China Will Be World's Top Gold Miner in Next Decade

Source:

...at the current rate of growth, boosted by external involvement in the sector by companies like Sino Gold, Jinshan and Leyshon, and with output declining at all the major producing countries, China is on track to become the world's largest gold producer during the next decade. It is already in third place after South Africa and the USA.

With continuing expansion of its gold industry and declining production elsewhere, China is poised to become the world's largest gold producer in the next decade and western mining companies are taking advantage of the opportunities opening up in this sector.

In an extremely interesting presentation to MCL's 20:20 Gold Day in London yesterday, Paul Atherley, Managing Director of Leyshon Resources entertained the audience of bankers, brokers, fund managers, investors and media with an insight into the phenomenal growth apparent throughout China. This growth is one of the major drivers of the current commodities boom with the Chinese economy continuing to expand at double digit growth levels.

On Chinese gold production, at the current rate of growth, boosted by external involvement in the sector by companies like Sino Gold, Jinshan and Leyshon, and with output declining at all the major producing countries, China is on track to become the world's largest gold producer during the next decade. It is already in third place after South Africa and the USA.

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