The information, from the media and a Chinese state press agency, has not yet been verified.
The largest gold deposit in the world?
Thus, no less than 40 gold veins, containing approximately 330 tonnes of gold up to a depth of 2,000 meters. A first estimate which could well prove to be still underestimated, since according to 3D computer models, there could even be 1000 tonnes of gold according to mining experts.
According to Xinhua, one of the two oldest Chinese national news agencies, which gives the official point of view of the Chinese government, this incredible gold reserve is estimated at 82.9 billion dollars (600 billion yuan). , only if the information turns out to be verified.
A particularly promising site
In addition to being particularly large, this deposit would also be of very good quality. It would have 138 grams of gold per tonne of ore. “Many surveys have shown visible gold” according to Chen Rulin, a GBHP ore prospecting expert, to state media, as relayed by Live Science.
In addition, the surveys carried out during test drilling on the outskirts of this site are also very promising since gold has also been discovered there. According to a statement from local experts, this would suggest the existence of even larger deposits.
The largest gold producer in the world
China is already the largest gold producer in the world ahead of Australia, Russia and Canada. However, the East Asian country still consumes more than it produces, therefore it remains very dependent on the mineral resources of South Africa and Australia… a problem that this new deposit might resolve temporarily. As reported by Reuters, China would have consumed 741,732 tonnes of gold during the first three semesters of this year compared to a production of “only” 268,068 tonnes.
According to Statista, “in 2023, Chinese mines produced approximately 370 tons of gold”. In 2023, Uzbekistan produced “only” 100 tons of gold. As the World Gold Council points out, this represents 10% of global production. However, it is this country which to this day has the largest gold mine in the world in terms of production, the Muruntau mine. As for the largest gold deposit in the world, the prize goes to South Africa and its South Deep gold mine according to the media Mining Technology.
The American news agency points out that the price of gold has increased this year due to current geopolitical tensions.
Source: Reuters
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