Top 10 gold-producing provinces in China

By Zhang Junmian
0 Comment(s)Print E-mail China.org.cn, September 21, 2012
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The top ten of the 27 gold-producing provincial regions in China produced 286.52 tons of the precious metal in 2011, an overwhelming 79.38 percent of the national total, according to the 2011 China Gold Market Report recently released by the Financial Market Management Department of Shanghai Head Office of the People's Bank of China, the China Gold Association, the Shanghai Futures Exchange and the Shanghai Gold Exchange.

China's gold output rose 5.87 percent, or 20.08 tons year-on-year to a record high of 360.96 tons in 2011, cementing its top global ranking for the fifth year running. The country surpassed South Africa as the world's largest gold producer in 2007.

In 2011, 19 of these regions saw an increase in gold output, while 8 underwent a decline. Of the top 10, Henan and Jiangxi saw the biggest growth at 6.51 tons and 3.59 tons, respectively. Besides the top 10, Xinjiang and Liaoning also reported an output of more than 10 tons, at 11.69 tons and 11.8 tons, respectively.

China's eastern, central and western regions respectively contributed 40.31 percent, 40.02 percent and 19.67 percent of the national total output in 2011.

In the first half of 2012, China produced a total of 176.99 tons of gold, a 7.65 percent increase year-on-year.

Also read: Top 10 gold-producing countries in 2011

                  Top 10 gold consumers in the world 2011

China is the world's second largest consumer of the precious metal, only after India. Its gold demand exceeded 1,000 tons in 2011, almost a quarter of the overall global demand.

China.org.cn has compiled the top ten gold-producing provincial regions in China for 2011:

   Gansu Province 甘肃省

 

Gansu Province, one of the 'Top 10 gold-producing provinces in China' by China.org.cn.

Gansu Province [File Photo] 

Rank 2011: 10; Rank 2010: 9

Production 2011: 11.8 tons

Increase over 2010: -1.77 percent

Gansu Province produced 11.8 tons of gold in 2011, accounting for 3.27 percent of the national total. Its gold resources are mainly distributed in Beishan, Qilianshan and Western Qinling Mountains areas. Gansu has been successful in exploring gold resources in recent years. In 2007, it discovered Yangshan Gold Mine at Wenxian County, known as the largest Carlin-Type gold deposit in Asia. The gold mine, the biggest in Western China, boasts proven reserves of more than 325 tons, with an estimated economic value of more than 50 billion yuan (US$7.94 billion). The Zhaishang Gold Mine Belt, located in Minxian County, has proven reserves of 127.3 tons.

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