China discovers five gold mines in 2007
China, the second largest producer of gold in the world, discovered five gold mines during last year with a combined reserve of 600 tons with more potential for further prospecting.
By PTI |
BEIJING: China, the second largest producer of gold in the world, discovered five gold mines during last year with a combined reserve of 600 tons with more potential for further prospecting, the China Geological Survey Bureau (CGS) said.
In addition, gold deposits have been found on the peripheries of some lead and zinc mines, CGS said.
The mines were discovered in Gandise of Tibet Autonomous Region, Dachang in Qinghai province, Yangshan in southern Gansu province, Sizhuang in Shandong province and Baolun in Hainan province, the official Xinhua news agency said.
Shandong in east China with a proved gold reserve of over 1,000 tons is one of the country's main gold producers.
China became the worlds second largest gold producer in 2007, when it overtook the US with an output of 270.491 tons, close to 272 tons output of the number one gold producer South Africa.
China plans to produce 1,300 tons of gold and verify gold mine reserves of 3,000 to 5,000 tons during the period between 2006 and 2010.
In addition, gold deposits have been found on the peripheries of some lead and zinc mines, CGS said.
The mines were discovered in Gandise of Tibet Autonomous Region, Dachang in Qinghai province, Yangshan in southern Gansu province, Sizhuang in Shandong province and Baolun in Hainan province, the official Xinhua news agency said.
Shandong in east China with a proved gold reserve of over 1,000 tons is one of the country's main gold producers.
China became the worlds second largest gold producer in 2007, when it overtook the US with an output of 270.491 tons, close to 272 tons output of the number one gold producer South Africa.
China plans to produce 1,300 tons of gold and verify gold mine reserves of 3,000 to 5,000 tons during the period between 2006 and 2010.
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