Gold bullion output up 8.57 pct in 2010
Shanghai. February 10. INTERFAX-CHINA - China produced 340.88 tons of gold bullion in 2010, up 8.57 percent from 2009, the China Gold Association (CGA) announced Feb. 10.
China's gold miners produced a total of 280.03 tons of gold bullion and compound gold over the period, up 7.27 percent year-on-year.
Gold bullion produced by smelting companies, including nonferrous metals smelters and gold refineries, using compound gold, scrap gold and imported ore as feedstock, grew by 8.57 percent year-on-year to 171.25 tons.
The table below shows China's top gold mining regions for 2010.
Top gold mining regions in 2010
| Rank | Region | Production (tons) | Y-o-y change (%) |
| 1 | Shandong | 52.35 | 1.84 |
| 2 | Henan | 28.25 | -2.1 |
| 3 | Fujian | 16.23 | -14.68 |
| 4 | Inner Mongolia | 15.92 | 19.95 |
| 5 | Yunnan | 13.52 | 27.19 |
| 6 | Shaanxi | 13.46 | 1.1 |
| 7 | Hunan | 12.85 | 9.73 |
| 8 | Xinjiang | 9.98 | 9 |
| 9 | Guizhou | 9.15 | -8.82 |
| 10 | Jilin | 9.12 | 5.79 |
Source: CGA
Nonferrous metals smelters produced 68.93 tons of gold bullion over the period, up 16.35 percent year-on-year. The five leading nonferrous metals smelters accounted for 75.45 percent of the total gold bullion produced by such companies.
The table below shows China's top five nonferrous metals smelters for in 2010 by gold bullion production.
Top five nonferrous metals smelters by gold bullion production in 2010
| Rank | Company | Production (tons) | Y-o-y change (%) |
| 1 | Jiangxi Copper Group | 22 | 9.98 |
| 2 | Anhui Tongling Nonferrous Metals Co. Ltd. | 10.11 | 32.86 |
| 3 | Yunnan Copper Group | 8.82 | 8.87 |
| 4 | Hubei Daye Nonferrous Metals Co. Ltd. | 6.01 | 2.82 |
| 5 | Jiangxi Hefeng Copper Co. Ltd. | 5.07 | N/A |
Source: CGA
Gold refining companies produced 102.32 tons of gold bullion during the year, up 11.29 percent from 2009. The top five gold refining companies accounted for 85.91 percent of the total gold bullion produced by such companies.
The below table shows China's top five gold refining companies in 2010 by gold bullion production.
Top five gold refining companies by gold bullion production in 2010
| Rank | Company | Production (tons) | Y-o-y change (%) |
| 1 | Shandong Zhaojin Mining Co. Ltd. | 28.21 | -2.6 |
| 2 | China National Gold Group Corp. | 18.94 | 11.86 |
| 3 | Shandong Hengbang Smelting Co. Ltd. | 16.27 | 50.23 |
| 4 | Henan Lingbao Gold Co. Ltd. | 14.55 | -1.74 |
| 5 | Zhongkuang Gold Industry Co. Ltd. | 9.93 | 0 |
Source: CGA
Based on current gold prices, China's total gold output for 2010 was valued at RMB 229.29 billion ($34.82 billion), up 66.72 percent from 2009.
Overall industry profit increased 78.19 percent year-on-year to RMB 24.87 billion ($3.78 billion).
The Shanghai Gold Exchange, China's sole precious metals spot trading platform, reported a gold trading volume of 6.05 million kilograms in 2010, up 28.48 percent year-on-year.
Gold trading on the Shanghai Futures Exchange reached a total volume of 497,470 kilograms in December, while trading turnover stood at RMB 150.98 billion ($22.93 billion).
- KHM
