China's gold production for five consecutive years leading the world

According to the latest statistics provided by the China Gold Association on the 31st, China’s gold production in 2011 reached 360.957 tons, an increase of 20.081 tons, an increase of 5.89%, and a record high, ranking first in the world for five consecutive years. The top five provinces in terms of gold production are Shandong, Henan, Jiangxi, Fujian, and Inner Mongolia. Their output accounts for 59.90% of the country's total output.

According to the introduction of the China Gold Association, in 2011 China's gold industry continued to study and implement the scientific concept of development, promote industrial restructuring, adhere to technological innovation and technological progress, and showed good running conditions and development prospects in resource exploration and resource integration. . A group of large-scale gold companies actively explored geological exploration and resource integration, accelerated the integration and development of resources in key gold-producing areas, continuously made breakthroughs in exploration in new areas, and established a number of production bases with economies of scale in key metallogenic belts. The implementation of the "going out" strategy has made progress. Technological innovation has become a powerful driving force for the development of the industry. It has been difficult to handle major scientific research projects such as the selection and smelting of gold resources, and has achieved breakthrough results, which has reached the international advanced level. In 2011, China's top gold producers such as China National Gold Group Corporation, Zijin Mining Co., Ltd., Shandong Gold Group Corporation and Shandong Zhaojin Group produced 184.019 tons of gold, which accounted for 50.98% of national gold production. The "small but scattered" situation in the gold industry is continuously changing. The pattern of large gold companies leading the development of the gold industry has been formed.

In 2011, the Chinese gold market was active. A total of 7438.463 tons of gold products were traded on the Shanghai Gold Exchange, an increase of 23.03% over the same period of last year. The turnover amounted to 2,477,216 million yuan, a year-on-year increase of 53.45%. A total of 14,443,520 contracts were traded on the Shanghai** Exchange, an increase of 112.59% year-on-year; the turnover was 5.097607 trillion yuan, an increase of 178.68% year-on-year.

It is understood that in 1949 China's gold production was only 4.07 tons, in 1975 it was 13.8 tons. Since the 1970s, the state has adopted a series of supportive policies for gold production, increased investment in the gold industry, improved technological equipment, and the gold industry has entered the fast track of development. In 1995, China's gold output exceeded 100 tons, reaching 200 tons in 2003 and exceeding 300 tons in 2009. In 2007, China’s gold production surpassed South Africa for the first time, and for the fifth consecutive year in 2011 it has maintained its status as the world’s largest gold producer.

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