China’s gold production reached 428 tons in 2013, ranking world first for seven consecutive years
Source: www.mlr.gov.cn Citation: www.chinamining.com.cn Date: Feb. 11, 2014
The latest statistics from China Gold Association show that in 2013, China`s gold production reached 428.163 tons, 6.23% up from a year earlier, hitting a record high and ranking world first for seven consecutive years. Then again, China’s gold consumption exceeded 1000 tons in 2013 for the first time.
The gold production of ten key gold producing provinces (areas), namely Shandong, Henan, Jiangxi, Inner Mongolia, Yunnan, Hunan, Gansu, Fujian, Hubei, Xinjiang accounted for 82.94% of the total in China. Ten key gold enterprises in China are China National Gold Group Corporation, Shandong Gold Group Co., Ltd., ZIJIN MINING GROUP CO., LTD., Shandong Zhaojin Group Company Limited, Hunan Gold Group Co., Ltd., Eldorado Gold Corporation (China), Yunnan Gold Mining Group Co., Ltd, Shandong Zhongkuang Group Co., Ltd., Lingbao Gold Company Ltd. and Lingbao Jinyuan Mining Company Limited, the gold production of which accounted for 45.65% of the national total amount.
In 2013, gold transaction volume in Shanghai Gold exchange reached 11614.452 tons with a turnover of 3.2133844 trillion Yuan. The Shanghai Futures Exchange completed 40.17565 million gold future contracts with a turnover of 10.709062 trillion Yuan.
In addition, according to the latest statistics from China Gold Association, in 2013, China’s gold consumption exceeded 1000 tons to 1176.40 tons for the first time, up by 41.36% from a year earlier. Among them: gold for jewelry was consumed 716.50 tons, up by 42.52% year on year; gold for gold bars 375.73 tons, up by 56.57%; gold for gold coins 25.03 tons, down by 1.07%; gold for industry 48.74 tons, 0.23% down; gold for other purposes 10.40 tons, down by 32.03%. (Translated by TLRHVC)
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