...
Hard rock mining
Hard rock mining extracts gold encased in rock, rather than fragments in loose sediment, and produces most of the world's gold. Sometimes open-pit mining is used, such as at the Fort Knox Mine in central Alaska. Barrick Gold Corporation has one of the largest open-pit gold mines in North America located on its Goldstrike mine property in north eastern Nevada. Other gold mines use underground mining, where the ore is extracted through tunnels or shafts. South Africa has the world's deepest har...
By-product gold mining
Gold is also produced by mining in which it is not the principal product. Large copper mines, such as the Bingham Canyon mine in Utah, often recover considerable amounts of gold and other metals along with copper. Sand and gravel pits, like those in Denver (Colorado), may recover small amounts of gold in their wash operations. The largest producing gold mine in the world, the Grasberg minein Papua, Indonesia, is primarily a copper mine.
Cyanide process
The dominant method for refining gold is a cyanide extraction method, or gold cyanidation, introduced in the late 1800s. This a metallurgical technique used to extract gold from lower grade ores by converting gold into a water-soluble coordination complex. Finely ground rock is treated with a solution of sodium cyanide. The extract is absorbed onto carbon and then removed from the carbon with a solution of caustic soda and cyanide. Gold cyanide is then converted to relatively pure gold throug...
Mercury process
Historically, mercury was used extensively in placer gold mining in order to form mercury-gold amalgam with smaller gold particles, and thereby increase the gold recovery rates. First, the gold ore is crushed and ground to a fine powder to expose the gold particles for amalgamation. Then, this finely ground ore is mixed with liquid mercury to amalgamate it. Mercury forms an amalgam, an alloy, with gold particles to allow for the efficient capture of gold from the ore. The gold is concentrated...
Small operations
While most gold is produced by major corporations, there are an estimated 10 to 15 million small-scale artisanal gold miners worldwide. Around 4.5 million of them are women, and an estimated 600,000 children work in illegal artisanal gold mines. Artisanal miners use rudimentary methods to extract and process gold. Many of these people are mining to escape extreme poverty, unemployment and landlessness. In Ghana, galamsey miners are estimated to number 20,000 to 50,000. In neighboring francoph...
Large companies
Gold mining by large multi-national corporations produces about 80% of the gold supply. Most gold is mined in developing nations. Large mining companies play a key role in globalisation of the economy by linking rich and poor companies. Newmont and Barrick Goldare the largest gold mining companies in the world, but there are many smaller corporations in the industry. Local communities are frequently vulnerable to environmental degradation caused by large mining companies and may lack governme...
Responses
Human Rights Watchproduced a report in 2015 that outlined some of challenges faced globally. The report notes that Fairtrade and Fairmined dual certification for gold was launched across the United Kingdom on 14 February 2011, a joint scheme between The Fairtrade Foundation and The Association for Responsible Mining. The Fairminedmark ensures that the gold has been extracted in a fair and responsible manner. A UN investigation reported human rights abuses such as sexual exploitation of women...
Peak gold is the date at which the maximum rate of global gold extraction is reached. According to Hubbert peak theory, after the peak, the rate of production declines until it approaches zero. Unlike petroleum, which is destroyed in use, gold can be reused and recycled.
The gold price compared to other valuable metals consistently holds its value and is less prone to price changes as other metals. Gold production tends to excel when there are turbulent market conditions with investors seeking a different investment opportunity outside the stock, bond or real estate markets.Some of the factors affecting gold prices...
Gold mining by country: 1. Grasberg Mine in Papua, Indonesia 2. Brookmount Gold's Talawaan Mine in Manado,Indonesia Gold rushes:
Ali, Saleem H. (2006), "Gold Mining and the Golden Rule: A Challenge for Developed and Developing Countries", Journal of Cleaner Production, 14 (3–4): 455–462, doi:10.1016/j.jclepro.2004.05.009Gudde, Erwin G. California Gold Camps: A Geographical and Historical Dictionary of Camps, Towns, and Localities Where Gold Was Found and Mined; Wayside Stations and Trading Centers(Univ of Californ...Hess, Frank L., C. W. Hayes, and W. Lindgren. "Gold mining in the Randsburg quadrangle, California." Contributions to Economic Geology: US Geological Survey Bulletin (1910): 23–47. OnlineKelley, Robert L. "Forgotten Giant: The Hydraulic Gold Mining Industry In California." Pacific Historical Review 23.4 (1954): 343–356. OnlinePeople also ask
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