China has reported the largest gold discovery since the founding of the People's Republic in 1949, with a site containing approximately 2.586 million tons of ore, having an average content of 0.56 grams of gold per ton, equivalent to 1,444 tons of gold. At current prices, this amount is worth over 166 billion euros. The project was carried out by the state group Liaoning Geological and Mining Group, which mobilized nearly 1,000 technicians and workers, completing the exploration in a record time of 15 months. The ministry described the discovery as 'ultra-large', but of inferior quality, and it has already passed the initial economic feasibility assessment. Although the exact location of the site has not been disclosed, it is known to be in Liaoning province, which has generated strategic speculation. The demand for gold is increasing, and prices have risen by over 50% this year, influenced by the weakening dollar and geopolitical tensions. China has accelerated mining exploration, recently reporting significant discoveries and an increase in gold production, reflecting the growing interest of the middle class in protecting wealth amid global economic uncertainty.
Sources
China decoperă un zăcământ uriaș de aur
China anunță cea mai mare descoperire de aur din ultimii peste șaptezeci de ani China descoperă cel mai mare zăcământ de aur din 1949
China a descoperit cel mai mare zăcământ de aur din ultimele șapte decenii: Metalul prețios din „Dadonggou” are o valoare uriașă
Latest News
22:59
An Indian cargo ship sank in the Red Sea after an attack by Houthi rebels.
22:44
PHG Media Invest is in court against CNA for sanctions applied to Realitatea Plus
22:31
Unit 2 of the Cernavodă Nuclear Power Plant is operating normally under drought conditions.
22:16
Cuba: The UNE Company has announced the restoration of the national electric system, but many areas remain without power.
21:53
The Italian state, required to pay 260,000 euros to a Romanian woman illegally deprived of her liberty.
See more news