Chinese - New gold-mine with reservations of more than 20 tons
08-07-2008 newspaperThe National Corporation of Gold of China (CNOCh) announced on the 7th the discovery of a new seam with a reservation estimated in 15 tons of gold in one of his mines. Initially expert they had calculated the reservations of the gold-mine Na Neng, located in the autonomous region of the ethnic group Zhuang de Guangxi, in the south-west of China, in 5 tons.
China is provided at present with 330 gold-mines, with a daily production of 11.000 tons of golden mineral.
This year, China exceeded the United States to turn into the second biggest world producer of this mineral, overcome only by South Africa. In 2007, his golden production reached 270,491 tons, an increase of 12,67 % opposite to the previous year.
Qiu Hanyi, an analyst of the sector, thought that the prices of the gold will keep on rising, to the time with the increases in the international prices of the oil and the inflationary pressures.
“But the investors will have to remain alert opposite to the commercial risks”, he warned.
The golden consumption on the part of China has experienced an intensive growth in the last years. Last year, the sales in China, included Hong Kong and Taiwan, reached a 363,3 tons record.
The national reservation is estimated between 15.000 and 20.000 tons, what it puts to the country in the seventh position on a global scale.
08-07-2008 Xinhua
