China pushes to top as world’s largest gold miners
China became the world’s largest gold producer last year, helped by Canadian- and Australian-led projects that aim to add millions in ounces to the world gold supply.
China produced 276 metric tons of gold last year, equal to about 9.7 million ounces, said London precious metals consultancy GFMS Ltd. in a report released Thursday. That’s up 12% from the year-ago and represented just over one-tenth of the world’s supply.
The ranking pushes South Africa into second place, the first time the gold giant has lost its top ranking since 1905, GFMS said. South Africa, whose late 19th century gold rush led to the founding of mining heavyweights, saw its production decline 8% to 272 metric tons. Read Full Story
Related Articles
- Platinum hits new high above 2,100 usd/oz on SAfrica supply woes
- World Banks Gold Sales Expected To Fall In 2008
- China Gold demand likely to reach record after bumper growth
- Global Gold Demand Down 16% on Near Record Prices
- The Future for Gold
- Coins Mark 2008 Beijing Olympics
- Florida Home Purchased with Gold Coins
- Germany Plans No Gold Sales in 2008-2009
- The Boot of Cortez
- Ethiopia’s fake gold - 26 Arrested
- Top Ten Gold Trivia
- The Immortal Metal
- Olympic coin: 22 pounds of gold, a mere $1 million
- Passing the buck: Mint pushes Peace Dollar
- What’s Up with Gold?
- Open Letter to Henry Paulson, US Secretary of The Treasury on Illegal Rationing of Silver Eagles
- Precious metal surprise: silver a real comer
- US platinum futures hit high on funds, supply fear
- European Banks Sold 475.75 Tons of Gold Last Year
- What’s really been driving oil and gold so high?


















