Main article: Gold mining
2025: Ghana Gold Mining
Main article: Ghana
2017: Discovery of China's largest gold deposit
On March 29, 2017, it became known that Shandong Gold Group Co., which ranks second in China in terms of gold production, discovered a deposit in the east of the country that could become the largest in China, Bloomberg reported.
382.58 tons of gold were found in the Xilin mine in Shandong province. The stockpile could reach more than 550 tons after exploration work is completed in two years.
This will make the field the largest in China, according to a statement on the Shandong provincial government website. When operating at full capacity, the mine will have a service life of 40 years, the report says[1].
Chinese gold miners have stepped up their search for deposits in the country and are looking for opportunities for acquisitions, as the country seeks to increase reserves by 3 thousand tons to 14 thousand tons by 2020, the Ministry of Industry and Informatization of the PRC said last month.
Shandong Gold Mining Co. rose 2.8% in Shanghai trading.
See also
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |