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Over recent years China has taken full advantage of its natural gold supply and has developed an industry which can now boast being the world’s largest supplier of gold bullion, overtaking South Africa and Australia.
Much of Chinas success can be attributed to their development of smaller mines which allows them to concentrate on mining higher grade ores. Over recent years this is has increased in value bringing high returns and allowing China to develop new and lucrative projects.
Many gold producers from other countries can see the potential of investing in Chinese based projects. Vancouver’s Jinshan Gold Mines are now operating in Chang Shan Ho and Gold Fields and Australias Sino Gold Mining Ltd have started production at its Jinfeng Mine in southern China.
Most of the gold China produces stays in the country in the form of jewellery and manufactured items. However with the rise of the middle and upper classes in China, they are finding themselves with surplus income providing them with the opportunity to buy gold as an investment. |