Metals News
China Shandong Gold Sees 2010 Output up 18%
data analysis
09:54AM
Dec 3,2010
Source:SMM

BEIJING, Dec. 3 -- Shandong Gold Group said its mined gold output in 2010 was likely to grow 18 percent year-on-year to 25 tons, Bloomberg reported, citing a senior executive.

The production growth is likely to accelerate in coming years, Wang Jianhua, the company chairman, told reporters on the sidelines of a conference.

The parent of Shanghai-listed Shandong Gold reported 17.7 tons of mined gold production in 2009.

Wang said in the five-year period ending this year, the group found 800 tons of gold resources through exploration, with a total investment of 1.15 billion yuan ($172,592,000).

China's top producer Zijin Mining produced 30.65 tons of mined gold in 2009, and expects to produce 30 tons of gold this year, according to Bloomberg.
 

gold
Shandong Gold Group
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data