The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Thursday, 5th February 2009 (4983 views)

Chinese gold production rose in 2008 by 11.5 tonnes (4.26 per cent) to 282 tonnes, official figures have revealed.

The China Gold Association stated that the country continued to be the world's largest gold miner last year and increased production compared with 2007 to 282.007 tonnes.

According to the association's data, 46.4 per cent of the gold produced was generated by the provinces of Shandong, Jiangxi and Henan.

The country remained the largest gold producer in the world, having overtaken South Africa in 2007 with output of 270.49 tonnes.

Gold trading volumes on the Shanghai Gold Exchange rose in 2008 by 174.84 per cent year-on-year to 868.39 billion yuan (£87.77 billion).

Official figures released by the Chinese Ministry of Industry and Information Technology last month indicated that 246 tonnes of gold had been mined in the country over the first 11 months of 2008, an increase over the year of 2.14 per cent.

 

« Back to Gold News stories