How is there so much
gold in Africa alone?
We are one of the leading countries in
gold consumption internationally. But
gold production in our country is nominal. Meanwhile, West Africa, which is considered an economically backward region, is rich in
gold deposits. West Africa has been a famous
gold mining center for centuries. It has been there since the time of the ancient
ghana Empire. Due to its abundant
gold deposits and thriving trade networks, the West African region is known as the land of gold. West Africa is a
leader in
gold production internationally. As of 2024, West Africa contributes approximately 10.8 percent of the world's total
gold production. During a major tectonic
event called the Ebernian Orogeny between 2.02 and 2.08 billion years ago,
gold deposits were formed within the craton rocks of West Africa. Most of the
gold production and deposits are found in the West African Craton.
A large part of West Africa is covered by a craton that covers parts of
mali,
ghana, Burkina Faso, Côte d'Ivoire, Guinea, Senegal, and Mauritania. The
gold deposits in
ghana and
mali are the richest compared to other countries in West Africa.
ghana and
mali currently account for more than 57 percent of the combined past production and resources of the West African sub-region.
ghana is believed to have 1,000 tonnes of
gold reserves.
ghana produces 90 tonnes of
gold every year. This is 7 percent of the world's production. In
mali,
gold production reached 67.7 tonnes in 2023. The country is estimated to have 800 tonnes of
gold deposits.
china and
australia are the two largest
gold producers in the world. In 2023,
china mined 370 tonnes of gold.
australia produced 310 tonnes of
gold that year. It is noteworthy that
gold deposits worth Rs. 80 thousand crores were discovered in the
indus river region of Pakistan.