INTL China Is World's Largest Gold Producer

(MarketWatch) - China became the world's largest gold producer last year, helped by Canadian- and Australian-led projects that aim to add millions in ounces to the world gold supply.

The title of top gold producer adds to a list of raw materials China can claim to produce more than any other country, including aluminum and steel. It's not likely to loose that lead anytime soon as more foreign producers make inroads in China's untapped mining fields.

Formerly known as the Fujian Province Shanghang County Mining Co., Zijin has holding subsidiaries in 20 provinces in China and seven countries and has become China’s largest owner of metal mineral resources, its largest gold producer, its third largest copper producer, and one of China’s six major zinc producers.

"The expectation is that [China] will almost certainly retain that position next year, and I wouldn't be surprised to see further consolidation of its lead," said William Tankard, senior analyst at GFMS.

http://www.marketwatch.com/story/china-now-worlds-largest-gold-producer-foreign-miners-at-door

There is enough gold in the Superstition Mountains in Arizona to flood the market!!

The government cut off all new claims years ago!!

They catch you even panning for gold there, you go to federal prison!!

I still think that all our resources have been put up as collateral on the national debt and the Chicoms are gonna start collecting!!

After recently reading about some institutions buying gold finding out that they actually recieved gold-plated tungsten bricks, I find it interesting to see this article while also knowing that China is also the world's largest tungsten producer.

WW

h-m-m-m-m that ist ve-r-r-r-r-r-y interesting

Yeah but does anybody really want lead and melamine contaminated gold?

(sorry, I couldn't resist . . . . )

But do they have TUNGSTEN?

Wait a minute. China is the largest gold producer YET they were the leading canidate to BUY the IMF gold that is up for sale?

Why?