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LONDON, May 26 (UPI) -- The World Gold Council says that gold mining is becoming more and more important to developing countries in Africa, South America and Asia.
The council said gold exports from heavily indebted countries had surged by 84 percent between 1994 and 2004, the BBC reported Thursday. In 2004, developing countries produced 72 percent of the global output of gold.
"The gold industry is of tremendous and growing importance to highly indebted countries," WGC chief executive James Burton said.
Gold leads the list of goods shipped abroad from South Africa, Peru, Kyrgyzstan and Papua New Guinea, and also is becoming more and more important to heavily indebted developing nations like Mali and Ghana, he said.
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CANBERRA, Australia, May 23 (UPI) --
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