Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
NW China region's gold output up 30.9%
+ -
16:03, July 26, 2008

 Related News
 China's proven gold reserves ranks seventh in the world
 Physicists discover gold can be different on nanoscale
 China now world's 2nd largest gold jewellery consumer, surpassing U.S.
 Country bags the silver in gold sales
 China discovers five major gold mines
 Comment  Tell A Friend
 Print Format  Save Article
Northwest China's Xinjiang Uygur Autonomous Region produced 3,081 kg of gold in the first half, a 30.9 percent rise from the same period last year.

A regional gold administrative bureau official attributed the increased output to new gold-producing ventures in the area and the application of new exploiting technologies.

Boasting the biggest landmass in the country, Xinjiang is rich in both oil and gold resources. It has 28 metallogenic belts where gold ore is found in more than 600 venues. The estimated gold resources are placed at 207.48 tons.

The remote region has seen a rise in gold exploration and development investment over the past few years. Since 2002, Xinjiang has seen more deals struck involving gold exploration and development with signed contracts worth 400 million yuan (about 58.6 million U.S. dollars).

Xinjiang is currently home to 52 gold mining ventures capable of producing 7.1 tons of the metal annually. It is ranked 10th in the nation for gold output.

By 2010, it is expected Xinjiang will add an extra 100 tons of potential gold reserve with its annual production capacity rising to 10 tons.

Source:Xinhua



  Your Message:   Most Commented:
Sarkozy's conditions for Olympics visit met with anger by Chinese netizens
Central authorities to meet Dalai's representatives in early July
China warns U.S. legislators away from China's internal affairs
Miss Venezuela crowned Miss Universe 2008
Report: Clinton on Obama's VP potential list

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6459897.pdf