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China's gold output up 11.01% in Jan-Oct

Dec. 13, 2012 (China Knowledge) - China saw its gold output increase by 11.01% YoY to 322.8 metric tons in the first ten months of this year, according to statistics released by the Ministry of Industry and Information Technology.

In the first ten months of this year, gold mines in the country produced 271.2 metric tons of gold, 11.5% more than in the same period of last year, while colored-by-product gold from nonferrous smelters increased by 8.51% YoY to 51.6 metric tons.

In the month of October, the country's gold output was 34.6 metric tons, and the industry's gross output value reached RMB 34.02 billion.
From January to October 2012, the gross output value of the gold industry grew 34.15% YoY to RMB 293.7 billion.

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