Laizhou to Build the World’s Largest Gold Industrial Base

Shandong Gold Group will invest RMB 35 billion to build a gold industrial base in Laizhou and gear up its 9 major gold industrial chain projects. The group’s gold output value is expected to top RMB 50 billion and reach RMB 100 billion by 2015.

Laizhou boasts abundant gold reserves, and is China’s gold mining & dressing and refining base with the highest industrial concentration and the greatest scale. In June 2012, Shandong Gold Group and Laizhou Municipal Government signed a strategic cooperation agreement.According to the agreement, during the 12the“Five-year Planning” period, Shandong Gold Group will invest RMB 35 billion in Laizhou to build 9 major gold industrial chain projects and complete 4 large gold mines with daily processing scale of 60,000-120,000 tons, and make Laizhou the world’s largest gold industrial base with advanced technology and excellent environmental protection facilities.

As a key project of Binhai Qibu area, Shandong Gold Group’s high-end mining & dressing demonstration park has a total investment of RMB 2.5 billion and is expected to be completely put into operation in June 2013. Upon completion, the demonstration park is expected to realize daily processing capacity of over 10,000 tons, annual gold output of 25,000 jin and profit of RMB 1 billion