China in 2012 dug 403 tons of gold

China set a new world record for gold mining. In 2012, 403.05 tons of gold were obtained from the Middle Kingdom, which is 11.66% more than in 2011. This was written by the China Gold Association (China Gold Association).

Back in 2007, the Chinese extractors of the precious metals overtook the South African Republic, who until then the owner of the largest gold deposits in the world. For six years now, China has been a world record holder in terms of gold production. The Chinese Gold Association notes that compared to 1949, when 4.07 tons of gold were mined in Chinese gold miners, the 2012 indicator was a hundred times higher.

However, Chinese industry continues to import additional amounts of this precious metal. In 2011 alone, the domestic consumption of gold in China amounted to more than 761 tons. And today, the PRC remains the second country in the world in terms of gold consumption, having missed only India.

More than 82 percent of Chinese gold is mined in only three small provinces of this country: Shandong, Henan, Jiangsi, and more than half of the amount of this metal falls on the share of the ten largest gold miners of the PRC, according to the Chinese gold association.