Some countries are richer and more developed than other, but who rules the podium when it comes to the mining industry? Most will mine using the most basic gold mining equipment available to rich Nations.
1. South Africa
The country has more than $2.5 trillion in mineral reserves, deserving the title of world’s richest nation by “commodity wealth”, according to a Citigroup report.
2. Russia
The nation’s iron ore reserves are worth $794 billion.
3. Australia
The country is the world’s second-largest supplier of seaborne ore, with reserves valued at $737 billion.
4. Ukraine
The iron ore deposits belonging to Ukraine are worth $510 billion.
5. Guinea
The country’s bauxite (aluminium ore) reserves are worth $222 billion.