The USGS estimate of world gold reserves of 42,000 t was similar to 2006 According to the USGS, South Africa still has the world's largest reserve of gold at 6000 t (14.3%), similar to 2006. According to the USGS Australia has the second largest reserve with approximately 12% of the world's holdings.
World mine production in 2007 fell slightly to 2,476 t. A major change in world rankings occurred in 2007 as China replaced South Africa as the world's leading gold producer. China produced about 281 t in 2007, followed by South Africa with 270 t and Australia with 246 t.
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