China Gold Production Reached 313.98 Tons

Official Xinhua News Agency reported China's domestic gold production increase this year reached 313.98 tons increased 11.34 percent. China's domestic gold production from the mine site located in the province of Shandong, Henan, Jiangxi, Fujian and Yunnan. Gold production from the five provinces to reach a total 59.48 percent of China's domestic gold production.

Increased gold production from year to year, placing China became the largest gold producer in the world. For three consecutive years ranked as China's first world gold production. Chinese gold production exceeded the South African gold production.

Chinese gold mining company could produce 148.55 tons to 47.31% of total Chinese production.

China Gold Association reported several gold mines have been closed and the gold mining companies combined into a single small gold mining companies. In 2002 the Chinese government has joined some 1,200 small gold mining company, until the year 2009 lived in 700 small gold mining companies.