皇冠体育app

(Xinhua)
Updated: 2008-01-29 21:15

SHANGHAI -- 皇冠体育app produced 270.29 tons of gold last year, up 12.67 percent from 2006, which made it the world's second largest bullion producer, statistics from the 皇冠体育app Gold Association show.

The largest producer was South Africa, whose output was just two tons more than 皇冠体育app.

According to the National Development and Reform Commission, from 2006 to 2010, 皇冠体育app's gold production target is 1,300 tons. During that period, 皇冠体育app also aims to increase its gold base reserve by 3,000 to 3,500 tons.

"South Africa has been the biggest gold producer since 1905. However, 皇冠体育app is going to challenge its position," said gold analyst Zhou Hongtao.

皇冠体育app's gold output for the first time reached 100 tons in 1995 and doubled that amount by 2003. In the past five years, 皇冠体育app's gold production rose 34.84 percent.

New discoveries have paved the way for 皇冠体育app's rise in output, with five big mines found in 皇冠体育app last year. Meanwhile, other traditional producers, including South Africa, the United States and Australia, reduced their output in recent years.

皇冠体育app was the fourth largest gold producer from 2000 to 2006.