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Australia is poised1 to overtake South Africa and the U.S. as the world's second-largest producer of gold as new mines boost output to meet a sharp rise in international demand. A giant facility south of Perth near the town of Boddington is leading the charge. Production has just started at what will be Australia's biggest gold mine that aims for an output of a million ounces a year.
After recent falls, Australia's gold output has bounced(反弹) back and is worth about $7 billion annually2.
The new gold rush has been boosted by production at the open cast Boddington mine in Western Australia that's owned by American resources company, Newmont.
Spokeswoman Annette Dix says the project has lofty ambitions.
"For the first five years, we will be the biggest goldmine in Australia. Eventually, it will be the size of the Perth CBD," she said.
Since the decision to develop the site near Perth was made in the late 1990s, the gold price has tripled. The facility expects to produce about $1.4 billion of the precious metal each year.
The development has transformed Boddington from a small community with a dozen shops into a prosperous hub of activity that's attracted 4,000 mine workers.
Gary Sherry from the local council is looking forward to the good times.
"Certainly we're a boom town, but I don't see a bust3 for Boddington. While things will calm down once the construction of the gold mine is finished, there'll be continued growth over 20 years as the mine slowly develop their resource, and that is 20 years of growth for our town," he said.
Prices for gold are approaching $1,000 an ounce and international investors4, especially those in China, are taking a keen interest in the trade.
China remains5 the world's largest producer of gold. Analysts6 have predicted that increases to Australia's output could see it overtake the United States and South Africa as the second most important source of a precious commodity that shows few signs of going out of fashion. (本文由在线英语听力室整理编辑)
After recent falls, Australia's gold output has bounced(反弹) back and is worth about $7 billion annually2.
The new gold rush has been boosted by production at the open cast Boddington mine in Western Australia that's owned by American resources company, Newmont.
Spokeswoman Annette Dix says the project has lofty ambitions.
"For the first five years, we will be the biggest goldmine in Australia. Eventually, it will be the size of the Perth CBD," she said.
Since the decision to develop the site near Perth was made in the late 1990s, the gold price has tripled. The facility expects to produce about $1.4 billion of the precious metal each year.
The development has transformed Boddington from a small community with a dozen shops into a prosperous hub of activity that's attracted 4,000 mine workers.
Gary Sherry from the local council is looking forward to the good times.
"Certainly we're a boom town, but I don't see a bust3 for Boddington. While things will calm down once the construction of the gold mine is finished, there'll be continued growth over 20 years as the mine slowly develop their resource, and that is 20 years of growth for our town," he said.
Prices for gold are approaching $1,000 an ounce and international investors4, especially those in China, are taking a keen interest in the trade.
China remains5 the world's largest producer of gold. Analysts6 have predicted that increases to Australia's output could see it overtake the United States and South Africa as the second most important source of a precious commodity that shows few signs of going out of fashion. (本文由在线英语听力室整理编辑)
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1 poised | |
a.摆好姿势不动的 | |
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2 annually | |
adv.一年一次,每年 | |
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3 bust | |
vt.打破;vi.爆裂;n.半身像;胸部 | |
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4 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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5 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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6 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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