11 hours ago
China Says Aims to Boost Gold Resources by 5-10% by 2027
China aims to increase its gold resources by 5 to 10% and its gold and silver output by more than 5% by 2027, the industry ministry said on Monday in an implementation plan for 2025 to 2027.
Gold is a strategic mineral resource and is "of great importance for maintaining national industrial security and financial security," the ministry said.
According to the plan, China will step up efforts in geological exploration and locating new gold resources, and tackle key technological and equipment issues associated with gold mining in the country, Reuters reported.
China will promote gold and silver recycling from a range of waste products including electrical and electronic components, the plan said.
The plan also called for deepening overseas investment cooperation, encouraging Chinese firms to sign long-term supply agreements with foreign mining companies to expand sources of primary mineral products including gold ore.
