China - Largest Gold Producing Country in the World in 2009 for 3rd Year in a Row

[sharon sanders]

"Thems that got the gold, makes the rules."

<table align="center" border="0" cellpadding="0" cellspacing="0" width="530"><tbody><tr><td class="fb24" style="padding: 10px 0px;" align="center">China's annual output of 300 tons of gold output break triple crown </td></tr><tr><td background="http://images.china.cn/images1/ch/07news/b_13.gif" height="1">
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China Net china.com.cn Time: 2010-01-28 comments "" </td></tr><tr><td class="f14_000000" id="fontzoom">

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记者昨日从中国黄金协会获悉，2009年中国黄金产量达到313.98吨，比上一年增长11.34%，首次突破300吨，再创历史新高。​

Reporter learned yesterday from the China Gold Association, China's gold production in 2009 reached 313.98 tons, growth of 11.34% over the previous year, the first time exceeded 300 tons, another record.

2009年中国黄金行业实现工业总产值1375.32亿元，同比增长18.56%。​

In 2009 China's gold industry realized an industrial output value of 137.532 billion yuan, an increase of 18.56%.

黄金产量排名前五位的省份依次为山东、河南、江西、福建、云南，产量占全国总产量的59.48％。​

Gold production provinces in the top five followed by Shandong, Henan, Jiangxi, Fujian, Yunnan, the country's total production output of 59.48%.

2007年中国黄金产量首次超过南非，到2009年已连续3年保持全球第一产金大国的地位。​

China's gold production for the first time in 2007 over South Africa, to the three consecutive years in 2009 to keep the world's largest gold-producing country status.

此前，自1905年以来南非一直保持着世界产金第一的位置。​

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In the global financial turmoil has resulted in various types of assets against the backdrop of sharp fluctuations in international gold prices remain strong, gold against the financial risks become increasingly apparent function, official and non-interest in holding physical gold has continued to improve in 2009, central banks from the gold net buy side to sell side to the net.

2009年12月3日，国际黄金价格创下1218.25美元/盎司的历史记录，2009年全年平均金价为972.35美元/盎司，比上年增长11.51%。​

December 3, 2009, the international gold price hit 1218.25 U.S. dollars / ounce history, in 2009 the annual average gold price of 972.35 U.S. dollars / ounce, an increase of 11.51%.

去年中国黄金市场交易同样活跃。

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Last year, China's gold market trading was also active.

上海黄金交易所各类黄金产品共成交4705.90吨，成交额10277.95亿元；上海期货交易所共成交黄金期货合约681.25万手，成交额15272.82亿元。​

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[Sally Furniss]

Re: China - Largest Gold Producing Country in the World in 2009 for 3rd Year in a Row

China Remains World's #1 Gold Producer
Gold Output Exceeds Record 300 Tonnes

By Luke Burgess
Thursday, February 4th, 2010

The China Gold Association reported that domestic gold output increased 11.3% to a record of 312 tonnes last year, clinching the county's position as world's largest gold producer for the third year in a row.

China's booming gold industry reported 138 billion yuan (US$20 billion) of gross industrial output value in 2009 ? an increase of 19%, compared to the previous year.

Nearly 60% of China's gold output last year came from the five producing province: Shandong, Henan, Jiangxi, Fujian, and Yunnan.

The ten largest gold firms produced 149 tonnes ? 47.3% ? of the country's total output. China had more than 700 gold producers in 2009, down from more than 1,200 firms in 2002 as the industry consolidated.

The China Gold Association gave no figures for domestic gold demand. However, metals consultancy group GFMS said last month that it expects China to overtake India as the world's largest gold consumer in 2009. Total Chinese demand is forecast to reach 432 tonnes as investors defy record bullion prices.

Luke Burgess
Editor, Wealth Daily
Investment Director, Hard Money Millionaire

http://www.wealthdaily.com/articles/china-remains-worlds-1-gold-producer/2299