Company today Gold ore direction Agricultural direction China continues to increase gold production 03.10.2017 China, the world's largest gold producer, plans to increase its production of precious metals to 500 tons per year by 2020, up from the current 450 tons. Zhang Yongtao, deputy head of the Chinese Gold Association, announced this during a briefing, according to the "Bulletin of the Gold Producer". According to Yongtao, China has been the largest gold producer for the past 10 years and also the largest consumer of the precious metal for the past four years, Xinhua reported. In 2016, gold transactions in the Chinese market, including exchange trades, futures and off-market transactions of banks, reached 70 thousand tons, expecting to grow to more than 100 thousand tons by 2020, Zhang added. As reported, gold production in China in the first half of 2017 amounted to 207 tons, which was 9.8% lower than the same period last year. At the same time, metal consumption increased by almost 10% to 545 tons, writes Vestnik Zolotopromistnika. Comments (1) PORTAL ABOUT GOLD MINING , AGRICULTURE , THE DEVELOPMENT OF THESE INDUSTRIES AND INVESTMENT PROJECTS IN RUSSIA © 2005-2017 Investment company "ARLAN" Contacts Editorial staff Made in DDVB