Gold mining in the People's Republic of China has propelled the country to become theworld's largestgold producer since 2007. In 2022, China produced approximately 403 metric tons (403 t) of gold, maintaining its top global position.[1]
China overtookSouth Africa in 2007 to become the world’s largest gold producer, with output rising to 276 metric tons (276 t) that year, compared to South Africa’s 272 metric tons (272 t).[2] South Africa had led gold production for over a century before declining due to rising costs and depleting reserves.
By 2022, China had maintained its top position with production reaching 403 metric tons (403 t), although it holds only around 7% of the world's known gold reserves.[3] Mining is concentrated in eastern provinces likeShandong,Henan,Fujian, andLiaoning, with newer growth in the west, includingGuizhou,Yunnan, andTibet. A prominent site is inMaizhokunggar County nearLhasa.[4]
In 2000, over 2,000 mostly small and inefficient producers operated in China. By 2007, industry consolidation reduced that number to around 800. However, many firms still lag behind in technology and management compared to international standards.
The dominant domestic player is theChina National Gold Group Corporation (CNGGC), which contributes about 20% of China’s total gold output and controls over 30% of national reserves. CNGGC also managesZhongjin Gold, China’s first publicly listed gold mining company.
Starting in 2006, the Chinese government promoted outbound mining investment. By 2015, Chinese firms were involved in over 120 mining projects across Africa.[5]
To support risk management in the domestic market, China launched its first goldfutures market on theShanghai Futures Exchange in 2008, enabling producers to hedge against volatile global prices.[6]
| Gold miners | |
|---|---|
| Gold properties |
|
| Historic |
|
