Scientists say they have discovered two potentially record-smashing 1,000-tonne gold deposits in central and northeastern China, and more discoveries could come with the use of advanced exploration technology. If proven, these deposits could be among the largest in the world, and even surpass the largest known gold deposit in South Africa. China is the world’s…
(Bloomberg) — China’s central bank expanded its gold reserves in November, ending a six-month pause in purchases after prices for the precious metal rose to a record. Most Read from Bloomberg Bullion held by the People’s Bank of China climbed by 160,000 fine troy ounces last month to 72.96 million fine troy ounces, according to…
China’s central bank expanded its gold reserves in November, ending a six-month pause in purchases after prices for the precious metal rose to a record. Bullion held by the People’s Bank of China climbed by 160,000 fine troy ounces last month to 72.96 million fine troy ounces, according to official data released on Saturday. The…
A massive gold discovery in central China has the potential to reshape the nation’s gold reserves and contribute significantly to global supply. The Geological Bureau of Hunan has claimed that Chinese geologists have identified more than 40 gold veins, with reserves of 300 tonnes, at a depth of 2,000 meters (6500 feet) beneath the Wangu…