China surprises the world with its biggest gold find ever! A mine valued at 28.5 billion dollars


Share on social networks

inspenet - 1837

Inspenet, May 20, 2023

The Natural Resources Department of east China’s Shandong province reported the discovery of an additional 200 tons of gold at the Xiling mine in the city of Laizhou, the Global Times reported.

The recent find brings the mine’s total cumulative gold reserve to 580 tons, making it the largest single gold deposit in the country, with an estimated economic value of 200 billion yuan (28.54 billion U.S. dollars).

Un chofer humanoide se apodera del volante de un
TerraPower construye una planta de reactores nucleares
El robot Eve ahora obedece comandos de voz
En China estan fabricando robots con expresiones faciales
El desarrollo y entrenamiento de robots humanoides de Tesla
A humanoid driver takes over the steering wheel of a robotaxi
Bill Gates and TerraPower build nuclear reactor plant in the U.S.
Eve robot now obeys voice commands
China is making robots that perform facial movements
Tesla announces that two autonomous humanoid robots are working in one of its factories.
previous arrowprevious arrow
next arrownext arrow

1837 China oro mina shutterstock 1755524972

A colossal Chinese mine: Learn about the dimensions and figures that make Xiling an unprecedented gold reserve

The Xiling gold mine measures 1,996 meters long by 2,057 meters wide, with a maximum thickness of 62.35 meters, providing an average of 4.26 grams per ton. According to estimates, the deposit will be able to produce around 10,000 tons of gold per day for the next 30 years.

The deputy general manager of Shandong Gold Group, Feng Tao, explained that, to discover the gold reserves in his company’s mine, more than 180 wells were drilled along 300,000 meters, noting that one of the drilling holes is approximately 4,000 meters deep, “a precedent for small diameter drilling” in Chinese territory.

The China Gold Association (CGA) said the northeastern Shandong region has the largest gold mine reserves in China, and the most abundant gold production and deposits in the entire country. .

According to CGA data, China produced 84.97 tons of raw gold in the first quarter of this year, representing an increase of 1.88% over the previous year. Likewise, he explained that the volume of gold consumption at the national level reached 291.58 tons, which indicates an interannual growth of 12.03%.

On the other hand, the Shandong Gold company produced 38.7 tons of gold last year, corresponding to 13.1% of total production in China. The firm expects to produce no less than 39.6 tons this year.

Source :

Photos : Shutter Stock

Don’t miss the Inspenet News at:

Share this news on your social networks

Rate this post
1 star2 stars3 stars4 stars5 stars (No rating yet)
loading spinnerLoading...