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China's gold output up 8.07% in Jan-Feb

Apr. 12, 2012 (China Knowledge) - China's gold output increased by 3.81 metric tons or 8.07% year on year to 51.0 metric tons in the first two months of this year, according to statistics released by the Ministry of Industry and Information Technology.

In February, the country's gold output was 26.87 metric tons.

Gold mines in the country produced 42.06 metric tons of gold in the first two months, 7.87% more than that in the same period of last year, while colored-by-product gold from nonferrous smelters increased by 9.00% year on year to 8.95 metric tons.

During the same period, China's top ten gold producers, including China National Gold Group Corp, Zijin Mining Group Co Ltd<601899><2899> and Shandong Gold Group, saw their combined output of gold products rise 3.88% from the same period of last year to 26.73 metric tons, accounting for 52.41% of the country's total.
The gross output value of the gold industry surged 37.00% year on year to RMB 40.04 billion in the first two months, and the sector's profit jumped 36.38% to RMB 4.12 billion.

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