China
The world’s largest gold reserves have been found in China. A huge gold deposit in central China is reported to contain 1,000 metric tons of high-quality gold. Mineralogists from Hunan province have confirmed the discovery in the region’s Pingxiang County. According to Chinese government media, the value of this reserve is 600 billion yuan i.e. approximately Rs 6,91,473 crore. Interestingly, this amount is twice more than India’s GDP. This could be the world’s largest gold reserve in terms of estimated value. Earlier, 930 metric tons found in South Deep Mine of South Africa was considered the largest mine.
In the initial exploration, 40 veins full of pure gold were found at a depth of 2 kilometers, which contain about 300 metric tons of gold. After this further investigation was done. 3D modeling shows additional reserves exist at deeper depths. Gold is present about 3 kilometers below the ground. This discovery will have a major impact on China’s gold industry.
“Several drilled rock cores showed huge quantities of gold,” said an official close to the case. He said that one ton of ore contains a maximum of 138 grams of gold in a range of 2,000 meters. The official said new technologies such as 3D modeling were used in the Wangu gold field.
Talking about some of the major gold mines of the world, these include South Deep Gold Mine of South Africa, Grasberg Gold Mine of Indonesia, Olympiada Gold Mine of Russia, Mponeng Gold Mine of South Africa.
