China's Gold Output Jumps 12.67% But Still No. 2

Source:

China's gold output rose 12.67 percent in 2007 to 270.491 tonnes, but the gain was not enough to overtake top producer South Africa, the vice secretary general of the China Gold Association said today.

China's gold output rose 12.67 percent in 2007 to 270.491 tonnes, but the gain was not enough to overtake top producer South Africa, the vice secretary general of the China Gold Association said on Tuesday.

Production fell just short of South Africa's 272 tonnes. The two countries were neck and neck in gold output in the second half of the year, leading London-based GFMS to estimate that China had already become the world's largest producer in 2007.

"The real output may be a little higher and we may have to adjust final figures a little, because of the special characteristics of Chinese statistics, but for now we are going with 270.5 tonnes," Hou Huimin told Reuters.

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