Metal Products News
- 16% growth in Q1 gold production
Date: 14-May-2007 Sources: (Shenzhen Daily)
CHINA produced 56.183 tons of gold in the first quarter of this year, a year-on-year increment of 7.746 tons or 15.99 percent, sources with the China Gold Industry Association said.
Chinese gold enterprises realized 14.6 billion yuan (US$1.9 billion) in gross industrial output in the three-month period, up 54.16 percent year on year. Their combined profits stood at 1.6 billion yuan, up 44.12 percent. From January to March, gold smelteries produced 17.909 tons of finished gold, up 14.76 percent, the sources said Saturday. Sun Zhaoxue, head of the gold industry association, said that annual gold production nationwide increased from 181 tons in 2001 to 240 tons in 2006.
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