Singapore (Platts)--27Feb2013/551 am EST/1051 GMT
China's gold output rose 11.7% year on year to 403.05 mt (14.2 million oz) in 2012, making it the world's biggest gold producer for the sixth year in a row, the China Gold Association said Wednesday. The top 10 producing provinces -- Shandong, Henan, Jiangxi, Yunnan, Inner Mongolia, Gansu, Fujian, Hunan, Shaanxi and Anhui -- contributed 82.71% of the country's total output for 2012. China overtook South Africa as the world's largest gold producer in 2007, producing 276 mt of gold in the year against South Africa's 272 mt. China's annual output has risen progressively since then, from 282 mt in 2008, 314 mt in 2009 and 341 mt in 2010 to 360.95 mt in 2011. Article continues below...Metals Daily now available on Platts Market CenterPlatts Metals Daily is now available for subscribers on Platts Market Center, an interactive website featuring Platts news, market commentaries, proprietary price assessments and archived content, as well as the daily PDF. PMC will also make available several key US benchmark assessments to subscribers earlier in the US day than with the current PDF-only delivery mode. PMC also includes archived proprietary prices and a custom graphing feature. PMC offers a mobile version viewable on PDAs and smart phones. For further information on registration, please contact Customer Care: support@platts.com
China's gold output rose 11.7% year on year to 403.05 mt (14.2 million oz) in 2012, making it the world's biggest gold producer for the sixth year in a row, the China Gold Association said Wednesday. The top 10 producing provinces -- Shandong, Henan, Jiangxi, Yunnan, Inner Mongolia, Gansu, Fujian, Hunan, Shaanxi and Anhui -- contributed 82.71% of the country's total output for 2012. China overtook South Africa as the world's largest gold producer in 2007, producing 276 mt of gold in the year against South Africa's 272 mt. China's annual output has risen progressively since then, from 282 mt in 2008, 314 mt in 2009 and 341 mt in 2010 to 360.95 mt in 2011.
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Platts Metals Daily is now available for subscribers on Platts Market Center, an interactive website featuring Platts news, market commentaries, proprietary price assessments and archived content, as well as the daily PDF. PMC will also make available several key US benchmark assessments to subscribers earlier in the US day than with the current PDF-only delivery mode. PMC also includes archived proprietary prices and a custom graphing feature. PMC offers a mobile version viewable on PDAs and smart phones. For further information on registration, please contact Customer Care: support@platts.com
The country consumed 832.18 mt of gold in 2012, up 9.4% year on year, according to an earlier CGA report. Around 502.75 mt of it was used for gold jewelry, up 10.1% year on year; 239.98 mt for gold bars, up 12.2%; 25.30 mt for gold coins, up 21.6%; 48.85 mt for industrial applications, down 8.2% and 15.3 mt for other uses, down 7.4%.--Alvin Yee, alvin_yee@platts.com--Edited by Wendy Wells, wendy_wells@platts.com
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