China’s gold industry is more prosperous. A new gold mine has been discovered in the country.
The new mine is estimated to contain 50 tonnes of gold.
According to Chinese media CGTN, the gold mine in East China’s Shandong province has been found. It is the second most densely populated area in the country. According to 2020 statistics, more than 10 crore people live in the province. There are several gold mines in this province.
Researchers believe that the new mine may contain 50 tons of gold. However, it was speculated that new mines could be found in the area of Shandong. After 8 long years of observation, geologists finally found the mine.
China has at least 9 percent of the world’s gold reserves. According to the central bank’s statistics for February, the amount of mineral gold in China is 1 thousand 869 tons. Most of which are in Shandong.