Friday, February 22nd 10:13 AM IST

China discovers 149 tons of Gold reserves

# China gold  # largest gold consumer  # Inner Mongolia  

The gold mine is located in Bayannur in the west of Inner Mongolia, and was found by Inner Mongolia Pacific Mining, a subsidiary of China National Gold Group Corp.

BEIJING(BullionStreet): World's largest gold producer China discovered yet another major reserves in it's Inner Mongolia province in the country’s north.

A mine containing 148.5 tons of gold reserves was found in the province, the largest verified reserves in the autonomous region.

The gold mine is located in Bayannur in the west of Inner Mongolia, and was found by Inner Mongolia Pacific Mining, a subsidiary of China National Gold Group Corp.

Inner Mongolia Pacific Mining Co., Ltd. is 96.5 percent owned by China Gold International Resources and 3.5 percent owned by Ningxia Nuclear Industry Geological Engineering Bureau.

China Gold International Resources was listed on the HKEx in November 2010, becoming the only platform for China National Gold Group’s overseas business.

How about a fully featured Android App for your business?
  • Ka Gold Jewelry

     David Weitzmanis the force behind…

  • NetJewel:

    NetFlorist, NetGifts, NetJewel and NetPerfume…

  • Duo

    Created by Yannick and Patrick Bellaiche,…

  • fabulous

    We believe that contemporary jewellery is…

Most Popular

Bullion Street Newsletter