Shandong Ranks First in China for the 37th Consecutive Year in Gold Output

At Shandong Gold Work Meeting held in Laizhou, it is learned that Shandong Province has been ranking first in China for 37 consecutive years in gold output. In 2011, the province’s gold output came to 100.035 tons, hitting a historical high. Shandong has become China’s first province with annual output of gold topping 100 tons.

In recent years, Shandong’s gold industry has been pressing ahead with industrial restructuring, leading to a simultaneous increase in gold output and economic benefits. At present,Shandong is home to 64 gold mines above the designated size, and three listed gold companies: Shandong Gold, Zhaojin Mining and Humon Smelting. By setting up new bases in Xinjiang and Gansu, the industry is shifting from gold production to integrated mining with gold as the dominant supplemented by other metals and a complete industry chain. In the next step,Shandong will further integrate gold resources by law, provide key support for large gold mining, dressing and smelting enterprises with sales revenue over 10 billion yuan, and develop 3-5 large gold enterprise groups.