**Everyone loves, when it comes to today's ** production countries, many people's impressions are still in South Africa and Australia. Since the beginning of this century, South Africa's mining has shrunk, less than one-tenth of its peak. Its position as the largest producer has gradually been replaced by the United States and China.
In addition, in the last decade, Russia's production has increased significantly, almost doubling, and in 2021 it replaced China as the world's largest producer. Specifically, what is the annual output of China and Russia?
Russia has abundant reserves
According to the data of proven reserves, Russia's ** reserves exceed 40,000 tons, ranking first in the world, and the recoverable reserves exceed 10,000 tons. Russia's imports are mainly concentrated in the Far East, and the Trans-Khingan Mountains region in the past accounts for about half of Russia's ** reserves. Its gold mines are mainly located in Magadan Oblast, Yakutia Autonomous Okrug, Amur Oblast, Chukotka Autonomous Oblast, and Haba Territory.
In particular, the Magadan gold mining area, which is extremely rich in resources, is one of the largest gold mining areas in the world, and is known as the "national treasury of Russia".
Gold mining in the Far East remained at around 100 tonnes for the 20 years between the collapse of the Soviet Union and 2010. Since 2010, production has grown steadily and now accounts for half of Russia's total production. The most heavily mined gold deposits are the Kuper, Berekat deposits, Bamsk deposits, Albesk deposits, and multimodal deposits.
The soon-to-be-developed Siberian deposit of Sukhoi logs is one of the world's largest undeveloped gold deposits, with estimated reserves of around 4,000 tonnes. In order to prevent gold mines from falling into foreign hands, Russia** specifically prohibits foreign companies from participating in bidding except for local ones. Once developed, the Russian polar company, which owns the mining rights, is expected to become the world's second-largest producer.
Another major mining area in Russia is in the Urals, where the reserves account for more than 4 percent of Russia's total reserves, and more than 10 mining areas have been formed around the Urals.
In the past two years, affected by the Russian-Ukrainian war, the demand for safe haven by Russians has surged, and on the other hand, the 13% income tax levied on profits from the sale of gold bars has also been abolished, and Russia's ** production has been further released. In the past 2023, Russia** produced a new high of 382 tons.
However, due to the harsh climate and environment, poor infrastructure, backward mining equipment and other reasons, the gold mines in most remote areas of Siberia and the Far East have not been fully developed, otherwise, Russia's production will be higher. According to estimates, by 2025, Russia's ** production is expected to exceed the 400-ton mark.
Compared with Russia, although China's ** reserves are not so huge, but nearly 1The mineral reserves of 60,000 tons still rank second in the world, of which Shandong accounts for a quarter of the total reserves. The difficulty of gold mining in China is easier than that in Russia, and since 2007, the output has surpassed that of the United States, ranking first in output for 14 consecutive years.
But on the whole, in the past ten years, China's first-class output has shown a downward trend, and the annual output has dropped from 450 tons six or seven years ago to less than 400 tons now. It's not that the production capacity can't keep up, but the result of active subtraction in the pursuit of high-quality development. According to data released by the China ** Association, in 2023, China's domestic raw material ** output will be 375 tons, a year-on-year increase of less than 1%.
China's main mineral gold production enterprises include 10 enterprises such as China, Shandong, Zijin Mining, and Shandong Zhaojin, accounting for more than 4% of the total output, and the pattern of large-scale enterprises leading the output is gradually forming.
Although China is no longer the champion of production, but is still the largest consumer, processing and importer, in the past five years, the average annual consumption of more than 1,000 tons, of which jewelry consumption accounted for 7 percent, gold bar and gold coin investment nearly 30 percent, industrial and other uses less than 1 percent, truly realized the gold in the people.
According to the current consumption projection, in a few years, it is possible for the private ** collection to catch up with India!