A global business is gold mining, with the exception of Antarctica, it has its operations on all continents and from gold of different types and sizes is extracted from mines. Gold mining and mining operations have become on the rise around the world, far from the concentrated supply about four decades ago when the majority of the world's population came from South Africa. In the world, the largest gold producer in 2016 was China, accounting for 14% of total annual production. But there is no other dominant region. 23% of all newly mined gold comes from Asia. 17% of the total is produced by Central and South America. Approximately 19% of production comes from Africa, 14% from the CIS region. Mineral production levels have grown significantly over the last decade, even as substantial new discoveries are increasingly rare and production levels are increasingly limited. Gold mining and mineral production do not respond quickly to prices. A source of global demand for gold for decades is India which imports nearly 1000 tonnes in good years. The World Gold Council is optimistic that Indian gold production will increase its base which is low. In fact, gold production is expected to double this year. According to the report, Deccan Gold Mines is the only listed gold explorer in Mumbai and plans to bring its Ganajur project in Karnataka into production in 2017. Annual production is expected at just over 50,000 ounces. In the year 2017 Deccan Gold Mines shows a loss of 96250000 in the profit and loss statement. Cash flow from operating activities, investing activities and financing activities is 1449000 and 8798000. Cash and cash equivalents as of March 31, 2017 are 77749000. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Impact of the Mining Industry on the Environment Local communities can be affected by the mining industry both positively and negatively. Impacts considered positive such as employment and community development projects, which are considered important but the potential negatives cannot be offset by them. The negative effects of the mining industry on the environment are water pollution, loss of biodiversity, air pollution and soil erosion and formation of holes on the skin. Mining methods affect air quality, as unrefined materials are released to the surface when mineral deposits from the site are exposed. The requirement of mining is to remove soil but vegetation is also removed, through road traffic and wind erosion the particles become airborne. Unrefined particles can be composed of toxic materials such as lead, arsenic and cadmium. Human health is negatively affected by such particles which cause diseases related to the respiratory system such as emphysema. Water pollution is also caused by mining and can include metal contamination, increased sediment levels in waterways and acid mine drainage. Sources of water pollution resulting from mining include processing plants, tailings ponds, waste disposal areas, active or abandoned surface, or transportation roads. A significant threat to the mining industry is biodiversity as it leads to large-scale habitat losses affecting vegetation, animals and microorganisms. Changes in temperature or.
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