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Exploration and production is spread across 3,389 gold mining areas, managed by around 400 gold mining companies. Within this group, the top 13 account for the lions share of production, taking 59.77% and 41.04% of finished gold and mined gold output, respectively.
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Feb 28, 2017China closing 150 gold mines. Image of Ao, a giant turtle in Chinese mythology, outside Zhaoyuan, China's official city of gold, located in Shandong province. China's official news agency Xinhua is reporting that the country is set increase annual gold output to 500 tonnes by the end of the decade from around 450 tonnes currently.
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Read MoreShandong Gold Mining to expand capacity China Daily
The current gold prices are not high but at reasonable levels, said a senior executive of Shandong Gold Mining Co Ltd yesterday amid speculation that the Shandong Gold Mining to expand capacity.
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Shandong Gold Group (SD Gold) was established in 1996, and converted in 2015 into a state owned capital investment company directly under Shandong Provincial Government. As a large state owned backbone enterprise
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