China s gold production is likely to hit a record high

Mondo Sports Updated on 2024-02-01

The increase in China's first-class output is not overnight, and there are still many uncertainties about breaking through the record high, but as the overall situation becomes clearer, this dream is slowly shining into reality.

On January 25, the China ** Association released the latest statistics: China's domestic raw material ** output in 2023 will be 375155 tons, a year-on-year increase of 084%。This is the second consecutive year of China's production after many years. Although the increase is not large compared with 2022, we have reason to believe that China's ** output will reach or even exceed 453 in 2016An all-time high of 486 tons, the possibility is growing.

Since 2016, China's first-class output has entered a downward channel. On the one hand, affected by industrial policies, such as the withdrawal of mining rights in nature reserves, mineral resource rights and interests, environmental protection taxes, etc., a large number of first-class mines have been forced to reduce or stop production; On the other hand, with the gradual development of China's high-quality resources, the proportion of difficult-to-mine resources such as thin veins and deep parts is increasing, and the cost has increased significantly, resulting in a decline in the output of many first-class mining enterprises. In addition, some emergency safety and environmental protection incidents have also affected the normal production of ** mining enterprises. Nowadays, with the continuous optimization and improvement of industrial policies, as well as the technological upgrading of mining enterprises through scientific and technological innovation, they are gradually digesting negative factors, and even allowing some first-class resources that have no utilization value in the past to be re-developed and utilized, which is one of the important reasons for the continuous improvement of China's first-class output since 2022.

In 2023, China's leading industry will implement a new round of strategic actions for prospecting breakthroughs, and effectively secure the "resource" job bowl through prospecting and increasing reserves. By the end of 2022, China's ** resources will reach 15,79801 tons, ** resources have been steadily increasing. At the same time, the continuous high level and rising demand are also stimulating the industry to increase exploration and reserves. Although the investment in mining geological exploration continues to decrease, the investment in geological exploration has always been in the forefront of all minerals. According to the data of the "China Mineral Resources Report 2023", in 2022, China's gold geological exploration investment will be 107.1 billion yuan, ranking third in the exploration of non-oil and gas minerals. With the gradual "realization" of geological exploration investment, China's first-class resources are expected to continue to increase. This has laid a solid foundation for the continuous growth of China's top output.

In addition to accelerating geological prospecting, large-scale enterprise groups are also accelerating the increase of reserves and production through resource mergers and acquisitions. For example, the Xiling Gold Mine of Shandong ** Group has become the largest single gold deposit discovered in China, with a cumulative gold metal volume of 580 tons. Shandong **, Zijin Mining, Shandong Zhaojin and other enterprises actively deploy high-quality resources, through mergers and acquisitions, bidding and other ways to Gansu Xihe Bridge Gold Mine, ** Juno Copper Mine and Gansu Dunhuang Beishan Gold Mine and other gold and copper mine resource integration. With the blessing of the advantages of technology, capital, scale and talent of large-scale industrial groups, these gold mines will fully release their production potential and add a pair of wings to China's first-class output.

It is worth mentioning that there are a number of large-scale mining projects in China that are stepping up construction, such as the planned annual output of 15 tons of gold mines in the sea area under construction, and the planned annual output of 10 tons of Shaling gold mines. These gold mining projects will promote China's first-class production to a new level.

The increase in China's first-class output is not overnight, and there are still many uncertainties about breaking through the record high, but as the overall situation becomes clearer, this dream is slowly shining into reality.

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