A lucrative business
Boddington is located in western Australia, 76 miles from Perth. Boddington, an open-pit mining operation, surpassed the superpit when it reopened in 2010. In 2014, Boddington produced 700,000 ounces of gold, while Super Pit produces 650,000 to 6.9 million ounces a year. Mr Boddington is thought to have 20m ounces of gold in reserve. Boddington began operations in 1987 as a joint venture between Normandy Mines (44.44%), Acacia (33.33%) and Newcrest Mines (22.23%). Production ended in 2001, when the known resource of oxidized ore had been processed. In 2005, Newmont bought 22% of Newcrest. Newmont acquired a 33 per cent stake in Acacia in 2009, leading to a strong interest in controlling boddington. Production began the following year, and boddington was soon included in the top 10 gold mining projects. This completes a list of the top 10 gold mines in the world. As you can see, this list provides a glimpse into the ever-changing gold extraction industry.