Unlike South Africa, China has managed to set a new record in gold production in 2009 and even reduced the number of producers in the country.
According to reports, China’s gold output rose 11.34 per cent to a record of 313.98 tonnes in 2009. This is despite a big fall in number of producers. China has been closing and integrating some small and obsolete gold producers. The total number of gold producers fell from more than 1,200 in 2002 to about 700 in 2009.
China’s annual gold output exceeded South Africa in 2007.
According to reports, China’s gold output rose 11.34 per cent to a record of 313.98 tonnes in 2009. This is despite a big fall in number of producers. China has been closing and integrating some small and obsolete gold producers. The total number of gold producers fell from more than 1,200 in 2002 to about 700 in 2009.
China’s annual gold output exceeded South Africa in 2007.
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